Trump Media early access lawsuit
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Trump Media CEO defends selling faster access to Truth Social posts
The service went live on Aug. 1.
Critics argue the service lets deep-pocketed firms trade on valuable information before the rest of the public.
McGurn said the number of customer agreements had reached the mid-teens and was climbing.
Lawsuit seeks to ban Trump Media from charging for early access to president's posts
The lawsuit was filed in the Southern District of New York and names deputy chief of staff Daniel Scavino and executive assistant Natalie J. Harp as defendants.
The lawsuit asks that Trump Media be forced to end the paid service called Truth API.
Trump Media's stock has dropped below $10 from $62 shortly after going public two years ago.
“A president selling priority access to news he himself generates for the benefit of a private company he controls is so blatantly corrupt and unconstitutional that it would have been hard to even fathom just a few years ago,”
Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts
Donald Sherman, president of Citizens for Responsibility and Ethics in Washington, called the Truth API arrangement "wildly unethical."
Senator Ron Wyden said the plan would financially benefit the Trump family and make Wall Street traders rich.
Trump reported more than $1.4 billion in income from his family's crypto ventures in his most recent financial disclosures.