Trump Media Technology Group

San Francisco filed a lawsuit against Trump Media alleging its Truth API sells early access to President Trump's posts and facilitates insider trading and unfair competition. The complaint calls the service a “pay-to-play” scheme that lets select customers trade on nonpublic, market-moving government statements and cites examples of price moves after Trump posts. The city seeks to bar Trump Media from offering Truth API or similar services and requests fines under California’s Unfair Competition Law. » Altro su theverge.com

Two media organizations have sued Donald Trump and parent company Trump Media & Technology (TMTG). They allege that the paid fast access to Truth Social posts gives paying customers preferential access to official government information and is therefore unconstitutional. TMTG markets the product as a B2B data feed that delivers posts in milliseconds; customers are said to be mainly firms engaged in ultra-fast stock trading, paying up to $60,000–$100,000 per month. The plaintiffs call the model corrupt and quantify their harm from delayed access. » Altro su finanzen.net

Trump Media & Technology Group has signed more than 10 customers for its Truth API, selling millisecond‑faster access to Truth Social posts for typically $60,000–$100,000 a month, mainly to high‑frequency trading firms. Management says the service will be marketed to cloud, AI and news companies and eventually retail investors, and sees it as a potential revenue driver. The move has drawn ethical and legal scrutiny from experts and lawmakers over whether paying for faster access to a president's public statements could distort markets. The company reported second‑quarter revenue of $1.67 million but widened losses to $238 million, driven by crypto writedowns. » Altro su cbsnews.com