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Trump Sued Over Plan to Sell Access to Truth Social Posts
['Bob Van Voris', 'Annie Massa', 'Wed', 'August', 'At P.M. Gmt', 'Min Read']
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(Bloomberg) -- President Donald Trump was sued by two media organizations over Trump Media & Technology Group Corp.'s plan to sell faster access to his posts on Truth Social.
Last month, the company announced it would sell faster access to Trump's market-moving Truth Social posts — a move that drew blowback from Democrats and even rankled some free-market fundamentalists on Wall Street.
Trump is the largest shareholder of Trump Media.
Earlier this week, Trump Media reported a second-quarter loss of $238 million, driven by plummeting prices of the cryptocurrencies it owns.
And the Freedom of the Press Foundation, which operates a "Trump Anti-Press Social Media Tracker" collecting Trump's Truth Social posts targeting the press, said the scheme also handicaps its efforts.