Who Owns the Presidents Tweets? A Federal Lawsuit Wants an Answer
The Intercept and the Freedom of the Press Foundation filed a Truth API lawsuit against President Donald Trump on Wednesday. The case asks a federal judge to decide whether the president can sell early access to his own official statements. The complaint, filed in the Southern District of New York, says presidential posts are government information. If that holds, no paying customer can own a bigger share of them than any other American. Sponsored Sponsored A $100,000 Paywall on the Presidents Posts Truth Social‘s parent, Trump Media s most market-moving Truths,” Markets often move when he posts. Subscribers, mostly high-frequency trading firms, pay $60,000 to $100,000 a month for that head start. More than 10 firms have signed up, and the feed has already earned over $1 million. That figure matters. Trump Media booked a $238.1 million net loss in the second quarter on revenue of just $1.7 million. At more than $1 million a month, the feed could soon out-earn the rest of the business. Trump is the companys largest shareholder through a trust. According to the complaint, his stake was once worth $4 billion and has since sunk to around $1 billion. ????TRUTH API INFOMERCIAL (This is a real product so I made them an infomercial: Trump Media