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The Intercept
@theintercept.com

The Intercept and the Freedom of the Press Foundation sued President Donald Trump and his staff Wednesday, challenging a Trump-owned media company’s plan to monetize the president’s social media posts.

The Intercept
@theintercept.com

The lawsuit is in response to a scheme announced last month by the parent company of Trump’s Truth Social platform to charge as much as $100,000 per month for early access to the president’s posts.

The Intercept
@theintercept.com

By offering preferred access to presidential missives, the monetization plan, dubbed “Truth API,” would violate the First Amendment rights of journalists and other members of the public to equal access to official information while allowing Trump to trade his public statements for cold hard cash.

The Intercept
@theintercept.com

The complaint filed in the Southern District of New York also asserts that the monetization scheme would violate the Fifth Amendment by charging “unreasonable sums” for equal access to government information and by undermining the right to equal protection under the law. interc.pt/4grHbmF

interc.ptThe Intercept Sues Trump for Selling Premium Access to Truth Social AnnouncementsThe lawsuit argues the president is restricting public access to government information in a scheme to enrich himself.

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Fredxie
@rodgilbert.bsky.social

Or more to the point it is paying for inside information which is then used to profit in the equities markets. Martha Stewart went to jail much leas than this