Two media groups on Wednesday sued to block President Donald Trump’s social media company from offering high-paying clientele real-time access to posts on the platform, alleging the subscription plan is unconstitutional.
Truth Social began offering Truth API, or application programming interface, on Aug. 1 to users who pay up to $100,000 a month for instant access to posts from Trump and others, many of which contain “market-moving” information about wars, foreign policy, the economy, and other topics. APIs are data feeds used by social media platforms such as Instagram, Facebook, and X that are widely relied upon by retail and institutional traders for real-time financial and economic data to inform trading decisions.
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