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Intercept, Freedom of the Press Sue Trump Media Over Truth API

By Drooid · · How we work

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Story summary
  • The Intercept and Freedom of the Press Foundation sued Trump Media in New York, seeking a preliminary injunction.
  • The lawsuit targets the Truth API, which charges Wall Street subscribers $100,000 for real-time top posts.
  • Former prosecutors say the scheme likely breaches the Securities Exchange Act, anti-corruption statutes and the Trade Secrets Act.
  • A hearing on the injunction request is set for Oct. 7 at the Manhattan federal courthouse.