A California city has filed a lawsuit against Truth Social’s parent company, alleging the platform violated state law by offering early access to President Trump’s posts to subscribers who pay $100,000. The legal action claims this practice amounts to insider trading under California’s Unfair Competition Law, as it grants paying users exclusive, paid content before it’s available to the general public. The lawsuit argues that this creates an unfair advantage for wealthy subscribers, potentially distorting public discourse. Legal experts will be watching to see how courts interpret whether this model crosses the line into prohibited insider benefits.
The city of San Francisco sued Truth Social's parent company Monday over delayed Truth Social posts made by President Trump that users can receive early access to if they pay $100,000. The city's attorney, David Chiu, argued that Trump Media & Technology Group (TMTG) violated California's Unfair Competition Law, a state law against insider trading....
