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News Groups Sue Trump Over Paid Early Access To Truth Social Posts
Authored by Owen Evans via The Epoch Times,
President Donald Trump was sued on Wednesday by two news organizations seeking to shut down a service that sells paid access to the president's posts on his Truth Social platform.
This illustrative photo shows a person checking the app store on a smartphone for Truth Social, with it's website on a computer screen in the background, in Los Angeles on Oct. 20, 2021. Chris Delmas/AFP via Getty ImagesThe lawsuit, filed on Aug. 12 in Manhattan federal court by The Intercept and the Freedom of the Press Foundation, challenges Truth API, launched on Aug. 1, a feed offered by Trump Media & Technology Group, which charges up to $100,000 a month for early access to 10 high-profile Truth Social accounts, including Trump's.
Trump often uses his Truth Social account to post news.
The lawsuit targets Trump in his official capacity as U.S. president, along with Natalie J. Harp in her official capacity as the president's executive assistant.
It also names Daniel Scavino (in his official capacity as White House deputy chief of staff and director of the White House Personnel Office), the Executive Office of the President, and the White House Office.
"Truth API delivers a direct, licensed, real-time feed of the platform's most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream," Trump Media's interim chief executive, Kevin McGurn, said in a July 16 statement.
"As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders."
In an Aug. 10 earnings call, McGurn said the company had signed more than 10 customer agreements for Truth API, primarily with "high-frequency trading firms," at "rates generally in the range of $60,000-$100,000 a month."
In the complaint, the plaintiffs called the Truth API service an "astounding scheme" because the president stands to gain financially when subscribers sign up.
"This scheme is extraordinary, corrupt, and unconstitutional, and Plaintiffs bring this case to stop it," the plaintiffs said.
The lawsuit claimed that granting preferential access to Trump's public statements to paid subscribers violates the First Amendment, which it says guarantees Americans equal access to the president's public announcements, as well as the Fifth Amendment, which it says prohibits the government from imposing extortionate or unreasonable conditions on the availability of government benefits.
"There is no legitimate interest, let alone a significant one, in permitting President Trump to profit from selling government information," it said.
"The President stands to gain financially by giving 'market-moving' government information to those who are willing and able to pay his personal company."
According to the complaint, many of Trump's 9,000 to 11,000 Truth Social posts and reposts during his second White House term were not followed by official White House statements.
A Trump Media & Technology Group spokesman told The Epoch Times by email that information from Trump is "disseminated by countless platforms and news outlets, many of which offer subscription APIs."
He said that one of those channels is Truth Social, "which was founded as an uncancellable haven for free speech after the President was unjustly deplatformed."
"Now, left-wing activists are trying to wrongfully weaponize the courts to censor him again and harm our shareholders," he added.
The president is Trump Media's largest shareholder. His eldest son, Donald Trump Jr., is a Trump Media director and oversees the trust.
Other accounts offered through Truth API include those of Vice President JD Vance, Health Secretary Robert F. Kennedy Jr., FBI Director Kash Patel, and the White House itself, the complaint said, adding that these are the 10 most popular accounts on Truth Social
"Trump is trying to enrich himself by privatizing government information that he has no right to sell," said Ben Muessig, editor-in-chief of online news outlet The Intercept.
"A president selling priority access to news he himself generates for the benefit of a private company he controls is so blatantly corrupt and unconstitutional that it would have been hard to even fathom just a few years ago," said Freedom of the Press Foundation's chief of advocacy Seth Stern.
The Epoch Times has contacted the White House for comment.
Reuters contributed to this report.
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Anthropic's $2 Trillion Bet Is That Nothing Goes Wrong
The most revealing aspect of a $2 trillion Anthropic IPO is not the staggering valuation, but the suspension of disbelief required to justify it.
To buy into that number, investors must assume that artificial intelligence is becoming economically indispensable at breakneck speed, that a formidable moat will protect a handful of frontier-model developers, and that the exorbitant costs of computing infrastructure will not eventually crush their margins. More crucially - they must wager that the political, technical, and institutional risks inherent to an increasingly geopolitically competitive landscape will play second fiddle to the growth story.
Dario Amodei, CEO and co-founder of Anthropic, attends the annual meeting of the World Economic Forum in Davos, Switzerland, Jan. 23, 2025. (AP Photo/Markus Schreiber, File)Reports of Anthropic's internal projections describe a company scaling at an unprecedented clip. If it can actually bust out an annualized revenue run-rate of $100 billion while expanding its enterprise market share, a trillion-dollar valuation begins to look mathematically defensible under current tech multiples. But this arithmetic obscures a deeper structural flaw: the very capabilities driving Anthropic's revenue growth are simultaneously engineering the risks most likely to vaporize its premium.
As frontier models become more autonomous, persuasive, and capable of executing multi-step objectives across outside systems, they cease to be conventional software. A text generator hallucinating an answer is a glitch; an autonomous agent hallucinating a cyber-attack or a rogue financial transaction is a massive liability.
The recent internal turmoil and safety-evaluation controversies at both OpenAI and Anthropic are symptomatic of this shift. Major AI labs are now diverting substantial resources to test for autonomy, deception, and loss of control. This is not merely an engineering challenge; it is a fundamental transformation of the product category. The instability roiling these companies is not a byproduct of poor management - it is a structural consequence of trying to shoehorn a potentially world-altering, highly volatile technology into the framework of a standard venture-backed corporation.
The company's value has been all over the place in prediction markets - recently hockey-sticking following a report in FT in which six company backers said that Anthropic's rapidly rising revenue "would enable it to more than double its current valuation in a planned autumn float."
Will Anthropic's valuation hit (HIGH) $2.0T by December 31?Yes 60% · No 40%
View full market & trade on Polymarket
"If Anthropic is growing 800 per cent a year, you'd think at the incredibly low end they would trade at 30 times [revenue]," one investor told FT, adding "That would make them a $3tn company."
Anthropic is a particularly pure expression of this tension over its capabilities. Their basic pitch is that frontier capability and rigorous safety can coexist - a positioning with immense commercial value to risk-averse enterprise clients. Yet - after Anthropic spooked the shit out of everyone with its hackbot 5000 (Mythos), China went full Leeroy Jenkins through the field with cheap, efficient, capable open-weighted models that carry none of the moralizing - just performance at a better value. When a safety-first AI company repeatedly triggers control warnings in its frontier models, it erodes its core value proposition. In effect, Anthropic is running two races at once: one toward greater capability, the other toward greater control.
The great convergence between open and closed.
The problem is that the $3 trillion in funding commitments by OpenAI/Anthropic assumes frontier prices remain stable https://t.co/8u0zDGUgwM
OpenAI offers a different flavor of the same crisis. Its explosive adoption set the template for the modern AI platform, but its boardroom coups, leadership exoduses, and chronic debates over deployment safety illustrate the inherent friction between mission statements, capital requirements, and commercial incentives. The industry has engineered a relentless feedback loop: capital buys compute, compute yields capability, capability drives revenue, and revenue attracts further capital. But with every revolution of this flywheel, the control problem magnifies. The commercial boom and the governance crisis are not parallel events; they are the same phenomenon viewed from different angles.
Because of this, conventional revenue multiples are highly suspect. Even if Anthropic achieves a massive revenue run-rate, standard tech valuations demand continuity between current sales and future cash flows. Frontier AI's economics, however, are unusually discontinuous. Cheaper, open-source alternatives threaten to commoditize baseline intelligence, while corporate customers are already demonstrating price sensitivity by opting for smaller, highly efficient models for routine tasks. Technological leadership does not guarantee pricing power. The industry has proved that better AI generates demand; it has not proved that every incremental leap in intelligence creates proportionate economic value.
Catch-22An alternative lens for these valuations is that investors are not buying a software company; they are pricing a call option on the strategic control of machine intelligence.
Anthropic’s backers say booming demand for the start-up’s advanced AI models and tools justifies their lofty expectations © Chris Ratcliffe/BloombergIf advanced AI becomes the foundational infrastructure of the modern economy - underpinning software, finance, defense, and medicine - occupying that central node yields unprecedented economic leverage. But here's the catch-22: If frontier AI becomes as strategically vital as a trillion-dollar valuation implies, governments will not allow its proprietors to operate as ordinary private entities indefinitely. The stronger the financial case for these valuations becomes, the stronger the political case for national-security classification, severe regulatory constraints, and sovereign oversight.
An Anthropic IPO would therefore be more than a liquidity event. It would be the public markets' first attempt to price the frontier-AI paradox.
Tyler Durden Thu, 08/13/2026 - 16:40