Who Owns the President’s Tweets? A Federal Lawsuit Wants an Answer

The Intercept and the Freedom of the Press Foundation filed a Truth API lawsuit against President Donald Trump on Wednesday. The case asks a federal judge to decide whether the president can sell early access to his own official statements.

The complaint, filed in the Southern District of New York, says presidential posts are government information. If that holds, no paying customer can own a bigger share of them than any other American.

A $100,000 Paywall on the President's Posts

Truth Social's parent, Trump Media & Technology Group, switched on the Truth API on August 1. The product feeds posts from the platform's top accounts to paying clients within milliseconds. Trump's account is the main draw.

Markets often move when he posts. Subscribers, mostly high-frequency trading firms, pay $60,000 to $100,000 a month for that head start. More than 10 firms have signed up, and the feed has already earned over $1 million.

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