San Francisco files a lawsuit against Trump Media & Technology Group, alleging the company sells paid “insider trading” advantages through Truth Social. The city claims the service provides access to a Truth Social feed linked to President Donald Trump’s posts for a price of up to $100,000 per month, potentially allowing better-informed market activity than is available to typical investors.
City Attorney David Chiu argues the paid early-access arrangement could enable market manipulation and violates California’s Unfair Competition Law. The outlets report the lawsuit is filed in California state court and contends the offer lets select, wealthier users receive information sooner than the general public.
Across the coverage, outlets characterize the lawsuit similarly: San Francisco seeks to stop the early-access offering and frames it as an unfair scheme that undermines equal access to information. While the precise legal claims are described in slightly different terms, the core allegation is that the Truth Social “Truth API” feed’s monetized timing creates an unfair advantage and constitutes unlawful conduct under state law.
