24 Hrs
Source:
Fox News
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San Francisco sues Trump Media over pay-to-play
San Francisco filed a lawsuit against Trump Media, alleging that its Truth API subscription service provides wealthy users early access to President Trump's posts, creating an unfair market advantage and potentially enabling insider trading. The service, launched in August with subscription fees of $60,000 to $100,000 per month, allegedly benefits high-frequency traders and benefits Trump, who owns around 41% of the company. The lawsuit seeks to block the service and impose civil penalties under California law.
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