Trump media is fighting back against the fake news media.
They are suing 20 media outlets over reports about a report on Truth Social’s losses.
The Trump Media & Technology Group, which operates Truth Social, on Monday announced a lawsuit against 20 media organizations over allegedly false reports stating that the company had suffered tens of millions in losses.
The suit, filed in the Florida state court in Sarasota County, points to a recent slew of news articles claiming the company had lost $73 million, a number the company called an “utter fabrication.”
Among the outlets named in the suit are Guardian News and Media, The Hollywood Reporter, the Miami Herald, Reuters, Rolling Stone, The Hill, Deadline Hollywood, Benzinga, MarketWatch, Forbes, Axios, The Daily Beast, Gizmodo, Salon, The New York Daily News, Newsweek, MSNBC Cable, Mediaite, The Dailly Mail, and CNBC.
“Each defendant, in apparent coordination, reported the exact same false number within approximately 24 hours of one another, each citing to a public Securities and Exchange Commission (‘SEC’) filing, in which the mystery $73 million loss appears nowhere,” the suit claims.
The media claimed that Truth Social had lost $73 million in 2023.
This was false.
The lawsuit comes following reports this month that Truth had lost $73 million in 2023. That figure turned out to be incorrect; the company has actually lost $31 million.
It’s not clear how the error occurred. The initial $73 million figure was attributed to a securities filing by Digital World Acquisition Corp, which is attempting to merge with Truth Social.