Donald Trump’s Truth Social platform has filed a lawsuit against 20 media organisations for making what it claims to be defamatory statements about the company’s financial losses.
In the lawsuit, filed in the 12th Judicial Court of Sarasota County, Florida, on Monday, Trump Media & Technology Group (TMTG) accuses the “reckless and malicious” outlets of falsely reporting that the company had lost $73m since its launch.
The company claims that the “false reporting” was part of a “seemingly coordinated effort to destroy TMTG and Truth Social”.
“This case is about an unprecedented and seemingly coordinated media campaign, by no less than 20 major media outlets, to attack Trump Media & Technology Group (“TMTG”) and its social media platform, Truth Social, by falsely reporting that TMTG had lost $73 million,” the lawsuit reads.
“This number was an utter fabrication. 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.”
