The Trump Media & Technology Group, operator of Truth Social, has filed a lawsuit against 20 media organizations for allegedly publishing false reports claiming the company suffered a $73 million loss.
The lawsuit alleges that the media outlets coordinated to report the same false information, citing a public SEC filing, and deliberately worked to harm the company and its merger plans.
“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 reads.
TMTG claimed the outlets “deliberately or recklessly published false financial information to advance a preferred and coordinated narrative harmful to TMTG.”
The lawsuit seeks accountability for the false reporting and the alleged coordinated effort to damage the company, despite some outlets issuing corrections or updates to their articles.
“TMTG intends to hold these reckless and malicious media outlets to account for their false reporting and for their seemingly coordinated effort to destroy TMTG and Truth Social,” the suit added.
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