Former President Donald Trump’s Truth Social has recently initiated a lawsuit against 20 media organizations for disseminating false information about the company’s financial status.
The civil lawsuit was filed in Sarasota County, Florida, and it seeks damages totaling $1.5 billion, according to Newsmax.
Trump Media and Technology Group (TMTG), the parent company of Truth Social, underscored the historical significance of this lawsuit against the 20 media outlets. TMTG accused them of failing to correct or replace the erroneous information they propagated regarding Truth Social.
In a statement, TMTG stated, “Today, Truth Social filed a defamation lawsuit that is likely unprecedented in history, incorporating twenty publications – and even more may be added. All of them published the same false information about Truth Social and refused to fully retract their stories.”
BREAKING: Trump Media & Technology Group—which operates Truth Social—has announced a lawsuit against 20 media organizations over allegedly false news reports claiming the company had lost $73M, which TMTG called an “utter fabrication.”
Outlets named in the suit include Guardian… pic.twitter.com/CzWF8WMf0y
— Julia 🇺🇸 (@Jules31415) November 21, 2023
The media company added, “To the Fake News outlets that think themselves above accountability: we’ll see you in court.”
Among the media networks named in TMTG’s lawsuit are Reuters, Rolling Stone, Forbes, Axios Media, New York Daily News, the Daily Mail, MSNBC, and The Hill, as reported by Newsmax.
The lawsuit argued, “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.”
“It adds, “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 appears nowhere.”
TMTG alleged that the media outlets’ actions were a deliberate attempt to “damage” its reputation and disrupt Truth Social’s association with Digital World Acquisition Corporation (DWAC).
The parent company pointed out a specific instance where the media outlets incorrectly reported that the former president had incurred a “$73 million” loss and failed to retract their articles despite the glaring inaccuracy.
“To date, while some defendants have issued little-noticed ‘corrections’ or ‘updates,’ none have retracted the defamatory articles, publicly apologized, or taken any other steps to ameliorate the continuing damage,” the lawsuit concluded.
