Former President Donald Trump’s Truth Social recently filed a lawsuit against 20 media outlets that falsely reported on the company’s finances.
The civil lawsuit was recently filed in Sarasota County, Florida, and seeks $1.5 billion in damages, per Newsmax.
In a statement, the parent company of former President Donald Trump’s Truth Social, Trump Media and Technology Group (TMTG), highlighted the historical implications of its lawsuit against the 20 media outlets, accusing them of failing to replace or correct the false information it spread about Truth Social.
“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,” the media company said.
“To the Fake News outlets that think themselves above accountability: we’ll see you in court,” it added.
Among the media networks included 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.
“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 claimed.
“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,” it adds.
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
TMTG went on to allege that the actions by the media outlets were deliberately done to “damage” its reputation and hinder the social media companies’ relationship with Digital World Acquisition Corporation (DWAC).
The parent company noted one instance where the media outlets falsely reported that the former president had lost “$73 million,” and failed to retract their articles despite being blatantly incorrect.
“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 reads.
