Posted on 05/22/2023 12:38:20 PM PDT by Red Badger
Former President Donald Trump’s social media company is seeking $3.78 billion in damages in a defamation lawsuit against The Washington Post for publishing “an egregious hit piece” earlier this month that accused the company of securities fraud and other wrongdoings.
Trump Media and Technology Group (TMTG), the owner of Truth Social, filed the lawsuit on Saturday in a Sarasota County, Florida state court house, which accuses The Post’s article of causing an “enormous” loss that created an “existential threat” to the social media platform.
“WaPo has been on a years-long crusade against TMTG characterized by the concealment of relevant information in its possession—a bitterly ironic truth for a publication whose motto is ‘Democracy Dies in Darkness,'” the lawsuit reads.
Trump launched Truth Social last year as an alternative to Twitter and other social media platforms for conservative users who said they were censored and discriminated against for their political views.
According to the lawsuit, the legacy media outlet published the online article headlined, “Trust linked to porn-friendly bank could gain a stake in Trump’s Truth Social” on May 13, 2023, which stated TMTG failed to disclose key details about a proposed merger to the Securities and Exchange Commission and shareholders.
“The clickbait headline of the WaPo Article… immediately grabbed the common mind of readers, falsely insinuating that TMTG was involved in shady business dealings,” the suit claims.
The article alleged a series of accusations involving a bank in the Caribbean islands that offered $8 million in loans to TMTG.
“[TMTG] borrowed money from a bank best known for servicing the adult entertainment, pledged a stake in the company for the loan and didn’t tell the SEC,” the article says.
The lawsuit says The Post published nine false claims and circulated the misinformation to its 2.5 million subscribers and 20 million Twitter followers.
“In order to further spread the smear and increase the damage to TMTG, WaPo engaged agents from both within and outside the company to broadly republish the defamation,” the complaint alleges.
A spokesperson for The Post declined to comment on the lawsuit.
Take the Post down.
It all comes down to that Bezos asshole who owns it . He holds the leash
Filed in Sarasota County, Florida
That should make The Post’s Bum pucker. They aren’t going to find a corrupt Court / leftists Jury Pool like they would in NYC where it would be slam dunk they would be off the hook.
3 billion reinvested in the company will help it recoop.
Maybe he’ll end up owning it.
Maybe com(Post), Slimes, etc. paid Murdoch to settle w/ Dominion so they wouldn’t be subject to any negative precedent that came out of the Fox case.
/sarcasm, but not really...
Maybe com(Post), Slimes, etc. paid Murdoch to settle w/ Dominion so they wouldn’t be subject to any negative precedent that came out of the Fox case.
/sarcasm, but not really...
“Sarasota County, Florida”
I live there. What is the basis for that venue?
I would think the Washington Post would have to be sued in a DC court.
“didn’t tell the SEC”
Why would the SEC care?
Huh .... they might get a fair trial in Florida?
Tell me ... who's the Governor of Florida?
Affects stock prices.....................
I hope Trump walks away with millions and ownership of the Compost.
Has this guy ever walked by a courthouse without filing a lawsuit?
that’s because the SEC is as corrupt as ALL the other 3 letter agencies and have completely ghosted DWAC/TMTG on their approval to merge. It is complete tyranny
The suit describes all the business and subscribers WaPo has in FL. With all of recent Yankee invaders, WaPo derives significant revenue from FL.
My hopes are high. No wait. Just another nuisance lawsuit.
Yes and own it have his own news paper
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