Trump sues media outlets for $1.5b over ‘false reporting’

Hindustan Times :
The Trump Media & Technology Group (TMTG) has filed a lawsuit against 20 media outlets over reports of a $73 million loss since the launch of Truth Social.

The Trump Media & Technology Group (TMTG) has launched a lawsuit against 20 media outlets, including Newsweek, Hollywood Reporter, and CNBC.

The crux of the matter revolves around reports alleging that TMTG suffered a $73 million loss since the launch of Truth Social, a social media platform owned by former President Donald Trump.

TMTG vehemently denies these claims, describing them as “an utter fabrication.”

Lawyers for the organization argue that the reports represent an “unprecedented and seemingly coordinated media campaign” aimed at damaging TMTG’s reputation and disrupting its financial standing, particularly concerning its anticipated merger with Digital World Acquisition Corporation (DWAC).