Two media groups on Wednesday sued to block President Donald Trump’s social media company from offering high-paying clientele real-time access to posts on the platform, alleging the subscription plan is unconstitutional. Truth Social began offering Truth API, or application programming interface, on Aug. 1 to users who pay up to $100,000 a month for instant access to posts from Trump and others, many of which contain “market-moving” information about wars, foreign policy, the economy, and other topics. APIs are data feeds used by social media platforms such as Instagram, Facebook, and X that are widely relied upon by retail and institutional traders for real-time financial and economic data to inform trading decisions. The Intercept and Freedom of the Press Foundation filed a lawsuit in the U.S. District Court for the Southern District of New York this week, challenging Trump Media & Technology Group’s Truth API and claiming that selling priority access to the president’s messages is “extraordinary, corrupt, and unconstitutional.” The service violates the First Amendment and Fifth Amendment by directing market-sensitive information to paying clients first for “unreasonable sums,” it alleges.