Truth Social sues 20 media companies for defamation

Trump-backed social media company Truth Social launched a defamation suit on Monday against 20 social media companies. Plaintiff Trump Media & Technology Group Corp sued The Guardian, Hollywood Reporter, the Miami Herald, Reuters, Rolling Stone, The Hill, Deadline, Benzinga, Marketwatch, Forbes, Axios, The Daily Beast, Gizmodo, Salon, The New York Daily News, Newsweek, MSNBC, Mediaite, The Daily Mail, and CNBC.

The suit alleges that there has been "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 suit claims that the number was "an utter fabrication," and that each defendant, "in apparent coordination," published that number within 24 hours of one another. The outlets, the suit claims, all sourced an SEC filing, but that $73 million loss amount is not contained in the cited filing.