• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Trump Media sues Brazil Supreme Court judge who battled Elon Musk

by February 20, 2025
written by February 20, 2025

Trump Media and its fellow conservative-oriented social media company Rumble on Wednesday sued a Brazil Supreme Court justice whose clash last year with Elon Musk led to the blocking of Musk’s own social media firm, X, in that country.

The Tampa, Florida, federal court lawsuit accuses Justice Alexandre de Moraes of allegedly illegal attempts to censor a “well-known politically outspoken user” of Rumble with orders to suspend that user’s U.S.-based accounts.

The new lawsuit suit notes that Trump Media’s social media site Truth Social “relies on Rumble’s cloud-based hosting and video streaming infrastructure to deliver multimedia content to its user base.”

“If Rumble were to be shut down, that shut down would necessarily interfere with Truth Social’s operations, as well,” the suit says.

The suit was filed a day after Brazil’s prosecutor-general charged the country’s former president, Jair Bolsonaro, with an attempted coup as he tried to remain in office following his 2022 election loss. Bolsonaro — who was invited to President Donald Trump’s inauguration last month — is accused of participating in a plot with nearly three dozen other people, which allegedly planned to poison current Brazil President Luiz Inacio Lula da Silva and kill Moraes.

Trump had been the majority owner of Trump Media stock shares. In December, the then-president-elect transferred his entire stake of shares to a revocable trust of which he is the sole beneficiary.

The suit mentions Musk’s feud with Moraes, when the justice suspended X in Brazil for Musk’s defiance of requests to ban some user accounts and remove content that Moraes said violated the country’s laws.

Brazil’s Supreme Court also suspended bank accounts in that country of X and Starlink, the satellite internet service provider owned by Musk’s company SpaceX, as part of that battle.

Musk, who is also the CEO of Tesla, has been tasked by Trump to oversee a wide-ranging effort to cut federal government suspending and employee headcount.

Trump Media CEO Devin Nunes in a statement Wednesday on the suit said that the company “is firmly committed to upholding the right to free expression.”

“This is not just a slogan, it’s the core mission of this company,” Nunes said. “We’re proud to join our partner Rumble in standing against unjust demands for political censorship regardless of who makes them.”

Trump Media last week reported a net loss of nearly $401 million for 2024, and revenue of just $3.6 million.

The company in a statement last week said that about half of the $61 million in cash used in operating activities in 2024 “comprised legal expenses including costs related to the Company’s March 2024 merger with a special purpose acquisition company.”

“Partly as a result of obstruction by the Biden-era Securities and Exchange Commission, which turned the process into one of the longest SPAC mergers in history, [Trump Media] incurred significant legal expenses related to its merger and has brought litigation seeking to recoup its damages,” the suit said.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
GOP senators back Trump’s demand for Ukraine elections, but won’t call Zelenskyy ‘dictator’
next post
Surprising new poll numbers released on Trump’s performance so far in the White House

related articles

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

The charm of watching movies in theaters is...

September 25, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025

LimeWire acquires Fyre Festival, asking ‘What Could Possibly...

September 17, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Lone Biden official breaks silence on cognitive decline as cabinet stays mute

    May 29, 2025
  • Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs

    April 16, 2025
  • Can Biden really just hand over millions in campaign cash to Kamala?

    August 2, 2024
  • Surprising new poll numbers released on Trump’s performance so far in the White House

    February 20, 2025
  • White House says Trump ‘trusts his physicians’ following Biden’s cancer announcement

    May 19, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Trump brushes back Russia’s Medvedev after ‘war’ warning: ‘Watch his words’

    July 31, 2025
  • Bernie Sanders says Israeli PM ‘wrong’ both in the past and now: ‘We must not get involved in Netanyahu’s war’

    June 20, 2025
  • Babies R Us is back: Here’s why Kohl’s is betting on babies to drive its turnaround

    August 2, 2024

Recent Posts

  • FLASHBACK: Unearthed photo shows smiling Obama touring SpaceX alongside ‘Nazi nepo baby’ Elon Musk

    April 3, 2025
  • Speaker Johnson rips ‘lack of leadership’ in Biden admin’s Helene response: ‘alarmed and disappointed’

    October 5, 2024
  • Equifax’s solid Q2 leads to price target hikes by Goldman Sachs, Baird, and Needham: Should you buy?

    July 19, 2024

Editor’s Pick

  • Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s

    April 6, 2025
  • Republicans challenge ‘irrelevant’ budget office as it critiques Trump’s ‘beautiful bill’

    June 10, 2025
  • SCOOP: Congress barrels toward showdown over Biden-era rule letting California ban gas cars

    April 3, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock