• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Investing

Trump Media sues Brazil Supreme Court judge who battled Elon Musk

by February 20, 2025
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
How crazy popcorn buckets became big business for movie theaters

Related Posts

Why US sanctioned former EU official, 4 others;...

December 25, 2025

GLP-1 weight-loss pills set to reshape US food...

December 25, 2025

US stocks hold steady on Christmas Eve as...

December 25, 2025

Agios Pharma jumps 15% as FDA expands use...

December 25, 2025

Nvidia stock plunges after Intel’s 18A move: what...

December 25, 2025

Commodity wrap: gold, silver prices ease on Christmas...

December 25, 2025

Europe bulletin: FTSE slips, US-EU clash escalates, Secure...

December 25, 2025

Wall Street close: S&P 500 ends at record...

December 25, 2025

Evening digest: Bitcoin drifts as S&P 500 hits...

December 25, 2025

Tesla finds stability in energy as Rivian tests...

December 25, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Regime Uncertainty: a Drag on the American Economy

    December 26, 2025
  • What a 1980s Facial-Scar Experiment Shows About How We See Discrimination

    December 26, 2025
  • Nvidia stock plunges after Intel’s 18A move: what does it mean for AI chips?

    December 26, 2025
  • Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020

    December 26, 2025
  • Wall Street close: S&P 500 ends at record high, Dow gains 289 points

    December 26, 2025
  • Evening digest: Bitcoin drifts as S&P 500 hits record high, Japan seals $3B PE exit

    December 26, 2025

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,614)
  • Editor's Pick (372)
  • Investing (317)
  • Stock (2,438)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Africa to drive 20% of global LNG...

April 29, 2025

How India’s IPO boom is redefining its...

December 8, 2025

S&P 500, Nasdaq slip as NVIDIA underperforms;...

March 3, 2025