Trump social media firm sues Washington Post for defamation, seeks $3.78 billion in damages

Former President Donald Trump's social media company has sued The Washington Post for defamation over an article it published earlier this month and is seeking $3.78 billion in damages.

The lawsuit by Trump Media and Technology Group, which owns the Truth Social platform, was filed Saturday night in Florida state court in Sarasota County and accuses one of America's most storied newspapers of publishing a story of libel and slander that the suit claims poses an "existential threat" to the social media company.

A spokesperson for The Washington Post declined comment on Sunday. “We don’t have a comment on this,” Kathy Baird said.

The suit alleges the Post "published an egregious hit piece that falsely accused TMTG of securities fraud and other wrongdoing" and "has been on a years-long crusade against TMTG characterized by the concealment of relevant information in its possession."

"WaPo's false criminal charges exposed TMTG to public ridicule, contempt and distrust, and injured TMTG's business and reputation," the suit said.

You can read the suit here.

The legal action by the Trump firm comes just a few weeks after the Post won two Pulitzer Prize awards for its reporting last year and Fox News settled a $1.2 billion defamation lawsuit brought by Dominion Voting Systems for $787.5 million.