What’s wrong with Trump’s media stock today? – Trump Media & Technology (NASDAQ: DJT)

Trump Media & Technology Group Corporation DJT Stocks traded slightly higher on Wednesday.

Truth Society, Truth+ and Truth Parent Company has filed a lawsuit Rumble Company rum Challenge the Supreme Court of Brazil Alexandre de Moraes.

The lawsuit was filed in the U.S. federal court in Tampa, Florida, to prevent Moraes’ attempts to force Rumble to force review of U.S. Brazilian users’ review accounts.

The legal action aims to protect freedom of expression and asserts that Moras’s gag order violates the First Amendment to the U.S. Constitution and other laws.

The GAG ​​command requires the suspension and prohibition of account creation, as well as the exchange of account holder information. In addition, Moraes’ orders are fined daily and threatens the rumbling shutdown.

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Rumble and TMTG do not have any entity, operation, employee, bank account or business in Brazil.

Trump Media CEO Devin Nunnes Expressing the company’s commitment to maintaining free expression, stressing that this issue goes beyond the slogan and is at the heart of the Trump media mission.

The company also believes that complying with these requirements will harm the Trump media because the Truth Society is about Rumble’s server operation.

“We are honored to rumble with our partners to oppose the injustice demands of political censorship, whoever they are,” said Nanes.

DJT stock has lost more than 35% in the past year, according to Benzinga Pro.

Price action: DJT stock traded 0.37% on the previous check to $29.12.

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Image via shutterstock.