The Intercept and the Freedom of the Press Foundation filed a lawsuit Wednesday against President Trump and his staff, seeking to halt plans by Trump’s media company to monetize the president’s social media posts. Under the scheme, Trump’s Truth Social platform would charge up to $100,000 per month for early access to the president’s posts, which frequently drive stock market volatility. In announcing the lawsuit, Ben Muessig, editor-in-chief of The Intercept, said, “Trump is trying to enrich himself by privatizing government information that he has no right to sell. We won’t let it stand.” This comes as the Trump Media & Technology corporation, which owns Truth Social, announced a $238 million loss during the second quarter of this year. Meanwhile, The New York Times reports the number of monthly visitors to Truth Social was down about 36% from a year ago.