Why is that article trying to hand waive corruption?
It does have one thing going for it: customers dumb enough to pay top dollar for slightly faster access to the president’s posts
The president’s posts move markets. Advance access to that information is worth a lot of money. Selling access is corruption. This article wants to convince us it isn’t
Call it what it is, it’s blatant insider trading.
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Truth Social isn’t a social network anymore. It’s a Bloomberg terminal with a presidential panic button. Wall Street pays up to $100,000 a month to hear Trump before everyone else, while crypto holdings do the heavy lifting on the balance sheet. Turns out the most valuable speech on the »free speech« platform is the kind sold to the highest bidder.
That’s what it airways was.
Can you do fme a flavor and leaf.
Honest question here: did you miss that it was created for Trump to spread his truth?
It never was anything else.
(I am baffled that this could be understood as pro trump. Wow. Disclaimer: his truth is for his gains, with whichever means.)
It never was anything else.
Bullshit. If it “never was anything else”, why is he charging for early access to posts?
It is very clearly being used for corruption. Quit pretending is isn’t
I think we have a slight misunderstanding here.
His truth, the truth of a corrupted paedophile criminal narcissist is… Making money (aka corruption) of course. It always was. And that is his truth.
$60,000 and $100,000 per month
A fool and their money are soon parted.
The only fools are the ones not realizing the value of that access
They’re making a whole lot of money trading with that information. It’s blatant corruption and ignorant people are going around calling them “dumb” and “morons” making millions
It’s blatant corruption and ignorant people are going around calling them “dumb” and “morons” making millions
That’s the story of the last decade.
Unfortunately they’re likely profiting more than that via insider trading. Capitalism rewards sycophants
Capitalism rewards the capitalists.
Well, finance bros gonna finance bro, like it or not, the US presidents words directly effects markets, and any advantage in getting the words will pay off significantly, especially with the potus being as volatile as Trump is.
As he keeps shifting his public opinions, on random whims traders can really play the shortgame and win with the quicker access to his latest feverdream
Which is why preferential access to presidential communications is straight up unconstitutional and a violation of the first amendment (equal access to public announcements).
Of course trading firms are going to look for any edge they can. It’ll still be an advantage until (or if) it gets struck down by the courts.
Trump needs to be in jail for like a million things at this point, but these companies should be on the hook for insider trading or something. Pretty sure if a politician came up to you and offered you early info for a price and you made stock trades based on that you’d be held responsible. They need a fine so big it bankrupts them and no other company dreams of doing that again, even if offered.
When COVID hit the PM of my country got reprimanded for using Facebook live streams to announce changes in policy, and rightly so.
lol, that’s the actual title.
