Trump Media to sell instant access to 'market-moving' social posts

syoleene

If you pay to have the info a few seconds before everyone else, does this make it insider trading?

healthworker

This creates an incentive to post things that cause high volatility (even in the downward direction) as that creates a "subscribe if you want early warning of market dips" pressure factor.

thrance

Insider trading as a service. They're not even pretending not to do it, utterly shameless.

abrookewood

Seriously, there are no limits to his graft. This is commercialisation of insider trading. He is shameless.

jaakkoc

Crazy times we live in that a president can do this.

artisinal

I still remember when Obama wearing a tan suit was controversial.

kleiba2

Every country gets the government it deserves. -- Joseph de Maistre, 1811

podgorniy

The epstein-guest-pedo-leader of the "claim-to-be-leader-nation" monetize billion in crypto, poorly chineese manufactured phone and sells access to own market-manipulation-intended-texts. It's so much bad stuff that poor people don't even know how to start battling with it... The music on this sinking ship will keep playing till the very end. It's a decline. There is no observable way up from this point.

feverzsj

How could US now be even worse than the spoils system era?

Havoc

Yet if the average corporate person does insider trading it comes with a prison sentence not pricing. It’s wild how banana republic level corrupt the US is all of a sudden. Really went from 0 to 100 in months

OutOfHere

Previously posted topic: https://news.ycombinator.com/item?id=48935614

mpweiher

Insider Trading as a Service.

piker

> The new commercial data feed, named Truth API, promises to deliver posts to paying institutional clients in "milliseconds". ... > The company, which launched its social media app in 2022, said some firms have been copying its data for months without permission. > McGurn warned that Trump Media will soon block these methods, forcing firms to buy the official feed instead. This looks like it is monetizing and organizing scrapers. Isn't basically everyone doing this with data feeds these days? At best this just gives a few milliseconds head start to subscribers and cracks down on automation. I would be shocked if NYSE, etc. don't already have premium tiers with faster market data and those feeds are certainly paid APIs. It's known that HFT shops will co-locate, for example, to have low latency. This looks really bad, but if it were X and not Truth Social, there wouldn't be anything to see. It goes to the underlying issue of Trump owning and trying to profit from Truth Social generally.

xg15

Waiting for the Polymarket joint venture...

freitasm

The grift. It never stops.

marysol5

Wake up America, they're laughing into your face

xtiansimon

Kleptocracy in all its forms. As this president likes to say,”A disgrace”. And every accusation is a confession. Elections have consequences.

DivingForGold

This merely "encourages" Trump and team to move the markets even more, to sell more subscriptions ? He and his staff can plan out specific utterances that are substantial for moving the markets - endless feedback loop ?

penguin_booze

The grift that keeps on grifting. To put it poetically, everyday discovering something brand new.