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

bbc.com

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

#31

Post by spwa4 »

lostlogin wrote: post #19
Havoc wrote: post #18

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

> It’s wild how banana republic level corrupt the US is all of a sudden. It’s wild how utterly predicable this was and yet it was the chosen path.

When you get older, eventually you see the pattern. Political parties, whatever their viewpoints, are tolerated as long as they improve economic outcomes fast enough. When that even just slows down, there is some tolerance, but not much.

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

#32

Post by spwa4 »

artisinal wrote: post #9

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

I miss Obama. A president that could actually deliver a decent speech and actually bothered to be a politician.

A politician should do TWO things: get elected, and convince the electorate about a path forward, including any compromises needed. Obama is the last president that actually did that. As we all know. Trump just doesn't even bother. And before anyone else points this out: yes, I kind of agree, Biden didn't either. Democrats are their own worst enemy, just like republicans are.

I really miss Obama.

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

#33

Post by feverzsj »

Havoc wrote: post #18

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

The system is broken. There is no effective restrict on president's powers. And the president is Trump.

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

#34

Post by 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.

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

#35

Post by whazor »

Havoc wrote: post #18

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

real danger of insider trading is that you can get jailed 20 years in the future for something you did today

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

#36

Post by defrost »

pjc50 wrote: post #25
mcdeltat wrote: post #10

Earlier quoted context omitted.

Maybe we can keep going to a point where it's so ridiculous that people realise the financial markets are the useless money laundering loop that they actually are

The supply of capital is absolutely critical to an industrial economy, even if there's a lot of corruption along the way.

The supply of food is absolutely critical to a human population, even if truckloads of fish are left to rot in the sun outside schools?

The supply of mineral and energy resources is absolutely critical to an industrial economy, even if rivers are polluted to the point they catch fire ala the Cuyahoga River Fire of 1969?

I suspect it's worth the effort to minimise and prosecute the corruption, waste, and harmful externalities.

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

#39

Post by gib444 »

spwa4 wrote: post #32
artisinal wrote: post #9

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

I miss Obama. A president that could actually deliver a decent speech and actually bothered to be a politician. A politician should do TWO things: get elected, and convince the electorate about a path forward, including any compromises needed. Obama is the last president that actually did that. As we all know. Trump just doesn't even bother. And before anyone else points this out: yes, I kind of agree, Biden didn't e…

Your post reminds me of that scene from the West Wing where the president joins a meeting the VP had already started who had opened with:

"Surely our first priority is to figure out a way to work with Congress"

Then the president joins and is caught up by the note taker and embarrasses the VP with

"Our first priority is to work with congress? Surely our first priority is to serve the American people"

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

#40

Post by bradleybuda »

whazor wrote: post #35
Havoc wrote: post #18

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

real danger of insider trading is that you can get jailed 20 years in the future for something you did today

Inshallah
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