I still remember when Obama wearing a tan suit was controversial.
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Trump Media to sell instant access to 'market-moving' social posts
51–60 of 125 posts
Re: Trump Media to sell instant access to 'market-moving' social posts
#52Yet 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.
I mean Congress or SCOTUS could restrict his powers but they don't want to. How do you even go about fixing that? And is it really that uncommon when president, congress and supreme court is controlled by same party?
I have a feeling the only new element is that the same can be now said for media.
Re: Trump Media to sell instant access to 'market-moving' social posts
#53Waiting for the Polymarket joint venture...
It looks like Kalshi is currently closer to the topic at hand: https://news.ycombinator.com/item?id=48936529
Re: Trump Media to sell instant access to 'market-moving' social posts
#54The 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.
> There is no observable way up from this point. The mid terms?
And then what? You get a lame duck, then (if you're really lucky) a 4 year dems gov where they basically do basically nothing expect try to clean (or bury) the most outrageous cases of corruption and then once the MAGAs get elected again you're back at the beginning?
Re: Trump Media to sell instant access to 'market-moving' social posts
#55Re: Trump Media to sell instant access to 'market-moving' social posts
#56Earlier quoted context omitted.
> 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.
Literally the reason people voted for Hitler was that the German economy was in the shitter and he promised to fix it, with promises that made no sense, similar to Trump's.
Re: Trump Media to sell instant access to 'market-moving' social posts
#57> 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 organiz…
There is literally nothing else of value on Truth Social except the president's posts. And those are considered official government communications. There's a legal ruling about that from the time of the first Trump administration. So the US president has created a wrapper corporation that sells early access to official government communications. It doesn't matter if it's only milliseconds, that's enough for trading s…
The people voted for a really corrupt guy, so they get tonnes of corruption. That's how.
Re: Trump Media to sell instant access to 'market-moving' social posts
#58Earlier quoted context omitted.
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Both sides are bad. One is worse. Both lead America rapidly downhill. One does it faster.
From an external point of view, one side is at least trying. Ranked choice voting, "no corporate money in politics" and other initiative like this, to add more democracy, suddenly come out on my news feed and each time i say to myself "it won't work right now, but at least it seems those are steps in the correct direction". Supporting the people who run on those platform is infinitely better than a destructive nihilism.
Re: Trump Media to sell instant access to 'market-moving' social posts
#59Re: Trump Media to sell instant access to 'market-moving' social posts
#60Earlier quoted context omitted.
> 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.
I don't know why this is downvoted, this is the entire basis of China being politically stable despite being unfree.
The problem is trying to untangle which are the economic indicators that matter and what the causality is. Despite everything, the stock market is at or near an all time high (mostly due to AI), and that grants Trump a lot of leeway from the money class.
It's also why this matters: https://www.reuters.com/business/energy/oil-stocks-us-strate...
Oil prices going up would probably also be extremely unfavourable for the Trump regime. So simply empty the US SPR onto the market to keep prices down and avoid the Iran war having any impact. Should last for the rest of his term.