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More than 10 firms pay up to $100k a month for access to Truth Social posts

bbc.com

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Re: More than 10 firms pay up to $100k a month for access to Truth Social posts

#21

Post by DougN7 »

TrackerFF wrote: post #17

Why would anyone want to pay that much for something, unless it gives them some edge. I don't know if it is still a thing, but in the world of penny stocks and crypto there used to be subscription pump and dump channels, where influencers would charge $x / month, and coordinate pumps. "Signal" channels, as they were named. This can't be too different. If not even more straight forward insider stuff. Either that, or i…

I’m sure you could make a ton of money on oil if you had a 30 minute heads up about whether Trump was going to bomb Iran or not on any given day.

Re: More than 10 firms pay up to $100k a month for access to Truth Social posts

#23

Post by HolyLampshade »

TrackerFF wrote: post #17

Why would anyone want to pay that much for something, unless it gives them some edge. I don't know if it is still a thing, but in the world of penny stocks and crypto there used to be subscription pump and dump channels, where influencers would charge $x / month, and coordinate pumps. "Signal" channels, as they were named. This can't be too different. If not even more straight forward insider stuff. Either that, or i…

If I had to venture a guess (and full disclosure I’m not currently working in the space, and am not privy to conversations about actually buying this product), the 100k/m for whatever the contract duration is relatively low stakes to see if there’s utility in the data. Since there is no historical data the only real option is to buy, see if it makes a difference, and dump the product at the end of the contract if it doesn’t move the needle.

The seller is trying to push upfront sales by suggesting “These guys are doing it, and if you want to keep an edge you need to too”, (and journalists wanting to write about how corrupt this shit is are eagerly picking this up and boosting the signal by writing these sorts of articles).

In 5-6 months I suspect the consumer number to be down to 1-2 from the original batch, and those who are still paying will probably be doing so because the fact that the contract exists will probably slip through the cracks.

Re: More than 10 firms pay up to $100k a month for access to Truth Social posts

#24

Post by AndrewAndrewsen »

yonaguska wrote: post #20
ImHereToVote wrote: post #19

I don't think anyone would have predicted that Karl Marx would ever end up being as vindicated as he turned out to be.

huh?

Read Marx, he predicted so many things that would happen during the late stage capitalism phase.

Re: More than 10 firms pay up to $100k a month for access to Truth Social posts

#27

Post by salomonk_mur »

DougN7 wrote: post #21
TrackerFF wrote: post #17

Why would anyone want to pay that much for something, unless it gives them some edge. I don't know if it is still a thing, but in the world of penny stocks and crypto there used to be subscription pump and dump channels, where influencers would charge $x / month, and coordinate pumps. "Signal" channels, as they were named. This can't be too different. If not even more straight forward insider stuff. Either that, or i…

I’m sure you could make a ton of money on oil if you had a 30 minute heads up about whether Trump was going to bomb Iran or not on any given day.

A 1 second head start is good enough.

Re: More than 10 firms pay up to $100k a month for access to Truth Social posts

#28

Post by HumblyTossed »

jdw64 wrote: post #10
coreyh14444 wrote: post #4

The most corrupt US administration in history and it isn't even close.

Who knows? Maybe we'll see a new 'worst in history' every year from now on

It's possible. The ultra-wealthy now have a blue print to follow.

Re: More than 10 firms pay up to $100k a month for access to Truth Social posts

#29

Post by Aurornis »

When I first heard saw headlines about this I thought it was so outlandish that it couldn’t possibly be real. Yet here we are.

It’s amazing how much corruption is occurring for so little money. A million dollars a month is peanuts for such clear graft.

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