Capitalism implodes on itself, just as predicted..
This isn't capitalism, it's pure corruption.
More than 10 firms pay up to $100k a month for access to Truth Social posts
51–60 of 337 posts
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#52Why 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…
There is plenty of historical data, $100k is a steal for as long as situations like Iran persist. And now he is incentivised to ensure they do persist. Our fearless leader, ladies and gentlemen.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#53If a rival political party takes power in 2029 and they decide to do nothing about this, are they complicit? If the cops drive past a mugging, observe, and then drive on past allowing the law to go unenforced, are they not just as corrupt as the robbers?
Rival party is not equivalent to the cops.
Even if the rival party were to somehow control all 3 branches of government (which they will not), the voting records show a full 1/3 of American adults outright support this corruption (many of the cops themselves), and another 1/3 are willing to ignore it.
If you are in the 1/3 that does care about it, you are not going to have a good time trying to fight the other 1/3, many of whom make up the “law and order” department.
So the answer to both questions is a resounding no, because the world is more complicated than a comic book superhero movie.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#54When 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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Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#55It's not even that much money for the reputational damage. Wild.
What reputation?
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#56The most corrupt US administration in history and it isn't even close.
And the least corrupt US administration from now on.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#57Earlier quoted context omitted.
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.
Completely ignorant here, and I don't want to ask an AI (I don't trust them on these issues). Could you give me an example how you can make money with this information? Again, question as someone who doens't live in the US so I am not used how you can profit from this. I guess it may be because a war may impact the market and you can invest (or the opposite) with this, but in my mind bombing Iran wouldn't move the ma…
Iran controls the straight of Hormuz, which is a key shipping channel for the world. It being open or not has an impact on all businesses which have to ship through it, which is a lot of them. Therefore it impacts the entire economy. The entire stock market goes up or down based on signals about the status of the war.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#58Why is this not being stopped by us jurisdiction? Or at least why does the rest of the world does not decouple from those markets?
A video has been going around pointing out one of the consequences of the Strait of Hormuz closure.
Over the past few years, China has quietly purchased more than a billion barrels of oil from Russia and Iran at a discount in CNY rather than USD, pushing it into newly created strategic stockpiles that would be necessary for closure of a different Strait. After putting a strategic foot on the neck of refined product exports, they are now functionally acting as the largest part of the world's crude reserves, smoothing demand so that the global price does not spike and crash the global economy & global trade. If China was to keep up its normal buying cycle over the past few months, we would have easily seen >$200 oil. Instead, oil is a third that, and it's not even the limiting factor - refinery output drops on diesel from Ukraine's Kinetic Sanctions campaign are having a more significant bottleneck on petrochemicals right now than Hormuz.
https://www.youtube.com/watch?v=BkA0bkb6ZO0
Say what you like about the motivation, this is a form of global leadership of the sort that America used to specialize in, and every drop of oil traded in CNY rather than "The Petrodollar" weakens the USD as the anchor currency.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#59Earlier quoted context omitted.
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.
Completely ignorant here, and I don't want to ask an AI (I don't trust them on these issues). Could you give me an example how you can make money with this information? Again, question as someone who doens't live in the US so I am not used how you can profit from this. I guess it may be because a war may impact the market and you can invest (or the opposite) with this, but in my mind bombing Iran wouldn't move the ma…
> Completely ignorant here, and I don't want to ask an AI (I don't trust them on these issues). Could you give me an example how you can make money with this information?
Place a Kalshi bet on the outcome of something that a Truth Social post just settled?
Short a company he's about to bash?
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#60Insider trading as a service. No one is going to take the US seriously for the next 50 years.
In most areas (drug enforcement, basic education, healthcare, gun culture...) nobody should have been taking the US seriously maybe since Reagan. Finance, science and war were the only areas you could count on the US but now they went full Roman on the rest of the world not even that anymore. War is the only thing that's left I think.
The US also arguably lost the Iran war. So far it can't claim any minor fraction of a victory, at least; seems to be the general consensus.
I like to read Bret Devereaux (from the frequently HN posted https://acoup.blog/) takes on this in his Bluesky (https://bsky.app/profile/bretdevereaux.bsky.social)