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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

#91

Post by tavavex »

tenthirtyam wrote: post #90
pjc50 wrote: post #24

Earlier quoted context omitted.

Does raise the question of whether this also comes with free immunity from prosecution, or whether the NYAG should just pre-emptively say that anyone signing up for this and trading on the results will be prosecuted under NY state law. (Critical to the whole thing is unfortunately https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in... , where the judge inexplicably decided to waive sentencing for a felony co…

Well, maybe information that is for sale on the open market to anybody that's willing to pay is no longer considered 'insider' information? i.e. trader Jane Doe can't complain that trader John Doe has this info - she could have it too if she wanted. (edit: not defending this, I find it to be deplorable and disgraces the office of president.)

She could only have that info if she has the money to pay for it. In every possible interpretation, this is just discriminating based on wealth. There was no paywall before. Now the rich get direct access to better information and more wealth, everyone else is left in the dust. As if they didn't already have that advantage before.

To me this would be similar to an argument that "one dollar = one vote" is democractic because anyone could hypothetically pay more or just earn more money.

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

#92

Post by Jordan-117 »

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 kind of what happens when an electorate empowers a pathologically lying corrupt criminal to head of state and gives their craven sycophants legislative majorities.

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

#93

Post by Jordan-117 »

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…

Biden did both, at least at first. Age (and refusal to recognize it) hobbled him in the end, but during his term he was one of the more effective presidents of the last several decades. Arguably more effective than Obama, considering the amount accomplished in one term and the far slimmer majorities he had to work with. And I say that as somebody who loves Obama.

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

#94

Post by John23832 »

bathtub365 wrote: post #83
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 algorithmic trading firms were already doing this via scraping. What I’m curious about is if they’re going to also impose a slight delay between when posts show up in the API vs when they’re posted on the website.

> The algorithmic trading firms were already doing this via scraping.

That doesn’t matter. That’s fundamentally different than the president selling access to himself.

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

#95

Post by cosmicgadget »

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.

Predictable? It was a campaign promise. People actively decided this is what they wanted.

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

#96

Post by xvxvx »

The government is one giant taxpayer-funded scam after another. Not that I like Trump in any way, but I’m somewhat thankful that he’s so brazen with the corruption and shedding light on everything.

There’s not a single respectable politician. Obama was worth $1-2M before he became president, and is now worth $70M+.

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

#97

Post by cosmicgadget »

Jordan-117 wrote: post #93
spwa4 wrote: post #32

Earlier quoted context omitted.

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…

Biden did both, at least at first. Age (and refusal to recognize it) hobbled him in the end, but during his term he was one of the more effective presidents of the last several decades. Arguably more effective than Obama, considering the amount accomplished in one term and the far slimmer majorities he had to work with. And I say that as somebody who loves Obama.

Hopefully when Russia is sorted it will be a chance to remember how the Biden administration helped derail "three days to Kyiv" while absolutely embarrassing the Kremlin.

That and letting JPow fix inflation without constantly screeching about needing to lower interest rates.

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

#98

Post by cosmicgadget »

healthworker wrote: post #3

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.

This is already happening, see all of the tariff and Iran tweets. It's just that now there's another layer of insiders.

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

#99

Post by cosmicgadget »

titzer wrote: post #73
jaakkoc wrote: post #8

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

There was a long concerted effort to disable all the accountability mechanisms. A massive failure across the board, at every level, in every party. Now that the entire justice system is broken, the American system is being dismantled and looted. 2024 was fatal. Enjoy the slide into the abyss.

I think we're realizing that the accountability was never there, prior presidents simply had a sense of dignity.

Ultimately only congress and scotus can intervene. But America decided to vote in the January 6 guy and a congress that wouldn't serve as a check on his power.

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

#100

Post by cosmicgadget »

lostlogin wrote: post #22
podgorniy wrote: post #14

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.

> There is no observable way up from this point. The mid terms?

I'm not sure what the way out here is. Even with both houses (which won't happen) the Supreme Court has declared all independent agencies created by Congress unconstitutional. Funding approved by Congress can basically be line-item vetoed by the executive. And of course the bar for impeachment is simply too high.

Split houses means that anything bad can be blamed on the blue house.

Honestly, if you think the GOP isn't currently serving the country's interests you kinda have to hope they aren't given a scapegoat this fall.

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