Truth Social launches 'Truth API' to sell faster access to posts
Trump Media plans to charge trading firms for access to Trump’s Truth Social posts milliseconds before they appear publicly, the FT reports. The product, Truth API, is aimed at firms that rely on ultra-fast data to trade in markets that are often moved by those posts.
My goodness, insider trading for sale! What’s the limit to this corrupt pos?
Buy your insider trading information! Seems completely legal.
100% believable. Selling early access to market-moving posts violates: • STOCK Act & Rule 10b-5: Insider trading on non-public info. • Emoluments Clauses: Constitutional ban on foreign/state profits. • Honest Services Fraud: Abuse of public office for private enrichment.
So he knows he moves markets and that people who pay can profit from access.
Oh so, like market manipulation! Got it!
- Isn’t that essentially selling access to insider trading info…?
Trump is now a day trader profiting from inside information from this other thing he does - pretend he's the leader of the country. Everything has become about monetization for him/his family. It's why he wants to stay in office forever. It's how he becomes really rich. bsky.app/profile/chad...
Inventing whole new kinds of corruption
The product is called: Insider trading
This is reads like a satire of a comically corrupt tyrant. Unfortunately, Trump is a comically corrupt tyrant.
isn’t a grift supposed to include some kind of lie/obfuscation
Once again, there’s a Watergate level scandal from this administration every day and our leaders refuse to do anything about it. Also, vote in the midterms if you give a damn about changing that fact.
Every day, he gets more brazen. So much for "checks and balances."
Isn’t this just an admission of criminal insider trading? He tweets, markets move, oligarchs buy bigger super yachts, etc. and he admits that?
BREAKING: Trump Media to sell "faster access" to President Trump's Truth Social posts, which will let traders and investors pay for real-time feed of Truth Social posts.
Martha Stewart is going to turn into the Joker
At this point they are not even hiding the insider trading...
He is a cockroach. He tries to profit from the most stupid thing. Even his ranting eternal lies. The most stupid are the people buying this shit. Maga is the apes world.
The guy sure knows how to grift
That would be like being on the receiving end of a firehose of shit. Isn't is already functionally real-time? How much of a delay is there now?
Enables insider trading AT SCALE.
Is it insider trading for the president of the United States to sell access to market-moving information for money?
We got to levels of shamelessness so surreal they're selling insider trading fast pass
sure, why not. Nobody is gonna do shit.
It's so obviously a grift and no one actually cares. The United States is basically just a get rich quick scheme masquerading as a country.
how would this even work without delaying the public feed
Insider-Insider Trading, dontchaknow. Bet they delay posting his stuff for some promised period, instantaneous to the "subscribers."
The United States of Absolute embarrassment…
How much per month is a subscription to Insider Trading Premium™?
President of the United States of grifters.
"Truth API is designed for organizations most impacted by the cost of a delay in information. This includes high-frequency and algorithmic trading firms that require a low-latency, machine-readable feed rather than manual tracking."
This is one of those stories that I sometimes think about writing about, but then wonder, what's the point? It's so patently absurd. The market mover profits from selling access to his own market-moving statements. Presidential statements, as a product. Just stunningly inappropriate.
The level of Trump corruption will be impossible to exceed by any future administration.
“We are turning insider trading into a legitimate business. Wtf are you gonna do about it?” I can’t anymore. I just can’t 😣 I WORK 7 DAYS A WEEK AND HAVE 3 F’ING JOBS!!!!
Selling insider information and advertising the fact. Corruption level 100!
That has to be illegal, right?
"Truth Social" needs to be rebranded to accurately reflect its actual mission, which is anything but "truth"; and its "social" characteristics = horseshit propaganda & demands for obedience. How about "Grift Central"? or "Only Lies?" or ?
TRUMP MEDIA PLANS TO LAUNCH TRUTH API, A PAID SERVICE GIVING TRADING FIRMS MILLISECOND-EARLY ACCESS TO TRUMP'S TRUTH SOCIAL POSTS BEFORE PUBLIC RELEASE; PRODUCT AIMED AT HIGH-FREQUENCY TRADERS AS TRUMP'S POSTS FREQUENTLY MOVE STOCKS, OIL AND CURRENCIES - FT
It’s just all fucking corruption