Truth Social To Sell Wall Street Firms the 'Fastest' Access To Trump's Post (nbcnews.com)
- Reference: 0184486252
- News link: https://tech.slashdot.org/story/26/07/17/0022208/truth-social-to-sell-wall-street-firms-the-fastest-access-to-trumps-post
- Source link: https://www.nbcnews.com/business/media/trump-media-early-access-truth-social-posts-rcna587912
> Trump Media & Technology Group has unveiled a paid-for, licensed data feed that will [1]give banks and trading firms "the fastest" access to posts from influential Truth Social accounts , such as President Donald Trump's, whose posts often move global markets. The product, called 'Truth API,' will deliver posts from the 10 most influential accounts to customers at a significantly faster pace than a regular push notification on the Truth Social platform, a spokesperson said. The feed is designed for organizations "most impacted by the cost of a delay in information," such as algorithmic trading firms, the company said in a statement. "Until now... firms that prioritize tracking influential Truth posts have relied on manual monitoring. Truth API closes the gap."
"Markets already move on Truth Social posts ... As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company," TMTG's interim CEO Kevin McGurn said.
[1] https://www.nbcnews.com/business/media/trump-media-early-access-truth-social-posts-rcna587912
what about trump TV for $9.99/mo (Score:2)
what about trump TV for $9.99/mo
Re: (Score:3)
Shouldn't that be $45.47/mo for a proper grift? Still I can help but think being force to watch trump TV would fall in the category of cruel and unreasonable punishment.
$0.05 per reply to his truth social posts (Score:2)
No, $0.05 per reply to his truth social posts. Anything in the thread, not just a direct reply. :-)
Someone sell the Whitehouse- (Score:5, Informative)
Doesn't matter that you don't "own" the Whitehouse, a con artist once sold the Eiffel Tower, and almost got away with selling it twice. Just say you're authorized to sell the Whitehouse because Trump doesn't like it anymore and the ballroom costs too much, and someone will believe you and buy it because at this point why wouldn't they.
Woo-hoo! (Score:2)
For a small fee you can get your bullshit before everyone else.
In [political type] [country], ... (Score:2)
In capitalist USA, fans PAY to get hit by shit.
If I'm understanding this correctly (Score:5, Insightful)
You pay him for access to his insider trading information? So allow me to reiterate.
How has your life improved under the orange one?
Is your paycheck larger?
Did you pay less taxes?
Are grocery costs lower?
Are your utility costs lower?
Did the price of gasoline or diesel decrease?
Did you pay less in health insurance?
If you needed insurance or healthcare were you able to obtain it?
Now MAGA cult followers if you're still sipping on kool aid on this hot July night, let me ask you this.
What if Obama did the exact same thing?
Re: (Score:2)
It won't matter that you ask all legit questions. Dunning Kruger effect is in full force with these folks.
Their answer to this is the same answer they give to the God question "Tell me how this world would be different if there was no God and no one designed it".
They cannot imagine either and they usually trail off into other topics or play the blame game
Re: (Score:2)
Allow me to answer. Ahem.
Is your paycheck larger?
No, that's Biden's fault.
Did you pay less taxes?
Did you her Kamala's laugh?
are grocery costs lower?
That's Barack HUSSEIN Obama's fault.
Are your utility costs lower?
Her emails and Benghazi made them high.
Did the price of gasoline or diesel decrease?
Yes but Biden did it Trump made money because he's smart
Did you pay less in health insurance?
Bill Clinton got impeached!! Trump's still draining the swamp.
If you needed insurance or healthcare were you able to obta
What an effing crook (Score:1)
My goodness. When is this guy going to get shut down? Why is it taking so long?
Re: (Score:3, Insightful)
The only difference between trump and Jim Jones is that trump would charge you for the kool aid
Re: What an effing crook (Score:4, Informative)
Jim Jones actually helped people with things like housing access and racial reconciliation before he went off the deep end into paranoia, self-aggrandizement, and eventual mass murder/suicide.
Trump has always been the exact same asshole he is today.
Tele (Score:4, Funny)
This is revolutionary! Previously the teleprompter guy was the go-to person for that info.
Madness (Score:5, Insightful)
Let’s see. It’s a modern world, and the president has decided to make big announcements on his own internet platform. Ok, I guess, even though these are clearly public messages that affect the public good. And these announcements cause real money to be made and lost all across the world. SO, he’s going to selectively release the information so that only a few people can arrange their finances to profit from these messages by seeing them earlier than everyone else. Even if only one minute earlier, the information can be used to great advantage. And he’s going to personally profit from this arrangement as well.
He is selling access to inside information.
And half the country gives out a collective yawn.
Re: (Score:1)
> pay for access to insider(outsider?) trading info?
He's creating a "middle class" - they will get the info after the regular insiders, but before hoi polloi.
He should have thought of selling multiple levels of higher tiers.
For 2.5 more years (Score:2)
> Markets already move on Truth Social posts ... As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company,
Well, maybe for 2.5 more years.
Don can do insider trading on (Score:3)
...5th Ave. and NOBODY is fucking stopping him because GopSCOTUS gave him "Presidential Immunity".
U.S. is bigly fucked up.
Chaos reigns (Score:3)
So let me understand this.
The president is selling access to the problems he creates.
There's now a bigger incentive to create more problems just to sell more access.
Law Will Return. Eventually... (Score:2)
CEOs, board members and decision makers at all levels of companies need to be aware they will be personally prosecuted for corruption, bribery and insider trading for signing up for this.
Eventually.
Oh, hey, look at me being all wildly optimistic...
Crime is legal, corruption *is* the system (Score:2)
and the media refuses to report it and the GOP refuses to stop it.
The Hummingbird Project (Score:1)
Somebody has been watching the Jesse Eisenberg movie and confused him with Mark Zuckerberg. Not in the East Wing movie theatre, sadly.
Can I pay him not to post? (Score:2)
Because that I would do.
Isn't there a rule about the government not delaying economic impacting information to the general public?
That is, isn't this illegal? Or is it just that no other presidency thought of doing this particular cash grab?
Re:Can I pay him not to post? (Score:5, Insightful)
> Because that I would do.
> Isn't there a rule about the government not delaying economic impacting information to the general public?
> That is, isn't this illegal? Or is it just that no other presidency thought of doing this particular cash grab?
I mean republicans would have been cool if Obama did this, right?
Re:Can I pay him not to post? (Score:5, Insightful)
> That is, isn't this illegal? Or is it just that no other presidency thought of doing this particular cash grab?
Before Trump, it was a cultural norm that a President of the United States was expected to follow ethical and moral guidelines as well as laws; not only because anything less would be dishonorable and a disservice to his country, but also because otherwise he would pay a steep political price for his unethical behavior. Trump's most significant political innovation has taken the form of figuring out how to convince a plurality of the American public that the only real standard for Presidential behavior is "whatever you can get away with".
Re:Can I pay him not to post? (Score:4, Insightful)
> Before Trump, it was a cultural norm that a President of the United States was expected to follow ethical and moral guidelines as well as laws; not only because anything less would be dishonorable and a disservice to his country, but also because otherwise he would pay a steep political price for his unethical behavior. Trump's most significant political innovation has taken the form of figuring out how to convince a plurality of the American public that the only real standard for Presidential behavior is "whatever you can get away with".
The Constitution and the proper functioning of our government assume people of good moral and ethical character who will at least try to abide by the spirit, not just the letter, of the law and do what's best for the country -- you know that whole "oath" thing. No administration is perfect, but we really don't have that with this Administration, who actively tries to get away with whatever they can in furtherance of their self interests and agendas, even if it's not what the people want or is in the best interest of the country.
Re:New normals (Score:4, Insightful)
Yeah, it was definitely Clinton lying about a relationship that set a precedent that allowed the current administration to undertake daily corruption and turn the government into a sort of mafia state. In the past, when presidents said things like, "I am not a crook!", they were totally telling the truth.
I mean, it was extremely consequential, Clinton's lie. It changed everything and many people suffered because of it. He might as well have lied about another country having weapons of mass destruction so he could start a war that would cost thousands of lives and then use that war to enrich his corporate buddies and donors.
Yeah, that Clinton. Real son of a bitch. All our current problems are rooted in him lying about a relationship.
Re: (Score:1)
> Yeah, it was definitely Clinton lying about a relationship
It didn’t matter what he lied about.
It didn’t matter that he lied to his wife.
it didn’t matter that he lied to the American people in a broadcast.
What mattered was that he lied while giving testimony to a judge during a legal proceeding while under oath .
Letting this pass set the new normal. This new normal created the conditions where someone like Trump could conceivably be elected. That by supporting the correct agenda ethical lapses could be ignored.
Re: (Score:2)
It didn't fucking matter because that case had nothing to do with the presidency.
Gingrich and crew make a political calculation. They overreached and went after impeachment and removal over something that could have been handled with disbarment. Which is effectively what happened, eventually.
Contrast that with Trump's two impeachments where his crimes were directly related to his role as president.
Re: (Score:2)
In retrospect, Clinton wasn't the worst president, but he wasn't good. He was unfulfilled potential (his wife probably says the same), but way better than Bush or Trump. Consider:
In terms of foreign policy, when the former Soviet Union needed help, he gave them the middle finger. [1]Multiple times [latimes.com]. This directly led to Putin (and Bush made Putin many times worse). His China policy turned out to be awful. Giving "most favored nation" status to dictators without extracting human-rights concessions is the wron
[1] https://www.latimes.com/archives/la-xpm-1999-mar-24-mn-20482-story.html
Re: New normals (Score:5, Interesting)
He got a blow job, got impeached, and was still a great president. Bill Clinton is both a better human being and a better president than Trump will ever be. That's a low bar and he easily steps over it, no argument.
There is just no excuse for being as shitty a human being, in absolute terms, as Trump is. None. Lots of people would make bad presidents because it's a tough job, but for electing a known shitty human being, Trump voters have no one to blame but themselves and should feel ashamed. No, Bill Clinton is not an excuse.
Re: (Score:2)
> He got a blow job, got impeached, ...
Nope. He lied while giving testimony to a judge during a legal proceeding while under oath.
"The House adopted two articles of impeachment against Clinton, with the specific charges against Clinton being lying under oath and obstruction of justice.”
[1]https://en.wikipedia.org/wiki/... [wikipedia.org]
[1] https://en.wikipedia.org/wiki/Impeachment_of_Bill_Clinton
Re: (Score:2)
So you're saying he was impeached for one infraction? Compare that to today just to see how fucking stupid the comparison is.
I'm reminded a time that Obama swatted a fly during an interview and the greens got upset. That's sort of the comparison you're making here.
Re: (Score:2)
Clinton was known for renting out the Lincoln bedroom, and stealing porcelain. He wasn't the first corrupt president, wasn't the last, and wasn't the worst.
Is this like the algo trading stuff? Or an API? (Score:1)
> isn't this illegal?
It depends. If it really is just an API there might be legality problems. However if its about colocation where a subscriber gets a “closer” connection to the truth server publishing the info, that might be legal. The later sounds like what the algorithmic traders are doing. Get a close connection to AP and other news agency lines.
Re:Is this like the algo trading stuff? Or an API? (Score:5, Insightful)
That is a horrible answer and I suspect you don't know any more about the law than anyone else here.
The only correct answer to the question is this: "If it isn't illegal, it should be."
Same answer for selling pardons, for spending half the president's time at his own golf resort so he can charge the government to house the secret service there, for accepting lavish gifts from governments and corporations, for trading stocks based on government deals, for making government deals contingent upon business deals with the family, for loaning Pentagon money to the family, for placing spurious tariffs on businesses, for abducting people who have committed no crime and deporting them with no due process, for exporting people to dangerous foreign prisons, for starting wars without Congressional approval, for. . .Jesus fucking Christ do I need to continue?
HOW FUCKING STUPID ARE YOU TO CONTINUE DEFENDING THIS MAN?
Your whole "derp ber derp, It depends blah blah blah" is just an obvious stupid troll way of continuing to defend this moron who you have been defending on this forum for years. You are not being nuanced, you are not being clever. You fell for a wannabe despot and that was an extremely stupid thing for you to do. Continuing to defend him just makes you it obvious how much of an idiot you really are. What level of corruption is necessary for you to admit that you made a mistake?
Re: (Score:1)
> HOW FUCKING STUPID ARE YOU TO CONTINUE DEFENDING THIS MAN?
Actually you are projecting your bias, merely the opposite side of the same coin you imagine.
In reality, the man does not matter, either the action is legal or it is not.
Re: (Score:2)
It is completely illegal. Here's how:
The Domestic Emoluments Clause (a.k.a. the Presidential Emoluments Clause) (art. II, 1, cl. 7):
“The President shall, at stated Times, receive for his Services, a Compensation which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”
That's written in the basic US law, which TRUMPs any other laws.
Re: (Score:2)
Illegal? Can you honestly believe that administration even knows what is legal or illegal? Or that they care? And besides, even if it were illegal, who would prosecute them? The Justice Department?
This is the same Justice Department not prosecuting the Epstein League of Misanthropes. It used to be that judges would assume "regularity" from the JD. That term in this context means the judges would assume the JD was acting in good faith and could be relied upon not to lie. Regularity is no longer assumed by ju