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pelespirit@sh.itjust.works

Trump Media to sell fast feed of 'market-moving' posts to Wall Street (www.bbc.com)

submitted 2 months ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts.

From 1 August, instant updates will be delivered from "the highest-ranking" accounts, it said. US President Donald Trump currently has the most followers on the platform.

The company behind the app hopes it will create a steady new source of money for the firm which is currently loss-making.

It is likely to be aimed at financial traders who want to see market-moving news fast. Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tariffs.

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[–] pelespirit@sh.itjust.works 2 points 2 months ago (1 children)

This is infuriating. Of course this is another way for trump to pull in bribes to make the market go one way or another. BBC, you suck for going along with this.

[–] krakenfury@lemmy.sdf.org 2 points 2 months ago (1 children)

Dunno if I characterize their reporting as "going along" with it. They are just giving the facts on the matter.

But this is fucking absurd and overtly corrupt, like everything he, his family, and his administration are doing. The Supreme Court or Congress could do something about it, but they're the ones going along.

[–] pelespirit@sh.itjust.works -1 points 2 months ago

They could give another explanation and not make it sound like it's normal. For example:

Trump Media to sell fast feed of 'market-moving' posts to Wall Street - Experts warn that this could be selling ways to influence the markets

They don't even have to use the word bribe.