Donny done a lot of things that I consider illegal and for the most part got away with it….but his latest idea I think goes a bit too far….
You knbow that our idiot Donny has his own social media, right? It is called Truth Social and he spends every waking hour on it and degrade something or someone…..now he is giving instant acdcess to certain people….
President Donald Trump’s media company is launching a new product that will allow banks and financial traders to access Truth Social’s data at the “fastest” speed for a fee, giving them exclusive real-time access to posts that may affect the markets, as Trump’s posts frequently do.
The product is known as “Truth API,” and Trump Media & Technology Group, which runs Truth Social plans to leverage it into a “meaningful source of revenue for the company,” said interim CEO Kevin McGurn.
“Markets already move on Truth Social posts,” McGurn said. He also added that the company hopes to “create a lot of friction” for firms that have already been scraping Truth Social data, which the company says is against its terms of service.
The new product comes as the Trump administration faces scrutiny over potential insider trading, spurring the White House to send a warning to staff discouraging them from making bets related to the U.S. and Israel’s war on Iran on prediction markets. This followed reports of unusual activity surrounding bets before the start of the war, which came unannounced, during which traders placed over $500 million in bets on the war starting as well as $950 million in bets on oil prices.
Trump himself is also under scrutiny for questionable trading activity. In an analysis published Thursday, CNN documented over 20 times in which Trump promoted companies just days after buying stock in them. Breaking from prior presidencies, Trump’s assets aren’t in a blind trust, which means that he can see stock trades being made in his portfolio — and could, consequently, be manipulating markets for personal gain. Last year alone, managers of Trump’s assets made over 20,000 stock trades.
“This is why we’ve long said government officials should not be able to trade stock while they’re in office,” said Dylan Hedtler-Gaudette, interim vice president of policy and government affairs for the Project on Government Oversight, to CNN. “That definitely applies to the president and the disproportionate power of that office.”
This, to me, is basically saying that insider trading is okay as long as you use Donny’s magic site…..
Do you feel me on this or am I being overly critical?
I Read, I Write, You Know
“lego ergo scribo”
Of course it is not legal. Nothing that toad has done since taking office has been legal, including insider trading. But nobody has the guts to stop him or call him out for it, so why should he care?
Best wishes, Pete.
Yup! The whole lot are FAR more interested in kissing the toad’s big ass than they are any kind of ethics. 😗😗😗
So sad that there is NO nuts left in DC……chuq
Not being over critical, not being honest enough about the crook in the highest office in the land, but zi don’t blame you as he us the most vindictive person I know.
It is time for all Americans to become more vindictive…..stop all this ‘work together’ bullshit and go for the jugular. chuq
It absolutely is not legal. It is in direct violation of several federal laws and SEC regulations. But with the Trump crime family in control of the White House, the DOJ, SCOTUS, the FBI. and those sniveling cowards in Congress, nothing will be done about it.
I know…..time to put a target on all those twats at DHS and the White House…..make them pay for this corruption. chuq