Or insider trading as a service…
https://infosec.exchange/@briankrebs/116959137948884825
Banks can now get [early] access to insider trading information, straight from the POTUS’s mouth. For a fee, of course. Axios reports Trump Media has already signed several customers ahead of the Aug. 1 launch, including financial news organizations and high-frequency trading firms.
A letter from Sen. Mark Warner (D-Va) to the financial services industry urges banks to reject Truth Social’s new service that would offer advance access to the president’s posts on the platform.
"In a letter to the presidents of Bank Policy Institute, Securities Industry and Financial Markets Association, Managed Funds Association, Financial Services Forum, Principal Traders Group, and American Bankers Association, Sen. Warner wrote, “I write regarding Trump Media & Technology Group’s (TMTG) announcement that it will begin offering financial institutions and other users the option of paying TMTG for prioritized delivery of posts from President Trump (and other Truth Social accounts as determined by TMTG). This arrangement presents a serious risk to market integrity, creates a clear and unacceptable pathway for corruption, and undermines public confidence in the fair dissemination of market-moving government information – a crucial factor in maintaining stable and trustworthy financial markets.”
“Sen. Warner explained that, according to TMTG, the Truth API will provide select paying customers with advance access to posts from top Truth Social accounts, a list that includes the president’s, faster than regular users receive push notifications or can manually monitor Truth Social. Trump Media has said the service is specifically designed for organizations “most impacted by the cost of a delay in information,” including algorithmic trading firms, and customers have already signed up for the service, which it has reportedly offered for $100,000 per month.”
Ah so you’re talking to non-fascist Americans who aren’t deeply disturbed and depressed by what’s going on? Cool, I guess I’m actually the only one feeling that way. I sure love the Internet because it brings the world together! Any time I like a thing or feel camaraderie with my fellow humans, here’s the Internet to dissolve those silly notions. Thanks and have a great night on that high horse of yours! I’ll sleep super well tonight knowing that no matter how I feel about my country, many people are out there despising me and lumping me in with literal fascists. ❤️❤️❤️
On a non sarcastic note, I remember the early Internet and how I usually met random people from other countries who were lovely and didn’t despise me for things the oligarchs did against my will. Sure miss those days because they are dead and gone and I honestly cannot even imagine anything like that happening now.