Trump quietly rolls out new Truth Social grift

[Yo_Mama_Been_Loggin]

Source: Daily Beast

Donald Trump has discovered a way to cash in on his manic posting sprees on Truth Social, once again blurring the line between the presidency and his private business interests.

The billionaire president’s media company, Trump Media & Technology Group, announced Thursday that it will sell Wall Street firms faster access to market-moving posts.

Although Trump’s posts largely consist of late-night rants, racist memes, and recycled content, it is also his preferred venue for announcing policy decisions that regularly shake up Wall Street.

“Markets already move on Truth Social posts,” Kevin McGurn, Trump Media’s interim CEO, said in a statement, without explicitly mentioning Trump.




Read more: https://www.msn.com/en-us/news/politics/trump-quietly-rolls-out-new-truth-social-grift/ar-AA284yOy

[bsiebs]

1. This has got to be illegal...

[Whyisthisstillclose]

4. I love the ancient term "illegal". It was so quaint. A simpler time, wasn't it?

[Skittles]

5. I'm pretty sure almost everything he does is illegal

ya know?

[underpants]

2. Hold on, he's selling pre-access to his market manipulation?

[enough]

6. Yes, looks like he hasn't fully thought out the implications of the SCOTUS immunity decision.

He’ll TACO this within 36 hours.

[UpInArms]

3. It is grift in the open

And, if it isn’t illegal, it should be

[TommyT139]

7. Very clever - not just stock market gamblers will want in

...but if you have a company that might be mentioned by Trump, you pretty much have to buy in, at least to have warning that your stock is going to tank or whatever.

[underpants]

8. Yeah. That too.

[FakeNoose]

10. Yeah when they say "banks" they really mean Wall St. brokers

That's all this is, trying to get a jump on everyone else.

Even a tenth of a second makes a difference, if you can believe it.

[MW67]

9. Gonna

Have a good laugh when he inevitably burns them all ,after baiting them in and giving them inside information. Get ready for a huge market crash and The Great Depression 2.0

[Skittles]

11. it's not "BLURRING THE LINES"

it is OUTRIGHT FUCKING CORRUPTION

[cliffside]

12. Appears some people were in the know earlier, there was a large surge in volume on 6/26 ... ...

and the stock gained 7% that day.

https://www.cnbc.com/quotes/DJT

Initially in 2021 the stock traded as DWAC, Digital World Acquisition Corporation, nice name.

https://en.wikipedia.org/wiki/Digital_World_Acquisition_Corp.

"On October 20, 2021, DWAC and Trump Media & Technology Group (TMTG) announced that they had entered into a definitive merger agreement that would combine the two entities, allowing TMTG to become a publicly traded company. DWAC was created with the help of ARC Capital, a Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of U.S. Securities and Exchange Commission (SEC) investigations for misrepresenting shell corporations.[6][7][8] Some investors were surprised to learn that their investment money was being used to finance a Trump company.[9] In 2021, the DWAC Trump venture was linked with another company, China Yunhong Holdings, based in Wuhan, Hubei,[10][11] until its lead banker who was running the merger promised to sever ties with China in December 2021, stating that Yunhong was to "dissolve and liquidate".[12][13] In February 2022, Reuters reported that the connection between Shanghai-based ARC Capital and Digital World was more extensive than thought, with ARC having offered money to get the SPAC off the ground.[13]"

[Shipwack]

13. Wait. You're telling me that...

There was market manipulation around a scheme to announce market manipulation?


Truly he has a dizzying intellect…

Now where were we…

Australia!

[cliffside]

15. LOL appears that way nt

[genxlib]

14. Like many conmen...

They seem to realize the real money is leading other people to the grift for a fee.