Why would anyone want to pay that much for something, unless it gives them some edge.
I don't know if it is still a thing, but in the world of penny stocks and crypto there used to be subscription pump and dump channels, where influencers would charge $x / month, and coordinate pumps. "Signal" channels, as they were named.
This can't be too different. If not even more straight forward insider stuff.
Either that, or it is just another way to bribe your way closer to Trump.
Business idea for Trump: Sell access to his Truth Social posts, but bake in some latency. Those that pay most, will get to see the posts first (via API). Then after X minutes of posting the posts will go live for everyone to see. How fast you want to see the post between publishing and public access, depends on how much you want to pay. The less latency, the more you need to pay.
If I had to venture a guess (and full disclosure I’m not currently working in the space, and am not privy to conversations about actually buying this product), the 100k/m for whatever the contract duration is relatively low stakes to see if there’s utility in the data. Since there is no historical data the only real option is to buy, see if it makes a difference, and dump the product at the end of the contract if it doesn’t move the needle.
The seller is trying to push upfront sales by suggesting “These guys are doing it, and if you want to keep an edge you need to too”, (and journalists wanting to write about how corrupt this shit is are eagerly picking this up and boosting the signal by writing these sorts of articles).
In 5-6 months I suspect the consumer number to be down to 1-2 from the original batch, and those who are still paying will probably be doing so because the fact that the contract exists will probably slip through the cracks.
There is plenty of historical data, $100k is a steal for as long as situations like Iran persist. And now he is incentivised to ensure they do persist. Our fearless leader, ladies and gentlemen.
That is only if there’s a direct correlation to price movements starting after he opens his yap on Truth Social (which, within this administration there is plenty of insider trading so the movement may pre-date the social media post).
I suspect, having worked in this space for quite a while, that this specific data, faster, is useless and that there are other signals that indicate something is coming before it ends up on social media (esp TS).
Yes, there is historical data about prices moving after TS posts, but what I’m arguing is paying to get it ‘faster’ may not be worth anything if you can achieve that same end (knowing something is happening) through previously established channels.
Even if it doesn't give any edge in terms of using the data, just paying money into Trump in more ways (i.e. a quasi-legal bribe) is enough of a benefit that I doubt many will drop it.
This is a lot cheaper of a bribe than i.e. the gold plaque Tim Apple gave to Trump too.
The trading firms don’t really get anything from bribing Trump. That’s not to say hedge funds don’t want to tickle the big guy’s ego, but they don’t need “faster data” in most cases.
It’s less directly beneficial than most people think it will be.
I think you’re missing the point. The payment is for early access. The posts don’t go live for everyone else until after a delay.
This isn’t some penny stock group. It’s the president of the USA who has command of the largest army in the world and signals his intentions to make governmental moves with a large impact on the markets via these posts.
Completely ignorant here, and I don't want to ask an AI (I don't trust them on these issues). Could you give me an example how you can make money with this information?
Again, question as someone who doens't live in the US so I am not used how you can profit from this. I guess it may be because a war may impact the market and you can invest (or the opposite) with this, but in my mind bombing Iran wouldn't move the market by much (the consequences would, but by then everyone is on the same page).
Iran controls the straight of Hormuz, which is a key shipping channel for the world. It being open or not has an impact on all businesses which have to ship through it, which is a lot of them. Therefore it impacts the entire economy. The entire stock market goes up or down based on signals about the status of the war.
I'm also not the most smart there but there's this market thing of "futures", where I can say I'll buy 10 barrels for 10$ next month, then I can sell the "10 barrels for 10$" to others, if I know offer will be lower due wars, one can buy now and sell once it's lower, if it's going to have higher availability(or expectation of so), then there's those future things.
> Completely ignorant here, and I don't want to ask an AI (I don't trust them on these issues). Could you give me an example how you can make money with this information?
Place a Kalshi bet on the outcome of something that a Truth Social post just settled?
Aren't all the Iran announcements/bombings on weekends while the peace deals are announced before the markets open again? Or is that too much of a meme?
I don't know if it is still a thing, but in the world of penny stocks and crypto there used to be subscription pump and dump channels, where influencers would charge $x / month, and coordinate pumps. "Signal" channels, as they were named.
This can't be too different. If not even more straight forward insider stuff.
Either that, or it is just another way to bribe your way closer to Trump.
Business idea for Trump: Sell access to his Truth Social posts, but bake in some latency. Those that pay most, will get to see the posts first (via API). Then after X minutes of posting the posts will go live for everyone to see. How fast you want to see the post between publishing and public access, depends on how much you want to pay. The less latency, the more you need to pay.