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207

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

submitted 22 hours ago* (last edited 22 hours ago) by otter@lemmy.ca to c/technology@lemmy.world

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I think this article and headline does a poor job of explaining the wider context around this one.

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.

For firms, a delay of even seconds can be costly. Until now, banks and traders had to monitor the app manually. The new system will send posts directly to paying clients.

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[–] FlashMobOfOne@lemmy.world 41 points 17 hours ago

This has always been a thing, and we know it definitively from the Epstein files, as several of the declassified emails show that Epstein met with heads of state to discuss how to maximize their own timing of anticipated market events, like the 2008 crash.

Prediction markets and Donald's own corruption have just made it a publicly normalized thing.