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Anonymous
More than 10 firms pay up to $(...) No.1529350
More than 10 firms pay up to $100,000 a month for fast access to Truth Social posts  No.1529350
https://www.bbc.com/news/articles/ce3q5nxpgk1o

>More than 10 customers have signed up to Trump Media's controversial service that offers faster access to market-moving posts made on its Truth Social platform.

>The service, Truth API, launched at the beginning of August and gives Wall Street traders first sight of posts from the social media site's most influential accounts.

>Its earliest customers are mostly in high-frequency trading firms who are being charged between $60,000-$100,000 (£44,000-£74,000) a month for the service, interim chief executive officer Kevin McGurn said during an earnings call.

>He was speaking after Trump Media reported a loss of $238m between April and June.

>The quarterly loss is more than 10 times the amount reported during the same period a year earlier, according to the Trump Media and Technology Group, and comes as the group branched into ventures unrelated to media, including cryptocurrencies.

>The group, which is yet to make a profit, says it will refocus on its social media mission.

>In July, it announced a plan to give Wall Street firms and institutional investors faster access to posts on Truth Social, where Trump frequently makes announcements. It has been viewed as a way to give subscribers an edge in trading stocks and other heavily traded assets.

>The move has prompted legal and ethical questions, including whether it is right that a company - of which the president's family remains the majority shareholder - stands to potentially profit from his own public statements.

>The new service is "expected to provide the company with a new revenue stream," Trump Media said in its earnings statement on Monday.

>The firm believes the service will develop into a "meaningful" and "durable" source of revenue, on top of the company's broader media strategy which includes advertising and digital assets, McGurn said.
>>
Anonymous
 No.1529352
 No.1529352
>Truth Media is also exploring opportunities with technology firms, news organisations and betting markets, he added.

>The BBC has contacted Trump Media and Technology Group for further comment.

>The company posted $1.7m in revenue, which it said was up 89% from the same period a year before, but suffered an overall loss due to the drop in cryptocurrencies.

>It added that it closed the second quarter with total assets of $2bn and financial assets of about $1.9bn, which includes cash, short-term investments and digital currencies.

>The group is expanding into areas including cryptocurrency holdings and clean-energy investments.

>Trump Media is more of a crypto holdings firm "wrapped around" a media company, and the bulk of its losses have come from that strategy, Markus Thielen, an analyst from 10x Research, told the BBC.
>The company is diversifying beyond its crypto business into areas such as social media, though those ventures have yet to generate significant revenue, Thielen said.

>Earlier this month, Trump Media scrapped plans for a project with Crypto.com to introduce prediction market features on the Truth Social platform.
>>
Anonymous
 No.1529359
 No.1529359
>>1529350
This is the textbook case of insider trading corruption.
More money to seize from trump after he's forced from office.
>>
Anonymous
 No.1529360
 No.1529360
>>1529359
McCarthy was right.
>>
Anonymous
 No.1529361
 No.1529361
>>1529360
Only if he targeted corrupt capitalist, but that would mean taking down his own right wing party.
>>
Anonymous
 No.1529372
 No.1529372
>>1529360
McCarthy was right in that there were Russian spies in the American government. Problem was he spent all his time chasing random Hollywood figures and labour officials while the KGB was happily combing through the CIA's files unabated.
>>
Victims of Liggeralism Memoria(...)
 No.1529373
 No.1529373
>>1529350
Tax the rich
>>
Anonymous
 No.1529383
 No.1529383
>>1529373
Sure, but we cannot tax on income what will we tax them on? Wealth in general? Assets? It's tricky and can be found illegal by a judge fast.
>>
Anonymous
 No.1529401
 No.1529401
>>1529383
>what will we tax them on?
Capital gains
>>
Anonymous
 No.1529402
 No.1529402
>>1529401
Capital Gayass.
>>1529383
Faster access to information as it were.
>>
Anonymous
 No.1529408
 No.1529408
>>1529373
California said with a 1% tax on millionaires they could solve the mental health crisis and get homeless off the street
https://en.wikipedia.org/wiki/California_Mental_Health_Services_Act
This was done in 2004
>>
Anonymous
 No.1529410
 No.1529410
>>1529408
Did it worked?
>>
Anonymous
 No.1529412
 No.1529412
Why are liggerals pretending to care about corruption? Didn't they support Joe Briben and Hunter Briben despite them looting billions from Ukraine and trafficking children?
>>
Anonymous
 No.1529416
 No.1529416
>>1529412
According to Democrats they didn't vote for Biden nor support Biden and he did nothing that they need to apologize for because at the end of his term things were OK-ish.
>>
Anonymous
 No.1529420
 No.1529420
>>1529416
Stop talking to yourself
>>
Anonymous
 No.1529435
 No.1529435
>>1529412
[citation needed]
It sounds like you just made that up.
>>
Anonymous
 No.1529521
 No.1529521
>>1529372
Or install a russian puppet as president, like they did with trump.
>>
Anonymous
 No.1529534
 No.1529534
>>1529416
They got mad at him for not forgiving college debts though.
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