9mo ago

Trump's 'buy' tip on social media before his tariffs pause made money for investors who listened

apnews.com Trump offers 'buy' tip on social media hours before tariff pause that made stocks soar

President Donald Trump posted on his social media platform Truth Social that it was "a great time to buy.” Less than four hours after his post, Trump announced a 90-day pause on nearly all his tariffs.

You're viewing a single thread.

72 comments

Isn't this one big case of insider trading?
- Well, yes. This is going to be one grift after another, with nazi stuff thrown in.
  
  This is exactly it.
- I believe so, but they're going to use the public tweet to argue that the tip was public. "It's not insider trading if it's all out in the open."
  Mafioso shit.
  
  That's honestly an interesting strategy. Trump is immune from the law so he can signal to his cronies using public social media posts and everyone walks away scott free
  
  And the worst case scenario for him is people start reading his drivel to get in on the grift
  
  “It’s not insider trading if it’s all out in the open.”
  It's market manipulation. Still a crime, though we all know nothing will be done about it.
- Insider trading is not illegal per se. It comes with various restrictions depending on who you are but they don't apply to everybody.
  This is just corrupt as shit, which is seemingly perfectly allowable.
- Insider trading is where the one doing the trade has insider information. This "tweet" ("Truth"?) cannot be insider information by definition.
  Could Trump administration figures do insider trading on the basis of more explicit insider information? Absolutely. Does this message prove any of that? No.
  
  Correct, not insider trading, just an egregious abuse of power justifying his removal from office.
- Plausible deniability - there was a public recommendation by a stable genius. Maybe people read his media site and follow his recommendations. Stranger things are happening every day
  And orangeboi made himself above the law

72 comments