Truth Social is owned by Trump Media & Technology Group (TMTG), a publicly traded American company majority-owned by the Donald J. Trump Revocable Trust.
Insider trading is illegal when it involves trading securities based on material, nonpublic information (MNPI) in breach of a fiduciary duty or trust.
Now, the reason these two facts are important. Donald Trump’s media company, Truth Social, is offering a $100,000 per month subscription news feed that includes his presidential posts milliseconds faster than standard push notifications or public news feeds. His claim is that this is not insider trading as the information is being provided “the moment” it becomes publicly available. A person whose MAGA hat hadn’t cut the blood flow to his brain might ask, “Why would anyone pay $100,000 per month for a millisecond (or so) advantage?”
In the A.I. answer to the question of, “Can information timing in milliseconds be financially advantageous to large investors, the answer is: “Yes, information timing in milliseconds is a major financial advantage. Large investors and specialized firms use ultra-fast systems to achieve this edge through:
• Latency arbitrage: Catching price differences across different exchanges before they disappear.
• Front-running: Detecting large incoming orders and trading ahead of them.
• News processing: Reading breaking data feeds or social media posts milliseconds faster than competitors to trade on the price swing.”
The ever-devious mind of our corrupter-in-chief is trying to use the nuance that since the information becomes public in short order, it does not meet the “trading of non-public” confidential information. For those of us who didn’t just fall off the turnip truck, Donald Trump has created an unfair, two-tiered system that monetizes government communications. Truth be told, it is really a three-tiered system because his family and friends already had advance notice and made their deals and trades long before any Truth Social proclamation.
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