this post was submitted on 10 Apr 2025
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[–] LordCrom@lemmy.world 217 points 10 months ago (5 children)

Isn't this one big case of insider trading?

[–] LuxSpark@lemmy.cafe 118 points 10 months ago (1 children)

Well, yes. This is going to be one grift after another, with nazi stuff thrown in.

[–] cronenthal@discuss.tchncs.de 15 points 10 months ago

This is exactly it.

[–] neuracnu@lemmy.blahaj.zone 81 points 10 months ago (2 children)

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.

[–] CmdrShepard42@lemm.ee 48 points 10 months ago (1 children)

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

[–] AA5B@lemmy.world 2 points 10 months ago

And the worst case scenario for him is people start reading his drivel to get in on the grift

[–] Doctor_Satan@lemm.ee 8 points 10 months ago

“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.

[–] atzanteol@sh.itjust.works 21 points 10 months ago

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.

[–] mkwt@lemmy.world 10 points 10 months ago (1 children)

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.

[–] meyotch@slrpnk.net 19 points 10 months ago

Correct, not insider trading, just an egregious abuse of power justifying his removal from office.

[–] AA5B@lemmy.world 4 points 10 months ago

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