this post was submitted on 10 Apr 2025
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[–] LordCrom@lemmy.world 218 points 6 days ago (5 children)

Isn't this one big case of insider trading?

[–] LuxSpark@lemmy.cafe 119 points 6 days ago (1 children)

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

[–] cronenthal@discuss.tchncs.de 16 points 6 days ago

This is exactly it.

[–] neuracnu@lemmy.blahaj.zone 82 points 6 days 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 49 points 6 days 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 5 days 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 5 days 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 22 points 6 days 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 6 days 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 6 days ago

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

[–] AA5B@lemmy.world 4 points 5 days 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