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.
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.
Isn’t this one big case of insider trading?
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.
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.