politics

Why would anyone have to sign up to Truth Social to see what he’s posted? Wouldn’t a single bot reposting it elsewhere do the job?

For the same reasons anyone signs up for Twitter, or Facebook, or Reddit, or Lemmy. Just to be a part of it. Or maybe to curry favor with Trump. Or because their job requires it if they're a reporter. Or because they think they'll somehow profit off it. Or because they're cult members. Any number of reasons. Whatever the reason, my main point is that if Trump wins the Presidency, Trump Social becomes the de-facto social media arm of the most powerful and influential nation on Earth, which automatically means it goes from an also-ran Twitter knock-off to one of the world's most important social media network. This alone absolutely will drive up user counts, and therefore ad revenue, and therefore Trump's profits.

It's corrupt as all hell and he'll face.....oh, wait......never mind. It's legal now.

I’m pretty sure Musk is on board to hand him back the POTUS Twitter handle and say any censorship or moderation would be unconstitutional and unpatriotic. Regardless of the result, probably. He will not care if Truth Social tanks if he’s got that.

I will bet all my money that if Trump wins the election, Twitter and Trump Social will merge, it will be bought out in some shady and highly illegal deal where the government grossly overpays for both of them and they both walk away making billions, while Trump declares it an official government act and avoids prosecution.

this is obviously someone jacking the price up to try to start a rally so trump can cash out before the election.

Gotta pay those lawyers they plan on using to overturn the election with something, and unlike the Habbas, Powells, and Giulianis, these lawyers want cash upfront.

Oil futures were down. Not actual oil.

An oil future in WTI makes you legally obligated to pickup the oil in West Texas or along its pipe network (most common pickup point is Arkansas IIRC).

So let's say you bought an oil future for $0 at $0 a barrel. And now 10,000 barrels of oil are waiting for pickup. And let's say you are a New York speculator and not actually someone with storage.

How do you get rid of the contract before you are penalized? Well, you sell it at -$10. But the guy who bought it for -$10 was also a New York speculator who thought the price couldn't go any lower.

By the end of the day, the speculators were selling the contract for -$40 a barrel, because the penalty for missing the pickup date is very heavy.

Eventually, some trucker 'Bought' the contract at -$40 and made free money as the trucker just had to go there and pick up the oil.