Companies Are Buying Presidential Tweet Insurance

October 26, 2017 in Daily Bulletin

President Trump’s twitter account has drove the creation of a new industry wrote Chance Seales:

  • President Trump has a habit of criticizing on Twitter companies that displease him.
  • This often leads to a sharp decline in the stock price of the company.
  • Some insurance firms are now protection against become the target of a Presidential tweet.
  • One executive believes that a negative tweet from Trump should be addressed in the same way that an earthquake or flood might be.

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