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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