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Online Presence For Physicians: Appropriate Use Of Social Media

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Our interactions and presence on social media have continued to
increase, especially during the pandemic when the need and desire
to stay connected with one another has been heightened. Many
professionals, including physicians, use social media in their
practice as an effective tool to communicate and interact with
colleagues and patients, market their practice and their business,
and to share content and information with a broad audience. Along
with the opportunities for networking, business development and
socializing that social media presents, there are also risks
associated with its use by physicians and other professionals. It
is important for physicians and other professionals to understand
the risks associated with their online presence and ensure that
their behaviour and actions on social media are in line with the
professional, legal and ethical obligations of their
profession.

Guidance from the CPSO: Should physicians be active on social
media?

The College of Physicians and Surgeons of Ontario (CPSO)
recognizes the benefits and opportunities that the participation in
social media provides to physicians, including the enhancement of
patient care, medical education and the fostering of collegiality
among fellow physicians and health professionals. However,
physicians continue to be expected to comply with all professional
obligations, including legal obligations, ethical obligations, and
CPSO policies, when creating an online presence and engaging in the
use of social media. These professional, legal, and ethical
obligations must be upheld at all times.

The CPSO has published guidelines to assist physicians with
ensuring that their presence online and their use of social media
complies with their professional obligations. A selection of these
guidelines are as follows:

  • Assume all content on the internet is public
  • Ensure compliance with legal and professional obligations to
    maintain patient privacy and confidentiality
  • Refrain from providing clinical advice to patients through
    social media
  • Protect your reputation, the reputation of the profession and
    public trust
  • Refrain from establishing personal connections with patients or
    people who are closely associated with patients

The CPSO has published several other guidelines with respect to
the use of social media which can be found here.

Best practices for physicians when engaging on social
media

Considering the guidelines of the CPSO outlined above, it may be
helpful for physicians to consider the following best practices
when using social media and creating their online presence:

Uphold Moral Principals and Integrity

As a professional, it is very important to ensure that
integrity, morals and ethics are upheld at all times, including
online. As the CPSO indicates in its guidelines for the use of
social media, it is strongly advised that physicians refrain from
providing clinical advice to specific patients through social
media.

Social media is a great tool to use for the dissemination of
general medical or health information for educational or
informational sharing purposes. When sharing information on social
media, it is important to ensure that physicians are very clear
that their posts are not intended as medical advice and that they
are not providing a medical opinion. It may also be helpful to
indicate the basis of the information that is being shared, whether
based on scientific studies, professional experience or personal
opinion.

Ensure Patient Privacy is Protected

Trust is essential to a sound patient-physician relationship.
Physicians have a statutory obligation to protect and maintain
patient privacy and confidentiality. The Personal Health
Information Protection Act
(PHIPA) places unique
responsibilities on individuals that control and collect health
information, and requires health information custodians, including
physicians, to take steps that are reasonable in the circumstances
to ensure that personal health information in the custodian’s
custody or control is protected against theft, loss and
unauthorized use or disclosure. When posting to social media, the
duty of privacy and confidentiality must be maintained at all
times, by ensuring that any posts that are made have been clearly
removed of any identifying information. Physicians must not post
identifiable patient information or images to social media. It is
possible for an unnamed patient to be identifiable through minimal
information such as the area of residence or a description of the
patient’s condition. Failure to protect patient health
information and comply with the requirements under PHIPA may result
in a host of liability issues, including significant fines and
disciplinary action by the College.

Maintain Professionalism

Physicians have an obligation to maintain professionalism and
act in a manner that upholds the professional standards and ethics
of the medical profession. Whether the physician is interacting in
person or online, such professionalism expectations remain the same
in all scenarios. Inappropriate behaviour on social media,
including the publishing of offensive or damaging statements, may
have the effect of bringing the professionalism of the physician
into question. This in turn could serve to weaken the public’s
opinion of the physician and of the profession itself. Physicians
who engage in the use of social media should ensure that all
communications are professional and are in line with the
expectations and obligations of the profession.

Additionally, as the CPSO suggests in its guidelines, physicians
should refrain from establishing personal connections with patients
online. If the physician receives a request on his or her personal
social media page, the physician may consider guiding the patient
to connect on their professional social media page, or to contact
the office. Forming personal connections with patients may blur
professional boundaries and compromise the physician’s ability
to remain objective.

Social media platforms have created opportunities for physicians
to increase professional and patient engagement, to advocate for
the profession and to build and maintain connections with
colleagues, peers and the public. It is important for physicians to
understand the risks associated with the improper use of social
media and to always be mindful that their legal, professional and
ethical obligations also extend to their online presence.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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Arizona man accused of social media threats to Trump is arrested

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Cochise County, AZ — Law enforcement officials in Arizona have apprehended Ronald Lee Syvrud, a 66-year-old resident of Cochise County, after a manhunt was launched following alleged death threats he made against former President Donald Trump. The threats reportedly surfaced in social media posts over the past two weeks, as Trump visited the US-Mexico border in Cochise County on Thursday.

Syvrud, who hails from Benson, Arizona, located about 50 miles southeast of Tucson, was captured by the Cochise County Sheriff’s Office on Thursday afternoon. The Sheriff’s Office confirmed his arrest, stating, “This subject has been taken into custody without incident.”

In addition to the alleged threats against Trump, Syvrud is wanted for multiple offences, including failure to register as a sex offender. He also faces several warrants in both Wisconsin and Arizona, including charges for driving under the influence and a felony hit-and-run.

The timing of the arrest coincided with Trump’s visit to Cochise County, where he toured the US-Mexico border. During his visit, Trump addressed the ongoing border issues and criticized his political rival, Democratic presidential nominee Kamala Harris, for what he described as lax immigration policies. When asked by reporters about the ongoing manhunt for Syvrud, Trump responded, “No, I have not heard that, but I am not that surprised and the reason is because I want to do things that are very bad for the bad guys.”

This incident marks the latest in a series of threats against political figures during the current election cycle. Just earlier this month, a 66-year-old Virginia man was arrested on suspicion of making death threats against Vice President Kamala Harris and other public officials.

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Trump Media & Technology Group Faces Declining Stock Amid Financial Struggles and Increased Competition

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Trump Media & Technology Group’s stock has taken a significant hit, dropping more than 11% this week following a disappointing earnings report and the return of former U.S. President Donald Trump to the rival social media platform X, formerly known as Twitter. This decline is part of a broader downward trend for the parent company of Truth Social, with the stock plummeting nearly 43% since mid-July. Despite the sharp decline, some investors remain unfazed, expressing continued optimism for the company’s financial future or standing by their investment as a show of political support for Trump.

One such investor, Todd Schlanger, an interior designer from West Palm Beach, explained his commitment to the stock, stating, “I’m a Republican, so I supported him. When I found out about the stock, I got involved because I support the company and believe in free speech.” Schlanger, who owns around 1,000 shares, is a regular user of Truth Social and is excited about the company’s future, particularly its plans to expand its streaming services. He believes Truth Social has the potential to be as strong as Facebook or X, despite the stock’s recent struggles.

However, Truth Social’s stock performance is deeply tied to Trump’s political influence and the company’s ability to generate sustainable revenue, which has proven challenging. An earnings report released last Friday showed the company lost over $16 million in the three-month period ending in June. Revenue dropped by 30%, down to approximately $836,000 compared to $1.2 million during the same period last year.

In response to the earnings report, Truth Social CEO Devin Nunes emphasized the company’s strong cash position, highlighting $344 million in cash reserves and no debt. He also reiterated the company’s commitment to free speech, stating, “From the beginning, it was our intention to make Truth Social an impenetrable beachhead of free speech, and by taking extraordinary steps to minimize our reliance on Big Tech, that is exactly what we are doing.”

Despite these assurances, investors reacted negatively to the quarterly report, leading to a steep drop in stock price. The situation was further complicated by Trump’s return to X, where he posted for the first time in a year. Trump’s exclusivity agreement with Trump Media & Technology Group mandates that he posts personal content first on Truth Social. However, he is allowed to make politically related posts on other social media platforms, which he did earlier this week, potentially drawing users away from Truth Social.

For investors like Teri Lynn Roberson, who purchased shares near the company’s peak after it went public in March, the decline in stock value has been disheartening. However, Roberson remains unbothered by the poor performance, saying her investment was more about supporting Trump than making money. “I’m way at a loss, but I am OK with that. I am just watching it for fun,” Roberson said, adding that she sees Trump’s return to X as a positive move that could expand his reach beyond Truth Social’s “echo chamber.”

The stock’s performance holds significant financial implications for Trump himself, as he owns a 65% stake in Trump Media & Technology Group. According to Fortune, this stake represents a substantial portion of his net worth, which could be vulnerable if the company continues to struggle financially.

Analysts have described Truth Social as a “meme stock,” similar to companies like GameStop and AMC that saw their stock prices driven by ideological investments rather than business fundamentals. Tyler Richey, an analyst at Sevens Report Research, noted that the stock has ebbed and flowed based on sentiment toward Trump. He pointed out that the recent decline coincided with the rise of U.S. Vice President Kamala Harris as the Democratic presidential nominee, which may have dampened perceptions of Trump’s 2024 election prospects.

Jay Ritter, a finance professor at the University of Florida, offered a grim long-term outlook for Truth Social, suggesting that the stock would likely remain volatile, but with an overall downward trend. “What’s lacking for the true believer in the company story is, ‘OK, where is the business strategy that will be generating revenue?'” Ritter said, highlighting the company’s struggle to produce a sustainable business model.

Still, for some investors, like Michael Rogers, a masonry company owner in North Carolina, their support for Trump Media & Technology Group is unwavering. Rogers, who owns over 10,000 shares, said he invested in the company both as a show of support for Trump and because of his belief in the company’s financial future. Despite concerns about the company’s revenue challenges, Rogers expressed confidence in the business, stating, “I’m in it for the long haul.”

Not all investors are as confident. Mitchell Standley, who made a significant return on his investment earlier this year by capitalizing on the hype surrounding Trump Media’s planned merger with Digital World Acquisition Corporation, has since moved on. “It was basically just a pump and dump,” Standley told ABC News. “I knew that once they merged, all of his supporters were going to dump a bunch of money into it and buy it up.” Now, Standley is staying away from the company, citing the lack of business fundamentals as the reason for his exit.

Truth Social’s future remains uncertain as it continues to struggle with financial losses and faces stiff competition from established social media platforms. While its user base and investor sentiment are bolstered by Trump’s political following, the company’s long-term viability will depend on its ability to create a sustainable revenue stream and maintain relevance in a crowded digital landscape.

As the company seeks to stabilize, the question remains whether its appeal to Trump’s supporters can translate into financial success or whether it will remain a volatile stock driven more by ideology than business fundamentals.

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