Multi-trillion-dollar stock market swings on Monday appear to have been set off by false reports on Elon Musk’s X. Experts say the episode highlights the social media site’s enduring relevance, even as it helps amplify falsehoods.
How did it happen?
Multi-trillion-dollar stock market swings on Monday appear to have been set off by false reports on Elon Musk’s X. Experts say the episode highlights the social media site’s enduring relevance, even as it helps amplify falsehoods.
How did it happen?
It’s kind of frightening that people who control that much capitol are apparently unaware that social media is not gospel truth.
Not just that, but “Reuters and CNBC reported it” as well. It snowballed from X to mainstream news then back to X again and back to people talking in “reputable” news again, again and again.
At this point I’m wondering just how much if any that mainstream for-profit media is any better than X at reporting anything at all.
That’s the neat part.
Ever since ‘journalism’ has been reduced to reposting social media posts, there is very little reputation to be had.
especially reposting only X, AND TRUTH SOCIAL post.
Perhaps especially after this.
It’s not. Which is why I’ve barely paid any attention to it in my entire adult life.
They probably care less about whether it is true, and more about whether they can get their buy in before everybody else.