How a false X post about pausing tariffs led to multitrillion-dollar market swings
text.npr.org

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?

  • llii@discuss.tchncs.deEnglish
    95·
    6 days ago

    About a minute later, it was posted by the X account “Walter Bloomberg,” which has more than 850,000 followers. Although the account is not affiliated with Bloomberg News, it often shares the news organization’s headlines. The account’s boosting of the false headline prompted chatter among CNBC analysts on live television about a possible 90-day reprieve from Trump’s tariffs.

    This ist the dumbest fucking timeline.