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?
…by whom? A random Twitter user? CNBC? Reuters?
Anyone who could make this news break would be in a position to steal unfathomable amounts of money in broad daylight, and get away with it.
I think we should always suspect bad actors in cases like this, and investigate thoroughly. It’s too easy of a scam with too much money to be made.
Maybe there is nobody to blame. But assuming so just seems incredibly naive to me considering the amount of bad actors and the ease of pulling a stunt like this.
They’d also have to be in a position to lose a ridiculous amount of of money in the extremely likely case that no one looks twice at their completely unsupported Tweet.
Should we look at it? Absolutely. Do I see any evidence? No. Literally anyone could have tweeted the same thing. The far more likely scenario, in my eyes, is that these news orgs saw this Tweet picking up traction from a bunch of idiots and couldn’t take the risk of being the last one to report the “news”, and so went ahead and reported completely unfounded non-sense anyway.
The White House is now such a mess I don’t know how organizations would even go about verifying this anyway. You can ask for an official statement and it’s just a random guess by someone these days, it’s not an official statement of policy.
Could be, but that’s on the White House, not the reporters. But the case here.
If you control social media, you also control who gets to see what in their feeds.
So you think Elon was behind this?
why not, hes losing billions in tesla right now, he probably also wants to make others who helped him recoup some lossess.
The question is not “why not”, the questions is “why do you think that?”
The only ones that do this are hedge funds. Adult Frat boys.
Okay, and what did the “adult frat boys” do, exactly?
Also worth noting that the White House has now confirmed the 90 day tariff freeze.
They do various schemes to manipulate and extract money from the free markets.
It’s not a conspiracy, they are quite open even with their methods, because they are… Bragging… About it.
Great, so you shouldn’t have any problem explaining exactly what they did?