Steve HermanToday's real 'fake news' incident (which added $2.4 trillion in market value and erased it nearly as quickly) hopefully will be dissected in every journalism class and newsroom. https://www.cnn.com/2025/04/07/media/fake-news-x-post-caused-market-whiplash/index.html
"Changes to account verification on X, which were put into place after Musk purchased Twitter, make it even more difficult now for social media users and other information consumers to figure out which accounts and what information we should trust." https://www.npr.org/2025/04/07/nx-s1-5355055/tariffs-markets-x-social-media
StarkRG@w7voa Why are journalists still using X as a valid source of information?
Baron Vonskinnback@w7voa I wonder how much more of this the world will take before it finally recognises that a managed & fully accountable social media along with a proper rule of law on deliberate journalistic falsehoods misinformation and propaganda all hiding under the umbrella freedom of speech will finally be taken seriously...🤷♂️
Matt Palmer@Vonskinnback the US is in turmoil because it is being run by a petulant man-child who gleefully threatens anyone who disagrees with him, and your solution to the turmoil is that the government should have more power to punish those who engage in communication that the government dislikes?
@womble @w7voa so what would you do about it, because historically what would work is to implement oversight on private businesses to ensure they are not hurting the population which will be government operated, admittedly right now America can't do it because it's run by an absolute penis and his gaggle of fuckwits, but it doesn't stop the rest of the world implementing oversight on us media and social media businesses similar to what the EU is looking to do with Twitter...
FinchHaven sfba"(which added $2.4 trillion in market value and erased it nearly as quickly)"
1) who knew in advance?
2) who bought into the bottom of the runup as the first mention hit #X and was picked up by #CNBC?
3) who sold as soon as the tide seemed to hesitate and turn?
Do not think for one second that this was not anticipated by anyone
It all started on #Musk's X after all
HankBPump 'n dump is probably as old as traded contracts.
naught101@w7voa that first sentence is a corker. Apparently it's social media that's unreliable? And not the thousands of grown adults operating in the stock market and acting like idiots?
Class Wario@naught101 @w7voa Stock market is a collective fantasy
Sibshops@w7voa It's the Twitter tax.
Pete@w7voa Someone went long in the market and then shorted it and rode it back down. Too bad the SEC won't investigate the perps.
@w7voa Wondering the PolySci course, 'How to Not be a Good President'
GRASSY KNOWLES@w7voa DPRK has their "Dear Leader". Here in Canada we have our "Dear World Banker" : the Rt Hon the Prime Minister Mark Carney.
He is having a hard time choking back the temptation to call US Treasury as "junk bonds".
This isnt tsxas holdem. In the Global Village its contdact bridge. all the cards are dealt and no room for wild cards and chronic bluffers dont get partners. As a Canadian I bid 3 No Trump.
Toni M.