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?
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.
It’s kind of frightening that people who control that much capitol are apparently unaware that social media is not gospel truth.
They probably care less about whether it is true, and more about whether they can get their buy in before everybody else.
It was a pump-and-dump scam, I’m almost sure of it.
Someone made millions off of that Xeet.
Someone made millions off of that Xeet.
I prefer to call them Xcrements
Xat
In statements to NPR, Reuters said it has withdrawn the incorrect report, blaming a headline published on CNBC. When asked for comment, CNBC said it “aired unconfirmed information in a banner,” which it “quickly” corrected.
What in the absolute fuck?
Market manipulation
…by whom? A random Twitter user? CNBC? Reuters?
these are the people who are leading us into a recession… they fall for a fucking random tweet…
Maybe it was deliberate cause it’s all a big game.
Actually, the tweet was accurate.
You’re so full of shit, this isn’t a recession.
This is a proper depression, just like the last time people fucked with tariffs.
2025 and people are still treating X as a source of information.
youtube comments section has more reliability than what Twitter ever did
X where are all musk bros, and trumpers are the one holding the bags.
What was that they said during the stupid reddit thingy with stock markets? “It’s not a casino”?
I mean kinda. Except that the odds are actually stacked in your favor.
Isnt that blatant market manipulation? Rule of law is thing in the past now.
I saw the video. A reporter asked if the president would consider a 90 day pause and the white house guy responds with “yeah, well, you know, the president is going to do what he wants to do.”
But the first thing out of the fucking guys mouth was “yeah”. So of course the reporter is going to run with it when it was literally just a filler word cuz the dude didn’t know how to answer the question.
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