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How a false X post about pausing tariffs led to multi-trillion-dollar market swings. (text.npr.org)
submitted 2 months ago by Tea@programming.dev to c/technology@lemmy.world
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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?

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[-] llii@discuss.tchncs.de 94 points 2 months 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.

[-] prole@lemmy.blahaj.zone 33 points 2 months ago

What do you mean? I get my news from John Fox and Peter Newsmaxx

[-] yoshman@lemmy.world 11 points 2 months ago

You got your laptop from Tim Apple, right?

[-] Typhoonigator@lemmy.world 2 points 2 months ago

I got my jobs from Steve wait I did this wrong

[-] WindyRebel@lemmy.world 1 points 2 months ago

Tom BroFox and Peter JenNewsmaxx? Legendary newscasters.

this post was submitted on 07 Apr 2025
338 points (98.6% liked)

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