this post was submitted on 07 Apr 2025
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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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[–] OpenStars@piefed.social 59 points 1 week ago (2 children)

Not just that, but "Reuters and CNBC reported it" as well. It snowballed from X to mainstream news then back to X again and back to people talking in "reputable" news again, again and again.

At this point I'm wondering just how much if any that mainstream for-profit media is any better than X at reporting anything at all.

[–] msage@programming.dev 19 points 1 week ago (2 children)

That's the neat part.

Ever since 'journalism' has been reduced to reposting social media posts, there is very little reputation to be had.

[–] OpenStars@piefed.social 3 points 1 week ago

Perhaps especially after this.

[–] Ledericas@lemm.ee 2 points 1 week ago

especially reposting only X, AND TRUTH SOCIAL post.

[–] shortwavesurfer@lemmy.zip 6 points 1 week ago

It's not. Which is why I've barely paid any attention to it in my entire adult life.