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A comment on Ex-Twitter exec blows the whistle, alleging reckless cybersecurity policies. Parent comment

Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by btown on Tuesday August 23, 2022 @11:56AM (#32566822)
A well-timed set of tweets from compromised government and private-sector accounts, coordinated with real stock market activity planned by the attacker such that investors cannot ignore the rumors, could cause a geopolitically significant market panic. This already happened in 2013, and that was with just a single account being compromised: https://business.time.com/2013/04/24/how-does-one-fake-tweet...
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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by nradov on Tuesday August 23, 2022 @04:39PM (#32571166)
In the long run that would be a good thing. It would be an object lesson that investors shouldn't believe anything they read on social media.

Investors always have the option to ignore rumors.

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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by Sebb767 on Tuesday August 23, 2022 @06:37PM (#32572507)
But investors also need to be quick to react if they want to make (serious) money. Ignoring a tweet from a verified account about a disastrous event is not reasonable at all in 99.9% of cases.

What I'm trying to say is, you might be able to discredit Twitter, but you won't fix investors trying to invest ahead of the news.

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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by nradov on Tuesday August 23, 2022 @10:14PM (#32574231)
Bullshit. By many measures Warren Buffett is the most successful investor of our time. He is famous for being slow to react, and he has made some serious money. So I think you don't understand investing.

And if some investors lose money then so what? That is an acceptable outcome. Let them suffer, I have zero sympathy.

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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by datavirtue on Tuesday August 23, 2022 @02:02PM (#32568672)
OK, Twitter needs regulated then. Hardly a private going concern if you are right.
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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by gopher_space on Tuesday August 23, 2022 @02:24PM (#32569008)
This won't fix the fragility of our economy. It would start a weird exit model for social platforms, though. Get big enough that the US buys you out.
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Re:Ex-Twitter exec blows the whistle, alleging reckless cybe... by datavirtue on Tuesday August 23, 2022 @02:57PM (#32569572)
Our economy is not fragile.
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