Re:Negative/hate tweets will be max deboosted and demonetized
by ALittleLight on Friday November 18, 2022 @05:54PM
(#33663873)
I've seen a lot of people comment, especially on Twitter, about "The checkmark fiasco that wiped billions off corporate ledgers on a friday" - but it's completely untrue.
Eli Lilly was the pharmaceutical company that attracted the most attention. Their stock was down 4% the day of a fake tweet. But pharmaceutical companies were down generally that day, some as much or more than Eli Lilly. Lots of companies had fake tweets written about them - some had good days on the stock market, some had bad - almost like stock market prices are a random walk day to day, sometimes up and sometimes down.
From a common sense perspective it's pretty implausible that an obviously fake tweet could shift market perceptions by billions of dollars. I don't think that really happened at all.
I also don't see why advertisers would care about the office lockout or layoffs. Advertisers certainly don't want their ads running next to offensive content, but if Musk can control that - why should advertisers pull out?
Eli Lilly was the pharmaceutical company that attracted the most attention. Their stock was down 4% the day of a fake tweet. But pharmaceutical companies were down generally that day, some as much or more than Eli Lilly. Lots of companies had fake tweets written about them - some had good days on the stock market, some had bad - almost like stock market prices are a random walk day to day, sometimes up and sometimes down.
From a common sense perspective it's pretty implausible that an obviously fake tweet could shift market perceptions by billions of dollars. I don't think that really happened at all.
I also don't see why advertisers would care about the office lockout or layoffs. Advertisers certainly don't want their ads running next to offensive content, but if Musk can control that - why should advertisers pull out?