They probably care less about whether it is true, and more about whether they can get their buy in before everybody else.
Comment on How a false X post about pausing tariffs led to multi-trillion-dollar market swings.
ogmios@sh.itjust.works 4 weeks ago
It’s kind of frightening that people who control that much capitol are apparently unaware that social media is not gospel truth.
Zink@programming.dev 4 weeks ago
OpenStars@piefed.social 4 weeks ago
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 4 weeks ago
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 4 weeks ago
Perhaps especially after this.
Ledericas@lemm.ee 4 weeks ago
especially reposting only X, AND TRUTH SOCIAL post.
shortwavesurfer@lemmy.zip 4 weeks ago
It’s not. Which is why I’ve barely paid any attention to it in my entire adult life.