Comment on How a false X post about pausing tariffs led to multi-trillion-dollar market swings.

• cabbage@piefed.social ⁨1⁩ ⁨week⁩ ago

  Yeah. Money is not lost in finance markets, it is redistributed. Reading any of this as random and/or unintentional is beyond naive.

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  • drosophila@lemmy.blahaj.zone ⁨1⁩ ⁨week⁩ ago

    IDK, it wouldn’t be the first time a news org published some random shit as fact because they’re too eager to be the first to report on something.

    sfgate.com/…/KTVU-producers-fired-over-Asiana-pil…

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  • SouthEndSunset@lemm.ee ⁨1⁩ ⁨week⁩ ago

    Redistributed up.

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    • prole@lemmy.blahaj.zone ⁨1⁩ ⁨week⁩ ago

      I prefer “siphoned”.

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• Ulrich@feddit.org ⁨1⁩ ⁨week⁩ ago

  …by whom? A random Twitter user? CNBC? Reuters?

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  • cabbage@piefed.social ⁨1⁩ ⁨week⁩ ago

    Anyone who could make this news break would be in a position to steal unfathomable amounts of money in broad daylight, and get away with it.

    I think we should always suspect bad actors in cases like this, and investigate thoroughly. It's too easy of a scam with too much money to be made.

    Maybe there is nobody to blame. But assuming so just seems incredibly naive to me considering the amount of bad actors and the ease of pulling a stunt like this.

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    • Ulrich@feddit.org ⁨1⁩ ⁨week⁩ ago

      Anyone who could make this news break would be in a position to steal unfathomable amounts of money in broad daylight, and get away with it.

      They’d also have to be in a position to lose a ridiculous amount of of money in the extremely likely case that no one looks twice at their completely unsupported Tweet.

      Should we look at it? Absolutely. Do I see any evidence? No. Literally anyone could have tweeted the same thing. The far more likely scenario, in my eyes, is that these news orgs saw this Tweet picking up traction from a bunch of idiots and couldn’t take the risk of being the last one to report the “news”, and so went ahead and reported completely unfounded non-sense anyway.

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      • echodot@feddit.uk ⁨1⁩ ⁨week⁩ ago

        went ahead and reported completely unfounded non-sense anyway.

        The White House is now such a mess I don’t know how organizations would even go about verifying this anyway. You can ask for an official statement and it’s just a random guess by someone these days, it’s not an official statement of policy.

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      • Prime_Minister_Keyes@lemm.ee ⁨1⁩ ⁨week⁩ ago

        If you control social media, you also control who gets to see what in their feeds.

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  • KeenFlame@feddit.nu ⁨1⁩ ⁨week⁩ ago

    The only ones that do this are hedge funds. Adult Frat boys.

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    • Ulrich@feddit.org ⁨1⁩ ⁨week⁩ ago

      Okay, and what did the “adult frat boys” do, exactly?

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      • KeenFlame@feddit.nu ⁨6⁩ ⁨days⁩ ago

        They do various schemes to manipulate and extract money from the free markets.

        It’s not a conspiracy, they are quite open even with their methods, because they are… Bragging… About it.

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