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?

  • queermunist she/her
    link
    fedilink
    English
    6814 days ago

    It was a pump-and-dump scam, I’m almost sure of it.

    Someone made millions off of that Xeet.

      • sunzu2
        link
        fedilink
        614 days ago

        That’s only works when you are running the OP, rest of us end up bag holding

        • Echo Dot
          link
          fedilink
          English
          2
          edit-2
          13 days ago

          Just invest gold and wait for the inevitable heart attack/assassination/assassination made to look like a heart attack

          • @Ledericas@lemm.ee
            link
            fedilink
            English
            112 days ago

            its kinda too protected to be shot, probably something that has tendancy to cause high energy reaction in materials.

          • sunzu2
            link
            fedilink
            113 days ago

            Not big on commodities tbh

            Also metals are hyper manipulated markets for various reasons so they don’t trade like boomer gold big think they do