‘Fake News’ From Social Media User Leads to $2 Trillion Swing in Stock Market Before White House Denial
The mishap highlights the risks of news aggregators on X, who now get paid for the more engagement they get.
Elon Musk’s X platform rewards one thing and one thing only — engagement. The more one posts, the more one gets paid. On Monday, one of those X users known for posting headlines from members of the press took it a step too far, claiming that the president was open to suspending his tariffs. Stocks soared upon the news, only to fall again after the White House’s denial.
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