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A well-timed set of tweets from compromised government and private-sector accounts, coordinated with real stock market activity planned by the attacker such tha
by btown 4y ago
A well-timed set of tweets from compromised government and private-sector accounts, coordinated with real stock market activity planned by the attacker such that investors cannot ignore the rumors, could cause a geopolitically significant market panic. This already happened in 2013, and that was with just a single account being compromised: https://business.time.com/2013/04/24/how-does-one-fake-tweet-cause-a-stock-market-crash/ https://business.time.com/2013/04/24/how-does-one-fake-tweet...
- datavirtue 4y agoOK, Twitter needs regulated then. Hardly a private going concern if you are right.
- gopher_space 4y agoThis won't fix the fragility of our economy. It would start a weird exit model for social platforms, though. Get big enough that the US buys you out.
- datavirtue 4y agoOur economy is not fragile.
- nradov 4y agoIn the long run that would be a good thing. It would be an object lesson that investors shouldn't believe anything they read on social media. Investors always have the option to ignore rumors.
- Sebb767 4y agoBut investors also need to be quick to react if they want to make (serious) money. Ignoring a tweet from a verified account about a disastrous event is not reasonable at all in 99.9% of cases. What I'm trying to say is, you might be able to discredit Twitter, but you won't fix investors trying to invest ahead of the news.
- nradov 4y agoBullshit. By many measures Warren Buffett is the most successful investor of our time. He is famous for being slow to react, and he has made some serious money. So I think you don't understand investing. And if some investors lose money then so what? That is an acceptable outcome. Let them suffer, I have zero sympathy.