4 ms·

It shows you the power of Twitter and rumors and fake news.

chiefalchemist 4y ago
Nah. I see it different. It shows you how stupid and greedy people and algorithms can be. They take unvetted input and blindly run with it? Really? That existed long before Twitter. It's not Twitter's fault that stupid scales so easily. When will The Media and Wall Street - and political leaders? - learn that Twitter is a source of info *that must be vetted*. Ignoring that fact, and letting your internal biases get the best of you is simply not an option *anywhere on the internet*.
- thedailymail 4y ago
  The commenter didn't say it was Twitter's fault, just that this shows its power. That power could be attributable, in part at least, to people's gullibility, mobthink, etc. (Personally I think there is some responsibility on Twitter's part as well - after all, they suddenly made it possible to buy unvetted Blue Checks, when until recently that mark was a sign of confirmed identity.)
  - chiefalchemist 4y ago
    The power isn't Twitter's. It's, ironically, small minded humans. They just happen to be fond of collecting on Twitter. Twitter is correlation, not causation.
    - tonetheman 4y ago
      You are so wrong. The ONLY way to authenticate someone on twitter has been those check marks. And this week that all went to hell. It is the same thing on tiktok they have verified accounts and I know that someone at tiktok verified this is X. Up until this week those blue checks meant something and people who are not in the new cycle would not have known. I/We are in the news cycle because we are nerds/techies. The whole market may have been heading down but this contributed.
      - chiefalchemist 4y ago
        Pro tip: If you want to have a constructive adult discussion, don't lede with "You're wrong." And for the record, you don't just vet source, you vet the information itself. If it can't be confirmed and you act anyway...well that is by defintion child's play. If children - *in adult bodies* - want to play in traffic on Twitter, it's not Tw's job to police them, or change their diapers when they shat their pants. Who's wrong now??
        tonetheman 4y ago
        Yup yup. I should not have lead with you are wrong. But the blue check mark is really how most people (myself included) decide if a source is real on twitter. And that was destroyed this week by someone who apparently does not actually understand how twitter works. So assuming a lot of people also trust that check mark and now what should be a good reliable source of information gave out something that is false. It was clearly part of it. Was that the only reason the stock dropped? Probably not. The stock market is effectively random and only barely involved in reality.
- GistNoesis 4y ago
  Some unverified twitter user thinks its more about reacting to some bloomberg news https://twitter.com/quantian1/status/1591149510168039426?cxt=HHwWhMDSoZOD85QsAAAA https://twitter.com/quantian1/status/1591149510168039426?cxt... about the market of some of their drugs shrinking. I'll let the algos sort the mess of correlation or causation, truths and untruths, and just buy if they told me to.
seydor 4y ago
Soon we will hear about this as an example of fake news. I think it shows the power of a baseless rumour when it tells people what they want to hear

Nah. I see it different. It shows you how stupid and greedy people and algorithms can be. They take unvetted input and blindly run with it? Really? That existed long before Twitter. It's not Twitter's fault that stupid scales so easily. When will The Media and Wall Street - and political leaders? - learn that Twitter is a source of info *that must be vetted*. Ignoring that fact, and letting your internal biases get the best of you is simply not an option *anywhere on the internet*.

thedailymail 4y ago
The commenter didn't say it was Twitter's fault, just that this shows its power. That power could be attributable, in part at least, to people's gullibility, mobthink, etc. (Personally I think there is some responsibility on Twitter's part as well - after all, they suddenly made it possible to buy unvetted Blue Checks, when until recently that mark was a sign of confirmed identity.)
- chiefalchemist 4y ago
  The power isn't Twitter's. It's, ironically, small minded humans. They just happen to be fond of collecting on Twitter. Twitter is correlation, not causation.
  - tonetheman 4y ago
    You are so wrong. The ONLY way to authenticate someone on twitter has been those check marks. And this week that all went to hell. It is the same thing on tiktok they have verified accounts and I know that someone at tiktok verified this is X. Up until this week those blue checks meant something and people who are not in the new cycle would not have known. I/We are in the news cycle because we are nerds/techies. The whole market may have been heading down but this contributed.
    - chiefalchemist 4y ago
      Pro tip: If you want to have a constructive adult discussion, don't lede with "You're wrong." And for the record, you don't just vet source, you vet the information itself. If it can't be confirmed and you act anyway...well that is by defintion child's play. If children - *in adult bodies* - want to play in traffic on Twitter, it's not Tw's job to police them, or change their diapers when they shat their pants. Who's wrong now??
      - tonetheman 4y ago
        Yup yup. I should not have lead with you are wrong. But the blue check mark is really how most people (myself included) decide if a source is real on twitter. And that was destroyed this week by someone who apparently does not actually understand how twitter works. So assuming a lot of people also trust that check mark and now what should be a good reliable source of information gave out something that is false. It was clearly part of it. Was that the only reason the stock dropped? Probably not. The stock market is effectively random and only barely involved in reality.
GistNoesis 4y ago
Some unverified twitter user thinks its more about reacting to some bloomberg news https://twitter.com/quantian1/status/1591149510168039426?cxt=HHwWhMDSoZOD85QsAAAA https://twitter.com/quantian1/status/1591149510168039426?cxt... about the market of some of their drugs shrinking. I'll let the algos sort the mess of correlation or causation, truths and untruths, and just buy if they told me to.

seydor 4y ago

Soon we will hear about this as an example of fake news. I think it shows the power of a baseless rumour when it tells people what they want to hear