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It's kind of silly. Fake news reports move markets...it happens [1]. This wasn't a crash...it was a 1% drop with an almost immediate recovery. There are defi
by nissimk 14y ago
It's kind of silly. Fake news reports move markets...it happens [1]. This wasn't a crash...it was a 1% drop with an almost immediate recovery. There are definitely problems related to liquidity providers exiting the market too fast and not being subject to enough regulations, but twitter is a great news distribution platform.
Also, why do we want flying cars? Is it just because they're cool or because we want a faster commute and less traffic. Maybe we can get those effects from ground based robotic cars. I think that might not be that far off.
[1] http://www.nytimes.com/2008/09/08/business/worldbusiness/08iht-09air.15988245.html?_r=0 http://www.nytimes.com/2008/09/08/business/worldbusiness/08i...
- ysekand 14y agoThat 1% drop can be exploited and could potentially make an individual or a group of individuals wealthy beyond their dreams until "immediate recovery" takes place. No?
- Houshalter 14y agoWhich is a good thing. If the market panics and goes down quickly, the people that keep their senses are going to make money off the people panicking, and keep it from going down further/bring it back up.