4 ms·

While theoretically true, I think for most accounts the risk is fairly small: I'm sure it's hard to come up with something to tweet from my account that moves a

by PanMan 13y ago

While theoretically true, I think for most accounts the risk is fairly small: I'm sure it's hard to come up with something to tweet from my account that moves any stock exchange even a penny.

digitalengineer 13y ago
Your account maybe, but what about all those traders, FDA, SEC or FED people? Or NGO's? Majors? I think if you really try even your account could move a stock. Think about it: A tweet with location (in front of a big company's CEO's house) early in the morning when you know the 'target' is commuting, flying or otherwise offline, followed by a tweet 'just killed the bastard' with a fake photoshopped picture of a body'. If someone was to target a person with a love of guns on their timeline... well things could get messy real quick.
- rarw 13y ago
  I'm surprised Icahn is allowed to have a twitter. Regulators used to limit access to certain information sharing outlets for those in positions of influence, e.g. certain high level bank official could not have BBM (I know right) active on their Blackberries because of the risk of insider trading. When a tweet has the power to move the market it should probably be treated the same.
  - smackfu 13y ago
    Information that moves the market is allowed, as long as all investors have access to the information. There was some contention about that last year with the NetFlix CEO releasing subscriber numbers on Twitter that affected the stock, but the SEC issued guidance earlier this year that said that disclosure on Twitter and Facebook were ok, as long as the accounts were public.
simonw 13y ago
The point of the article is that if you run a service that allows people to sign in with Twitter you may end up with thousands of people's OAuth credentials on your own server, including some people with potentially very influential accounts.

4 ms·

While theoretically true, I think for most accounts the risk is fairly small: I'm sure it's hard to come up with something to tweet from my account that moves a

by PanMan 13y ago

While theoretically true, I think for most accounts the risk is fairly small: I'm sure it's hard to come up with something to tweet from my account that moves any stock exchange even a penny.

digitalengineer 13y ago
Your account maybe, but what about all those traders, FDA, SEC or FED people? Or NGO's? Majors? I think if you really try even your account could move a stock. Think about it: A tweet with location (in front of a big company's CEO's house) early in the morning when you know the 'target' is commuting, flying or otherwise offline, followed by a tweet 'just killed the bastard' with a fake photoshopped picture of a body'. If someone was to target a person with a love of guns on their timeline... well things could get messy real quick.
- rarw 13y ago
  I'm surprised Icahn is allowed to have a twitter. Regulators used to limit access to certain information sharing outlets for those in positions of influence, e.g. certain high level bank official could not have BBM (I know right) active on their Blackberries because of the risk of insider trading. When a tweet has the power to move the market it should probably be treated the same.
  - smackfu 13y ago
    Information that moves the market is allowed, as long as all investors have access to the information. There was some contention about that last year with the NetFlix CEO releasing subscriber numbers on Twitter that affected the stock, but the SEC issued guidance earlier this year that said that disclosure on Twitter and Facebook were ok, as long as the accounts were public.
simonw 13y ago
The point of the article is that if you run a service that allows people to sign in with Twitter you may end up with thousands of people's OAuth credentials on your own server, including some people with potentially very influential accounts.