How fake news about tariffs posted on Elon Musks X shifted trillions in the markets

6 months ago 7

Market analysts braced for a potential repeat of "Black Monday" over the weekend — a crash of such magnitude it was being compared to the infamous 1987 global financial meltdown. While President Trump’s tariffs continued to weigh on the stock market, a full-blown crash never materialized.

Interestingly, one key factor in averting disaster may have been misinformation from an obscu...

Source: https://mashable.com/article/fake-news-trump-tariffs-social-media-stock-market

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