The recent mishap involving a false claim about President Trump's potential suspension of tariffs illustrates the risks associated with news aggregators on X. The platform, led by Elon Musk, incentivizes users to maximize engagement, which can result in the rapid spread of misinformation. A misinterpreted comment led to an inaccurate post that caused stock prices to soar before the White House issued a denial, highlighting the potentially volatile consequences of unverified posts on financial markets.
The current algorithm of X under Mr. Musk's ownership disincentivizes users from posting outside links to journalism.
Stocks soared upon the news, only to fall again after the White House's denial.
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