How one tweet wreaked havoc on the stock market

Posted by TechCrunch on 2025-04-07 23:02:46
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Original Message:

Amid a morning of pandemonium on Wall Street, a popular news aggregator on X, known as Walter Bloomberg, posted a false report declaring that President Trump was considering a 90-day pause on his controversial tariff proposal. This news was not true, and yet, index funds like the Dow Jones whipsawed — rapidly rising, before reversing […]

Source: TechCrunch

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