‘One Tweet Can Kill A Market, Many Tweets Have Little Effect’ – ‘ReadWrite’
The latest post on ‘ReadWrite’ is titled “One Tweet Can Kill A Market, Many Tweets Have Little Effect”.
Matt Assay says, “One false tweet from a hacked Associated Press Twitter account wiped $200 billion off the stock market, but most tweets don’t move markets one way or another. In fact, there appears to be little rhyme or reason for Twitter’s effect on individual stocks.
Take Google. While its stock has been on a six-month tear, growing 19% in that period, its “social stock” has been anything but over the same timeframe”.
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