Twitter not only is a toxic platform, the largest hate rally in history, it’s also engaged in egregious stock manipulation by robots to fund the haters.
Of 157,000 tweets posted to the hashtag #TSLA, 23% were from bots, the research showed.
Kirsch and Chowdhury tracked 186 Tesla-related bot accounts and found that after each was launched, the company’s stock appreciated more than 2%. (They looked at the average stock return for the week previous to the bot’s creation and for the week following.)”
“This computational content may have buffered the Tesla narrative from an emergent group of critics, relieved downward pressure on the Tesla stock price and amplified pro-Tesla sentiment from the time of the firm’s IPO in June 2010 to the end of 2020,” reads a paper that the researchers plan to present at the International Electric Vehicle Symposium in June in Oslo.”