latimes, tesla, bot stock market manipulation
There is a swath of bots that appear to have influenced public opinion about Tesla, and successfully protected Tesla from periods of criticism and economic downturns.
And it does appear that the bots have successfully inflated Tesla's stock price.
Researchers are still unable to figure out who is behind the bots though.
"Over the 10-year study period, of about 1.4 million tweets from the top 400 accounts posting to the “cashtag” $TSLA, 10% were produced by bots. 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.) While Tesla’s market value has increased over the years, the price has seen dramatic ups and downs. The periods around bot creation showed sharp increases, but outside those windows, trading was far more volatile, Chowdhury said."
latimes, tesla, bot stock market manipulation
@alienghic bots aren't sentient, so i'm pretty sure this is human communication just via alts and scripting. i'm not sure why the whole "bot" thing became a meme. people are allowed to have alts.
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!