… In some ways I am tempted to say “building up credibility for years by accurately posting real all-caps financial news headlines for people who don’t have subscriptions, and then burning all of that credibility at once by posting a single fake headline that moves markets by $2.4 trillion, is honestly pretty good market manipulation” (not legal advice!), but I’m not sure that’s right. If you are doing market manipulation, I think you want depth, not breadth. Moving GameStop by 50% is more valuable to you than moving every financial asset in the world by 5%: Your capital is limited, and causing a $2.4 trillion move isn’t worth $2.4 trillion to you. From a certain (dumb) perspective, that fake headline was briefly one of the most valuable pieces of writing in human history, but the person who tweeted it couldn’t capture most of its value.
Source: The Bad Tweet