Elon Musk rattled investors with a series of tweets, including one saying Tesla’s stock price is “too high”.
Tesla shares fell 10 percent.
From a Fintech perspective what struck me most was the speed that it hit the newswire.
There was once a time when tweets could take minutes or even hours to be noticed by the media.
Today, a Bloomberg editor sent a headline alerting investors just two seconds after it appeared on Twitter.
Bloomberg editors are the fastest in the business, but often they have the advantage of knowing when an announcement is scheduled to come out.
That’s not the case for many social media posts.
The fast reaction to Musk’s tweet that: “Tesla stock price is too high imo” underscores how closely the financial press now monitors social media.