It is true that the various financial markets might end up being affected by those manipulative robots that are constantly spreading fake news online? The reality of the matter is that they will and that is in close consideration of the fact that such news could in one way or the other end up exacerbating volatility on such markets. And it goes without saying that there is need to handle the situation before it cause much havoc.
Studies continue to be conducted every day, but the most outstanding was the one that involved tens of millions of tweets and that was within a timeframe of almost two years. It had established that the sheer volume sent by “bots” resulted to the pushing of shares in FTSE 100 companies upwards or downwards .And as expected it ended up moving the markets in a rather significant way.
It is worth noting that the various tweets that were typically sent by humans resulted in a positive impact on the on the stock prices whereas the large number emanating from robots were associated with negative results/figures. This information was unleashed by Vu Tran, Rui Fan and Oleksandr Talavera and of course that was at the Royal Economic Society.
The social bots according to the experts have been sending a lot of information via Twitter sphere. This social media giant is considering the setup of ‘honeypot’ as a way to make distinctions. Whatever is to be achieved in the long run is something that we will just have to wait and see.