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Monday, March 11, 2013

Twitter, Social Media, Stocktwits Are Fertile Ground for Stock Hoaxes

Twitter, Social Media, (ie Stocktwits) Are Fertile Ground for Stock Hoaxes

Twitter and StockTwits have stronger filters - the Einhorn impersonator's account was suspended shortly after the misleading post - but the spigot of false information cannot be shut entirely.
StockTwits doesn't allow discussions of penny stocks "since those are the ones that are the most vulnerable to being pushed around," said Howard Lindzon, the company's San Diego-based chief executive.

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