After TWTR's earning report was leaked early by the Nasdaq, users online started posting and sharing the story. This blind trust on the internet dropped the stock's value by 20%. Tom Sosnoff and Tony Battista take a time out today to discuss how the internet has been an influencer for a while now and how it is a bigger threat than spoofing.
The SEC can punish an owner for influencing the market in their public writing or speeches. But when, Carl Icahn and Elon Musk tweet about their positions, the market moves and they are labeled as just "sharing their opinions".
Where do you draw the line between influencing and sharing opinions and what should the limitations be on social media? Come check out the research that Tom and Tony look at and let us know what you think.