Russ Mitchell writing for the LA Times:
Another fine piece by Russ, that will of course immediately get flooded with hate from bot accounts. Note that neither Russ nor the Researchers cited point the blame at Tesla.— ESG Hound (@ESGhound) April 12, 2022
This is important because the existence of $TSLA Bots is clearly a real thing. Who's behind it all??? https://t.co/fEJ84YD4hq
Whether Twitter bots are being deliberately programmed to manipulate stock trading is among the questions that Kirsch and his research assistant, Moshen Chowdhury, are trying to answer....A Twitter bot is a fake account, programmed to scour the social media site for specific posts or news content — Musk’s posts, for example — and respond with relevant, preprogrammed tweets: “Tremendous long term growth prospects” or “Why Tesla stock is rallying today” or “Tesla’s Delivery Miss Was ‘Meaningless.’” The bots can also be programmed to send nasty or threatening messages to company critics.Kirsch and Chowdhury collected and reviewed Tesla-related tweets from 2010, when the company went public, to the end of 2020.Over that period, Tesla lost an accumulated $5.7 billion, even as its stock soared and Musk became one of the richest humans on the planet; his net worth is estimated at $275 billion. Operational results can’t justify anything close to the company’s $1-trillion market value, based on any kind of traditional stock-pricing metric....Using a software program called Botometer that social media researchers use to distinguish bot accounts from human accounts, the pair found that a fifth of the volume of tweets about Tesla were bot-generated. That’s not out of line with giants like Amazon and Apple, but their bots tended to push the stock market and tech stocks in general, with those companies as leaders, but not focus on any particular narrative about the companies.While any direct link between bot tweets and stock prices has yet to be determined, the researchers found enough “smoke” to keep their project going.Over the 10-year study period, of about 1.4 million tweets from the top 400 accounts posting to the “cashtag” $TSLA, 10% were produced by bots. Of 157,000 tweets posted to the hashtag #TSLA, 23% were from bots, the research showed....The researchers are looking at the timing of the tweets and options activity in the overnight stock market, among other factors. One big unknown: whether the bots are the work of entities with a direct financial interest in Tesla.
Botometer, by its design, will always be a step behind the evolution of bots. I encourage @darchivist to:— Claire Musk (@ClaireMusk) April 12, 2022
a) Take a look at the bots on the $TSLAQ block list
b) Examine how Elon Musk/#Tesla/#SpaceX pays real people in India and Eastern Europe to pump his narrative
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