Is Twitter making the Brexit fallout worse? It’s possible.
“Mounting research shows that a feedback loop does exist between social media and the stock markets, in which online anxieties about the market’s response may feed into the response itself,” Issie Lapowsky wrote in Wired on Friday, citing a study finding that the Dow Jones industrial average drops a few days after Twitter gets panicky.
But the reaction to the Brexit vote wasn’t all doom, gloom and pleas to buy gold; there were also plenty of jokes and a few reality checks. Here are some of the best tweets from the aftermath of the surprising decision:
Yesterday, 33 US banks passed their annual stress test.
Today, 300,000 financial advisors will be sitting for theirs.
— Downtown Josh Brown (@ReformedBroker) June 24, 2016
— LionHeart (@jmcdesq) June 26, 2016
— Raghav Sharma (@ragspag) June 24, 2016
Stocks decimated to levels not seen since last Friday.
— Morgan Housel (@TMFHousel) June 24, 2016
My UK politics is a bit rusty but if memory serves, Boris Johnson now gets his try at the sword in the stone…