There are multiple sections of Twitter and some communities are extremely toxic, but it’s also the single best place to follow breaking events. If you follow the right people it can be extremely informative, and highlights how often news bloggers get basic facts wrong.
One recent example, there was a news report that famous short seller Michael Burry had taken a $500 million dollar bet against Tesla. This number came from a basic misreading of Burry’s disclosure, but the news media ran with it and an article with this number showed up on the HN front page. If you followed the right people on Twitter you knew the number was wrong within minutes, while the news media has still not issued a correction. This situation happens all the time.
I can't see why you'd think that was a mistake, the people promulgating the [false] news report almost certainly are investing against the information they're putting out. That's what "news" owners do, surely.
Why is anything important? Investing is interesting to me and I want accurate information free from somebody else’s agenda. That’s not possible, but aggregating the opinions of many people I respect is the closest I’ve found.
One recent example, there was a news report that famous short seller Michael Burry had taken a $500 million dollar bet against Tesla. This number came from a basic misreading of Burry’s disclosure, but the news media ran with it and an article with this number showed up on the HN front page. If you followed the right people on Twitter you knew the number was wrong within minutes, while the news media has still not issued a correction. This situation happens all the time.
https://www.fool.com/investing/2021/05/17/genius-behind-the-...
https://twitter.com/Keubiko/status/1394351225316028420?s=20