There’s no denying that the media has a powerful level of influence, which makes their penchant for dishonesty all the more concerning. The most recent effects of fake news put out by mainstream media was a dramatic dip in the stock market.
ABC reported on December 1st that Michael Flynn was prepared to testify against Trump and say that, when Trump was a candidate, he ordered Flynn to reach out to the Russians. This, of course, would have been major news…had it been true.
ABC was forced to quickly correct the story and report that Flynn was ordered to reach out to the Russians after Trump was already President, not while he was still on the campaign trail. In other words, Flynn was doing his job as a national security advisor after the election was over and not helping Trump collude with Russia as ABC originally reported.
How ABC could get such an important detail so wrong is astounding, leaving many to wonder whether or not the mistake was deliberate. Deliberate or not, it certainly spooked investors for a brief period of time before they realized that ABC was spreading fake news yet again.
Check out this graph that shows just how bad a fake news story can affect the stock market in the video below.
