Check out this NIE political cartoon about fake news. Consider this Business Insider article on the financial impact of fake news. Consider this Forbes article about how in 2013, after an Associated Press (AP) tweet about an explosion that injured President Obama, $130 billion in stock value was erased in minutes. AP said its Twitter account was hacked. In this case, stock prices recovered in a relatively short period of time. However, news traveling fast on social media can have serious consequences.
It's always important to check sources before posting. That's exactly what the online financial news source Benzinga did when they received a press release alleging that McDonald's was planning to make an informal bid to buy all outstanding shares of Chipotle. Before posting, Benzinga checked with two reliable sources who disputed the claim, so they didn't post it. Imagine the potential impact on financial markets if they would have posted before checking with reliable sources!
Use the blank cartoon (based on the one above) to write your own caption explaining the black financial hole that could be a result of fake news
Deborah Kozdras, Ph.D.