Fake News Is Also a Financial Threat
Call Fake News ‘Viral Deception,’ Panelist Tells 9th Circuit Conference
Does anyone else find it ironic that Hugh Hewitt would be on this panel?
“The discussion about fake news often focuses solely on electoral politics, as if that’s substantially the place for concern. Although it is a place of concern, there are other areas that are equally important,” said Dr. Kathleen Hall Jamieson, director of the Annenberg Public Policy Center at the University of Pennsylvania.
For instance, Jamieson said, the Securities and Exchange Commission has charged 27 firms with fraudulently promoting stocks using anonymous sources that do not disclose where they’re getting their money.
“The firms trafficking in this sort of viral deception drove up the stock of one company by 925 percent,” Jamieson said. “This kind of undermining of facticity through false use of news channels is undermining our markets.”