What does it mean when you have the means to distribute information without all the filters involved.
Well we see it first hand with President Trump on almost a daily basis. No need to have speechwriters and policy wonks craft each word and phrase to parse out a nebulous statement, which may mean all things to all people.
No, just tweet a gut punch to the offending party with no ambiguity, but sometimes it has little context.
Well the stock market was hit with one of the latter Tuesday by Tesla Founder Elon Musk.
With little ambiguity and absolutely no context Musk tweeted: “Am considering taking Tesla private at $420. Funding secured.”
Now you can see the similarities between Musk and the president and how they got to their positions. They don’t use focus groups or test marketing, they do it and will it into a success through bravado and showmanship. Whether it’s an electric car, a trip to space or constructing building across the globe with Trump on the top.
So the stock market did what it would do in the nineteenth or twentieth century when Musk tweeted — it halted trading to figure out what was going on.
After it was determined that Musk was not hacked and that the company may be exploring the idea of going private, shares were traded again. But the Street didn’t give Musk his $420 price upon re-opening.
No that will wait for another day when a more manageable news release comes out stating that the board is working with so and so to secure credit to take the company private.
While the means of mass communications is at the hands of these men and others, the reaction by the powers that be are still muddled in the last century.
I have a feeling that will change in the not too distant future with the President at least.