The explosive rise of social media has already shifted the workings of politics and democracy. We are now seeing how it can move asset prices too, both in digital assets and, occasionally, in other sectors.
Dead squirrels normally do not feature in financial history. But we do not live in normal times right now. Far from it.
A month ago, America’s online MAGA crowd exploded in social media outrage after New York health officials euthanised a pet squirrel called Peanut suspected of carrying rabies.
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Gillian Tett is chair of the editorial board and editor-at-large, US of the Financial Times. She writes weekly columns, covering a range of economic, financial, political and social issues.
