twitter

50 Cent's Pump and Dump Twitter Scheme

I'm having trouble figuring out if the rapper 50 Cent is guilty of insider trading for his big stock tip over the weekend. Mr. Cent (or Mr. Jackson, your pick) used his rather large Twitter following (about 3.8 million) to boost the share price of penny stock in a company he holds shares called H&H Imports.

The Jakarta Globe reports that the Twitter account of Andi Arief, the government adviser for disaster management and social affairs, was hacked on Thursday. Someone managed to hijack the adviser's account, @AndiAriefNew, and send a message to his 8,500 followers: "Besok jakarta tsunami" ("Jakarta tsunami tomorrow). Aside from the loss of face, there doesn't appear to have been any fallout or panic created by the tweet. The hacker also sent other messages, mocking other national officials and prompting an indignant response from a staffer.

So I'm definitely not the tech writer around here, which is why I'll write about the sociological implications of Twitter rather than any technology behind it. That and I'm afraid of Chris Pollette and Jonathan Strickland following me into the bathroom and locking the door behind them. For being so pasty, those two know how to wield bicycle chains and car radio antennae with surprising effectiveness. I do not, in fact, have a Twitter account. I'll probably be a member of the 26th wave (coming up two from now), but I am fascinated by the ideal Web 2.0 model our society's faithfully followed, as established by MySpace and perfected by Facebook, wherein a clever new social media technology is unrolled, early adopters figure out even cleverer novel uses for it, these new uses are picked up by the aged media, which disseminates news of the tech to everybody else who, in turn, take up use of the service, which leads to more media exposure, even further use and the final stage, complete and utter entrenchment in said society.