Introduction
Have you ever missed an opportunity because of false news?, have you ever been in a very tight situation because of fake news?, have you ever faced a health condition unexpectedly because of an unverified tips you tried out?
Fake news is dangerous and can destroy both in health relationship, business, political system, and human society in general, even in cryptocurrency.
Fake news took so many lives.
In the era of ebola in Nigeria an unverified news caused the life of thousands of people in the eastern part of Nigeria.
One beautiful morning a false news popped up saying that people should add a good quantity of uncooked salt in a cup of water and drink it that it will prevent them from contacting ebola.
Blindly so many people immediately took a cup of water mixed with salt unfortunately many old men and women who already had heart disease or who were hypertensive died as a result of the salt water intake, some who never had any had disease or who were not hypertensive developed hypertension till today, some people liver and kidney were affected because they took a very large quantity of salt water.
I can remember vividly a family that lost both parents that same day due to fake news of salt water intake.
That's how dangerous fake news can be
So many people have developed illness because of following false news about health tips that they saw on social media platforms.
Types of fake news.
There are different categories of fake news and they all are serious and dangerous to human society, there are false stories that has no atom of Truth in them they are just completely made up of some gist just to misled people or extort money from them.
There are also fake news that has no basis they are just created to make a point or to promote an agenda and this type of news looks so real.
Thirdly that are fake news that are manipulated or slanted with some truthful elements, those news are not totally fake but they can deceive people because it doesn't have 100% truth in it.
Fake news can harm your business.
Some businesses that collapse where as a result of unverified news either from the business owner or from outsiders who spread fake information about the product and services they offer which can cause much loss that the business could not stand.
Due to the high consumption of social media fake news is no more far from people about businesses, just one fake news about a business can cause the business to loss over 30% of good customers.
Unfortunately some business owner still depend on news from social media to build their businesses.
Fake news can affect your relationship.
Yes some relationship has been seriously affected by false news being spread about both parties which has damaged the trust and build hatred between the parties.
Years back in my community women couldn't get married due to some fake news that was spread around the City or community about them, though it was a routine to ask people around about the conduct of your prospective mate then but now due to fake news such practice is not in existence.
Political effects of fake news.
During election period false news about the potential candidate can affect people's view about the person and influence them from withdrawing their support and also fake news can also favor the other party as they fabricate good news that are fake about the person and attract more candidates for him.
Result of fake news in the cryptocurrency space
Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations
Price volatility following a series of fake tweets from the U.S. Securities and Exchange Commission (SEC)’s X account caused nearly $90 million worth of bitcoin (BTC) long and short positions to be liquidated, showcasing manipulation risks associated with the industry, Punters and automated bots, however, reacted quickly to the tweets. Over $500 million in futures positions were opened in a ten-minute period following the initial post, data shows. But the highly-levered positions took a hit as prices whipsawed: Some $50 million in longs were liquidated while $36 million in shorts were impacted, Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake
Source
False news can seriously affect the price of cryptocurrency, affect volatility and also make traders to lose their assets.
In all we can see that fake news has the potential of running the system, collapsing businesses, destroying health Trust and relationships.
Say No to fake news.
Although fake news is now a trend but in the media and social media and just a little of it can damage hard work that has been built over the years but it can be avoided.
Is very important to digest every information before allowing them settle in our minds, reading through all verified sites before believing an information is very important.
In a relationship is also vital to make inquiries, ask questions an allow time to pass so as to get all the fact before accepting the negative information.
A bias mind struggles with decision making and can easily believe anything.
Never be biased.