BIZ BUZZ: Scroll fast, not furious
If you stumbled on a viral post screaming “Philippines’ Corruption Scandal Triggers P1.7 Trillion Market Meltdown” and supposedly quoting S&P Global Market Intelligence—scroll past it.
Scary stuff, we know. Except, it’s totally fake.
S&P itself was quick to disown the post, which cites the ongoing corruption probe (likely over flood control projects) as spooking investors.
A representative from the company told Biz Buzz: “This is incorrectly attributed to S&P Global Market Intelligence and we are taking steps to have the posts taken down.”
Moral of the story? Think twice before hitting that share button.
