According to deathbyemail.com, research by a Harvard economist indicates that Twitter may be to blame for the recent economic woes being experienced worldwide.
Professor Martin Schmeldon of Harvard Business School recently released research findings that suggest excessive Twitter use may have caused the current economic downturn.
“We see the rapid rise of Twitter usage in 2008 correlating very strongly with a tremendous decrease in American productivity,” said Schmeldon. “Our regression analysis on the data suggests a causal relationship that may actually be larger than the impact of the much-touted subprime collateral debt refinancing triggers.”
We here at Performancing believe otherwise. Twitter definitely helps increase productivity. Where else do we get story leads? And Twitter is part of our social media marketing. (And guess where I found this nifty little piece of economic analysis).
And besides, my econometrics professor back in my undergraduate days had always stressed the point that correlation does not mean causality. This makes me think: it’s also possible that the supposed correlation also goes the other way around. Maybe with the Dow going down, people are flocking more and more to Twitter (to find other sources of income, perhaps?).
Is it April 1st yet?