Wednesday, September 10, 2008

2002's News, Yesterday's Sell-Off -

2002's News, Yesterday's Sell-Off -
"A six-year-old article mistakenly seen by Bloomberg financial news users ....reported the bankruptcy of United Airlines and triggered a massive sell-off that nearly obliterated the company's stock in a matter of minutes.

The light-speed wipeout is a powerful reminder of how quickly bad information can spread via the Internet to a trigger-happy Wall Street that is willing to dump millions in stock before checking the facts.

It exposed the vulnerability of Bloomberg's influential brand name to bogus content."
This is a few days old, but we were talking about it in class and thought others might like it as well.

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