"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.This is a few days old, but we were talking about it in class and thought others might like it as well.
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."
Wednesday, September 10, 2008
2002's News, Yesterday's Sell-Off - washingtonpost.com: