How a phony tweet and computer trades sank stocks
April 24, 2013 /Uncategorized

How a phony tweet and computer trades sank stocks

Trader Christopher Lotito, center, works on the floor of the New York Stock Exchange Wednesday, April 24, 2013. No sooner did a phony Associated Press report of explosions at the White House appear on Twitter on Tuesday than investors started dumping stocks, eventually unloading $134 billion worth. Turns out, some investors are not only gullible, they’re impossibly fast stock traders. (AP Photo/Richard Drew)

NEW YORK (AP) — For a few surreal minutes, a mere 12 words on Twitter caused the world's mightiest stock …read more

Source: Yahoo Technology Feed

Written by
 

Comments are closed.