Hacked AP twitter causes #stock flash crash

  • Posted on 2013-04-25 02:16:20
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A single tweet, 12 words, from the twitter account of the Associated Press cause stock markets to flash crash. The crash resulted in dumping of $134 billion within minutes. This was determined to be the error of computer bots, programmed to make trades based on news they are consistently scanning for online. That's fiat for you.... http://business.time.com/2013/04/24/how-does-one-fake-tweet-cause-a-stock-market-crash/

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