(no subject)
Sep. 11th, 2008 10:56 am
Sep. 11th, 2008
Behold, the power of automated systems!
Sep. 11th, 2008 12:48 pmUsers viewing a South Florida Sun Sentinel article from 2002 about United Airlines' near-bankruptcy voted it up and got it ranked highly.
Google's spiders found the article, saw it with no dateline, and reposted it as new news.
Automated trading systems saw this and sold stock.
Stock price dropped from $12 to $3, evaporating $1.13 billion in shareholder wealth.
(EDIT: Story from HERE. Fucking WSJ is still down, IHT is in.)
Google's spiders found the article, saw it with no dateline, and reposted it as new news.
Automated trading systems saw this and sold stock.
Stock price dropped from $12 to $3, evaporating $1.13 billion in shareholder wealth.
(EDIT: Story from HERE. Fucking WSJ is still down, IHT is in.)
