Twitter flash crash: Fake White House bomb report causes stock market panic

“A tweet from The Associated Press Twitter account claiming the White House had been bombed caused investors to suddenly push the Dow down more than 100 points in two minutes Tuesday before it became clear the report was untrue and AP’s account had been hacked.  Reaction on the stock market was swift, as what had been a mildly positive day on the Dow Jones quickly turned negative, with America’s benchmark stock index losing more than 134 points or more than a full per cent of its value in a matter of seconds.  Reports suggest more than $20 billion worth of equity positions changed hands on the New York Stock Exchange during the brief trading hiccup.”

http://www.cbc.ca/news/business/story/2013/04/23/business-ap-twitter.html

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