Google News Crawler Triggers $1.14B Sell Off

  • joebert
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Post 3+ Months Ago

It looks like Google really can make, or in this instance break you.

Alternate: http://www.rockymountainnews.com/news/2 ... -meltdown/
Thanks Breeze !

Quote:
As Tribune Co. and Google Inc. pointed fingers at each other over the glitch that cratered UAL Corp.'s stock Monday, blame spread to the computers that robotically troll the Web for news stories and execute stock trades automatically.

An old article about UAL's 2002 bankruptcy-court filing resurfaced Monday as an apparently fresh report on Google's news service. Stock in the parent company of United Airlines quickly dropped to $3 a share from nearly $12.50 before the Nasdaq Stock Market halted trading and UAL issued a statement denying any fresh Chapter 11 filing.

UAL's stock price ended Tuesday's session at $10.60, down 2.8% on the day and nearly 13% off Monday's open.

Nasdaq and lawyers for Tribune and UAL are investigating the incident, and the circumstances of the glitch remain murky.
  • Anonymous
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Post 3+ Months Ago

  • righteous_trespasser
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Post 3+ Months Ago

That link just shows a blank page for me ... ?
  • Breeze
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Post 3+ Months Ago

I get a blank page too, but this appears to be the same article.
  • AnarchY SI
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Post 3+ Months Ago

wow that sucks.
would've probably been a good time to get in on UAL's stock tho >.<
  • SpooF
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Post 3+ Months Ago

lol, I was thinking the same thing, BUY BUY!

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