Associated Press Twitter Account Hacked: Dow Drops 150 Points

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#1

Associated Press Twitter Account Hacked: Dow Drops 150 Points

23 April 2013, 19:13

Hackers posted fake news on the Associated Press Twitter account to say there was an explosion at the Whitehouse and Obama had been injured. The market dropped 150 points in an instant.

Just goes to show how active algos are in the market and that they are constantly scanning Twitter..

Hackers seize AP Twitter feed, send market-moving bogus message | Reuters

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#2

23 April 2013, 19:37

Correct. What conclusion do you draw? I'm betting its the wrong one.

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#3

23 April 2013, 19:41

Originally posted by sasguru View Post

Correct. What conclusion do you draw? I'm betting its the wrong one.

Trust you to crawl out from under a stone.

Conclusion to what??? The algos reacted to a fake tweet from a "trusted" source. End of.

'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.
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