Twitter moves the market

Inspiration

Just in: The Associated Press Twitter account has been hacked, temporarily moving the markets.

The headline:

two explosions at the White House injured President Barack Obama

The impact:

..virtually all U.S. markets took a plunge on the false news in what one trader described as “pure chaos.”

Now that’s pure social media power. Forget the Bloomberg terminals – I want my Twit Terminal now!

Surely some people made a lot of $ on this.  Hmm..

MMA

 

2 thoughts on “Twitter moves the market

  1. “surely some people made a lot of $ on this”. My first thoughts exactly. Just because the market “recovered” in 3 minutes doesn’t mean the investors did. $136 billion changed hands because of 1 tweet today. Scary.

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