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This page contains all of the posts and discussion on MemeStreams referencing the following web page: A Stock-Killer Fueled by Algorithm After Algorithm - The Lede - Breaking News - New York Times Blog. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

A Stock-Killer Fueled by Algorithm After Algorithm - The Lede - Breaking News - New York Times Blog
by bucy at 1:56 pm EDT, Sep 10, 2008

What made a six-year-old article about a bankruptcy filing by United Airlines reappear on Wall Street traders’ screens on Monday as if it were fresh news, prompting a sell-off that erased $1 billion in the company’s market value in a matter of minutes? The path the article followed from forgotten archive entry to present-day stock-killer has begun to emerge, and it raises some interesting questions about how news rockets around the Web.

Both human error and far-from-foolproof technology seem to have played a role in the episode, which involved a 2002 Chicago Tribune report; the web site of the Sun Sentinel, a Florida newspaper owned by the same company; the Bloomberg News financial wire service; and Google, all apparently unwittingly.


 
 
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