Dow takes brief but steep fall after false AP tweet

Dow takes brief but steep fall after false AP tweet

The Dow Jones Industrials dropped 144 and recovered it in minutes a little after 1 p.m. when a false tweet about explosions at the White House went out over the Associated Press' Twitter feed.

Before disabling its account, the Associated Press said in a subsequent Tweet that its account had been hacked.

"All: The main @AP Twitter account has been hacked, The tweets coming out of there are false. We are working to correct the problem," the Associated Press Twitter feed said.


Read more:
http://www.chicagotribune.com/busin...ll-after-false-tweet-20130423,0,4620138.story

:doh:

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

Alina SelyukhReuters
2:41 p.m. CDT, April 23, 2013

WASHINGTON (Reuters) - Hackers took control of the Associated Press Twitter account on Tuesday and sent a false tweet of two explosions in the White House that briefly sent U.S. financial markets reeling.

In the latest high-profile hacking incident involving social media service Twitter, an official @AP account reported that two explosions at the White House injured President Barack Obama.

AP spokesman Paul Colford quickly confirmed the tweet was "bogus," but within 3 minutes of the tweet hitting the Web, virtually all U.S. markets took a plunge on the false news in what one trader described as "pure chaos."

White House spokesman Jay Carney told reporters that Obama was fine soon after the tweet went out a little after 1 p.m. EDT (1700 GMT).

Read more: (video at this link)
http://www.chicagotribune.com/business/sns-rt-us-usa-whitehouse-apbre93m12y-20130423,0,1954593.story

They need to find and convict whomever that cyber-jerk was...

Who takes their news from twitter and reacts immediately to it?
Seriously?

MsFacetious said:

Who takes their news from twitter and reacts immediately to it?
Seriously?

Click to expand...

Riiight! Pretty crazy! :crazy: Especially about something so important!

Softail said:

Riiight! Pretty crazy! :crazy: Especially about something so important!

Click to expand...

Exactly!
Waiting 5 minutes would have told them it was fake... because AP responded.
If it hadn't been fake, 5 minutes is all it would have taken to be on EVERY major network!
Patience people, patience!

Someone could have made a LOT of money if they knew the report was fake and they bought up large amounts of stock as the prices dipped.

Hmmmmm.