Fake Tweet Causes Stock Market Plunge

The professional hysterics and security fetishists are a threat to the financial stability of the United States.  A fake tweet from a hacker who had obtained control of the Associated Press's Twitter feed caused stock markets to lose billions of dollars in value in a matter of minutes yesterday.  From USA Today:

A hacked Twitter account of a major news organization Tuesday dispelled any lingering notion that tweets are mere 140-character missives that harmlessly fly off into the ether.

The FBI and the Securities and Exchange Commission are investigating the security breach that momentarily sent stocks into free fall Tuesday, erasing some $200 billion from the market's value.

At 1:07 p.m. ET, a tweet from the Associated Press exclaimed: "Breaking: Two Explosions in the White House and Barack Obama is injured." Within seconds, Wall Street was in panic mode and the Dow Jones industrial average and other benchmark indexes plummeted.

The Associated Press quickly revealed its Twitter account was a hacked fake, and the White House issued assurances that the president was safe. "The president is fine," spokesman Jay Carney said. "I was just with him."

Do Wall Street types actually believe everything they read on the internet?  lol

Source:http://blog.agupieware.com/2013/04/fake-tweet-causes-stock-market-plunge.html