Did You Know...

   

AP Twitter account hacking leads many to re-examine strategy of basing investment activity on Tweets from the AP

Share
By Doug Powers  •  April 23, 2013 04:39 PM

**Written by Doug Powers

The Twitter feed of the Associated Press was apparently hacked earlier today. Screen shot via Twitchy:

null

From the looks of it, a lot of market players base their investment strategies on AP Tweets.

From Marketwatch:

Stocks pushed higher Tuesday, after briefly tanking following a fake Associated Press tweet said there were explosions at the White House.

The AP said its Twitter account was hacked and stocks quickly bounced back. Strong earnings and a positive reading on the housing market overshadowed gloomy news about the pace of global growth.

I guess it could have been worse:

The AP will now try and figure out who hacked their account (the hacking was preceded by a phishing attack). They might also want to try to find out if any of their employees just coincidentally did some short selling during that brief time. Meanwhile, Janet Napolitano is expected to offer the AP employee in charge of their passwords a job working border security.

null

Arrow above shows the time when investers started dumping stock after false information led them to believe Joe Biden might somehow end up in charge of the country

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

Dem Debate open thread: Will Hillary take Andrea Mitchell’s advice on how to win New Hampshire?

February 4, 2016 05:32 PM by Doug Powers

hillary

Re-introductions are in order… again

Anti-Wall St. crusader Hillary Clinton explains accepting $675k from Goldman Sachs: ‘That’s what they offered’

February 3, 2016 09:43 PM by Doug Powers

hillary3

Progressive capitalism explained

Trump-less Fox News GOP debate open thread

January 28, 2016 03:28 PM by Doug Powers

megynkelly

Yuge avoidance behavior

A tale of two tapes: Teen Cruz vs. Terror-Coddler Obama

January 27, 2016 07:33 AM by Michelle Malkin

Ex-MSNBC lefty Ed Schultz completes progressive pundit circle-of-life

January 14, 2016 10:41 PM by Doug Powers

schultz

New show “Russian to Judgment, with Ed Schultz” to debut soon


Categories: Feature Story, Media

Follow me on Twitter Follow me on Facebook