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How a phony tweet and computer trades sank stocks

Stock Market - AP

For a few surreal minutes, a mere 12 words on Twitter caused the world's mightiest stock market to tremble. No sooner did hackers send a false Associated Press tweet reporting explosions at the White House on Tuesday than investors started dumping stocks - eventually unloading $134 billion worth. Turns out, some investors are not only gullible, they're impossibly fast stock traders.

 

Hackers compromise AP Twitter account

Hackers compromised Twitter accounts of The Associated Press on Tuesday, sending out a false tweet about an attack at the White House.

 

Yahoo and AP Make a New Licensing Deal

The Associated Press has signed a licensing deal with Yahoo Inc. that gives the news cooperative a steady stream of revenue at a time less money is flowing in from newspapers and broadcasters.

 

News Aggregation vs. Rupert Murdoch and the Associated Press

Having managed two aggregation sites, I really wanted to write something original and insightful to dispel what Rupert Murdoch and the Associated Press had been spewing out to the media regarding news aggregators.

 

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