Monday, 15 September 2008

FT.com | SEC probes United's sudden slump

Here's a fine example of the downside of excessive media, and excessive automation in news media. Basically, one person visiting a website to look at a 6 year old story about American Airlines' bankruptcy caused a 75% drop in their share price last Monday..!


The thing is, I can only see this sort of thing occurring more frequently in the race to get fresh news. Mis(dis?)-information is not new, of course, but the online/automated component does amplify the problem somewhat.