Microsoft Windows Vista Community Forums - Vistaheads
Recommended Download



Welcome to the Microsoft Windows Vista Community Forums - Vistaheads, YOUR Largest Resource for Windows Vista related information.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so , join our community today!

If you have any problems with the registration process or your account login, please contact us.

Driver Scanner

Automated News Crawling Evaporates $1.14B

General Technology News






Speedup My PC
Reply
  #1 (permalink)  
Old 09-10-2008
Steve's Avatar
Moderator
 

Join Date: Sep 2006
Location: Emerald Isle
Posts: 88,658
Steve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant futureSteve has a brilliant future
Thanks: 24
Thanked 178 Times in 45 Posts
Automated News Crawling Evaporates $1.14B
cmd writes "The Wall Street Journal reports that Google News crawled an obscure reprint of an article from 2002 when United Airlines was on the brink of bankruptcy. United Airlines has since recovered but due to a missing dateline, Google News ran the story as today's news. The story was then picked up by other news aggregators and eventually headlined as a news flash on Bloomberg. This triggered automated trading programs to dump UAL, cratering the stock from $12 to $3 and evaporating 1.14 billion dollars (nearly United's total market cap today) in shareholder wealth. The stock recovered within the day to $10 and is now trading at $9.62, a market cap of $300M less than before Google ran the story." The article makes clear that Google's news bot only noticed the old story because it has been voted up in popularity on the site of the South Florida Sun-Sentinel newspaper. The original thought was that stock manipulation may have been behind the incident, but this suspicion seems to be fading.http://slashdot.org/slashdot-it.pl?f...8/09/10/203233
Read more of this story at Slashdot.



More...
Reply With Quote
Sponsored Links
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Web-Crawling Program Spots Disease Outbreaks Steve General Technology News 0 07-20-2008 07:00
Review: 'Descent' Delivers Simple, Dungeon-Crawling Fun Steve General Technology News 0 06-21-2008 02:00
WEB Crawling Steve Drake microsoft.public.windows.vista.general 1 05-01-2007 16:42
vista absolutly crawling on sinlge core 1800 mhz 1 gig ram Vista of the Apes microsoft.public.windows.vista.general 6 04-28-2007 15:27
Audio Watermark Web Spider Starts Crawling Steve General Technology News 0 03-01-2007 02:28




All times are GMT +1. The time now is 09:52.




Driver Scanner - Free Scan Now

Vistaheads.com is part of the Heads Network. See also XPHeads.com , Win7Heads.com and Win8Heads.com.


Design by Vjacheslav Trushkin for phpBBStyles.com.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 RC 2

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120