Thursday July 9, 2020

How bogus AP tweet sent shares tumbling

The Standard & Poor’s 500 Index fell about one percent after the tweet before quickly rebounding, briefly wiping out $136 billion in value.

24th April, 2013
Bogus tweet sent markets tumbling yesterday

Hackers hijacked the Associated Press Twitter account yesterday, sending stock markets down one percent in a matter of seconds by posting a false claim of an attack on the White House.

The Twitter message - saying that President Barack Obama had been injured after his residence was bombed - followed repeated attempts by hackers to gain access to AP reporters’ passwords, the news agency said. The AP suspended its account and said it would work...

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