this is crazy
basically google news picked up an old story on united airlines filing bankrupcy in 2002. there was no date on the article so it thought it was new news, but it wasn’t. then there was a shit storm cause all their shareholders saw the story and started selling.
the stock went from $13 to $3 (1 billion change) in only a few hours. fuck. look at monday sept 8th.
i don’t think google is at fault (its a fucking algorithm) but this whole thing is kinda scary. who knows what other types of stories could be re-surfaced and have really bad consequences. tip of the iceshit. at least we know mccain didn’t sell his shares… he doesn’t use the internet.