A bit earlier today someone got their hands on the official AP Twitter account and falsely reported that Barack Obama had been injured by an explosion in the White House. As you can see above, the financial market reaction was swift and decisive. A huge crash followed by a large rally once it became clear this was fake.
It makes you wonder if there isn't a profit-making opportunity out there in the realm of Twitter hacks. The Internet seems to spread both the rumor and the correction very quickly, and U.S. financial markets are deep and liquid enough to respond in a big way in real time. As Oliver Willis writes, instead of his elaborate stock market hijacking plan Bane could have just sent out some errant tweets.
TODAY IN SLATE
The Ebola Story
How our minds build narratives out of disaster.
The Budget Disaster That Completely Sabotaged the WHO’s Response to Ebola
PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer
The Shooting Tragedies That Forged Canada’s Gun Politics
A Highly Unscientific Ranking of Crazy-Old German Beers
Welcome to 13th Grade!
Some high schools are offering a fifth year. That’s a great idea.
The Actual World
“Mount Thoreau” and the naming of things in the wilderness.