AP Twitter hack profit opportunity.

Get Rich Hacking Twitter

Moneybox
A blog about business and economics.
April 23 2013 1:26 PM

Get Rich Hacking Twitter

BIjWCqfCAAAXGTI

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.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

  News & Politics
Politics
March 31 2015 5:00 AM How the Founder of the Fugees Became a Big-Time Political Donor Without Anyone Knowing The musical artist chose to fund a super PAC through opaque, legal, and increasingly popular means.
  Slate Plus
Working
March 30 2015 11:32 AM The “How Does a U.N. Official Work?” Transcript What’s it like to manage the U.N.’s Ebola response? Read a transcript of Adam Davidson’s conversation with the assistant secretary-general for field support.