Our Financial Institutions: Delicate Like Paper Flower

Posted by GlazednConfused on Sep 8th, 2008 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

Perhaps you read about this interesting phenomenon in BusinessWeek. Apparently, an investment media group somehow picked up an archived article that was 6 years old and distributed it as current news on their website. Unfortunately, the news was UAL going bankrupt. This caused the company’s stock to plummet from $12 to basically nothing just about overnight. Internet, how awesome is thy power.

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