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Politics : Formerly About Advanced Micro Devices

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From: tejek4/23/2013 2:50:46 PM
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I wonder who hacked the AP's twitter feed and provided the false news reports about Obama. Sounds like wishful thinking. I wonder who it was.................

  • Wall Street watches Twitter

    By Steve Benen
    -
    Tue Apr 23, 2013 2:11 PM EDT

    The official Associate Press feed on Twitter was hacked this afternoon, and those responsible started sending messages of news events that did not occur. For example, a little after 1 p.m. eastern, @AP "reported" that there were two explosions at the White House and President Obama had been hurt -- though this did not happen.

    But for a minute or so, folks who rely solely on twitter for news didn't know to ignore the AP's feed, and thought an actual crisis was underway. For example, take a look at what happened on Wall Street. This chart shows today's Dow Jones trading.


    I added an arrow, but I think you can probably guess exactly when Wall Street saw the "news," and when traders realized the AP had been hacked.

    The morals of the story: (1) Wall Street watches Twitter. and the notion that social media doesn't have a meaningful, real-world impact is an antiquated concept; and (2) password security matters.

    Update: At the start of today's White House press briefing, an AP reporter told the rest of the press corps about the "false" reports they should ignore. Jay Carney added, "Good. I thank you for that. I appreciate that. And I can say that the president is fine. I was just with him."

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