christopher heiser <christopher AT heiser DOT net>
Date Published: September 24th, 2008
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Unintended Consequences

This story got lost in the shuffle during the financial meltdown, but it deserves some thought. In a nutshell, a four-year-old rumor about United declaring bankruptcy was thrust to the top of Google news. Google has suggested the blame lay with the new publisher, but what cannot be denied is that the Google news link triggered an automated sell off, plunging the value of United stock. One wonders whether this will become more common in days to come.

by Christopher Heiser on September 24 16:55
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