AP Twitter hacked: "Barack Obama Injured", Market Crashed - Polidicks

[img]http://rt.com/files/news/1e/d4/a0/00/ap_tweet.jpg[/img] [quote]A hacker compromised the main Twitter account for the Associated Press on Tuesday, creating momentary chaos across the world by inaccurately posting that US President Barack Obama was injured by an explosion in the White House.[/quote] [quote]...Immediately after the fake tweet went live, both the Dow Jones Industrial Average and the S&P 500 took drastic nosedives before quickly rebounding.[/quote] [img]http://rt.com/files/news/1e/d4/a0/00/dow.jpg[/img] Sources: [url]http://rt.com/usa/hackers-associated-press-obama-282/[/url] [url]http://www.bbc.co.uk/news/world-us-canada-21508660[/url] If you don't believe RT, just put "Dow Jones" in Google and see yourselves.

If they posted something like this, wonder if the markets would have hit a new low. [media]http://www.youtube.com/watch?v=Zv13ZnkpWos[/media]

It's really fucking scary to see how much a fake tweet can potentially cause

Imagine, like knowing this would happen and buying as much as you could when it dropped, then selling right as it went back up.

Sounds like pretty smooth way of making dough. Commission somebody to release a solid enough alarming news (in this case somebody hacking AP), and buy the stocks once they plummet.

[QUOTE=Dukov Traboski;40390952]Imagine, like knowing this would happen and buying as much as you could when it dropped, then selling right as it went back up.[/QUOTE] Sounds like the perfect crime.

This is downright scary how fragile the whole system is in our time, with news being created and manipulated by social media from nothing. Imagine a hack of [i]several[/i] creditable news agencies' accounts and sites. Coordinated attack like this could cause great trouble.

Now people are just having fun. [img]http://i.imgur.com/UhZqULl.png[/img]

can you imagine buying a few hundred stocks during that dive, holy shit that would have been great

10/10

Brilliant way to make money, I'll give the hackers that.

[QUOTE=Awesomecaek;40390966]Sounds like pretty smooth way of making dough. Commission somebody to release a solid enough alarming news (in this case somebody hacking AP), and buy the stocks once they plummet.[/QUOTE] You should watch the movie Side Effects.

[QUOTE=laserguided;40391089]Brilliant way to make money, I'll give the hackers that.[/QUOTE] Only problem being some overwatch probably going to beat down everyone who buys during that time.

whew i thought you meant adrian peterson

"[b]OH GOD! SELL SELL SELL! SHIT! BUY! BUY BUY![/b]" Said the stock brokers.

The economic system shit itself for a second.

Most of that nosedive trade is done by automatic algorithms skimming the most common news sites for keywords, only 1/3 or something of the trade is still done by humans

[QUOTE=Killuah;40391305]Most of that nosedive trade is done by automatic algorithms skimming the most common news sites for keywords, only 1/3 or something of the trade is still done by humans[/QUOTE] Why panic when you can have a machine do it for you?

Further illustrating the frivolity and folly of our economic system.

[QUOTE=luverofJ!93;40391394]Further illustrating the frivolity and folly of our economic system.[/QUOTE] One tweet did that. If our system of economics is so vulnerable that it can be penetrated and manipulated as such, then that's a testament to its utter lack of stability. This is not a good sign.

That graph makes me think of this: [video=youtube;KbCk1XNfTs4]http://www.youtube.com/watch?v=KbCk1XNfTs4[/video]

[QUOTE=Dukov Traboski;40390952]Imagine, like knowing this would happen and buying as much as you could when it dropped, then selling right as it went back up.[/QUOTE] Congratulations. You've discovered the hackers' true plot.

[QUOTE=SEKCobra;40391191]Only problem being some overwatch probably going to beat down everyone who buys during that time.[/QUOTE] that's not how the market works

Looks like hackers moved from DDoSing bitcoin exchanges to make money on the panic, to hacking twitter accounts of big media to make money on panic. :v:

But why did this Twitter account have such a massive efffect, isn't it only one stock report or something? Imagine if someone co-ordinated a hacking of all stock twitter accounts and maybe even websites. Holy shit the internet has a massive influence on this and LolSec didn't even think of it before they got raided

[QUOTE=Tacooo;40391704]But why did this Twitter account have such a massive efffect, isn't it only one stock report or something? Imagine if someone co-ordinated a hacking of all stock twitter accounts and maybe even websites. Holy shit the internet has a massive influence on this and LolSec didn't even think of it before they got raided[/QUOTE] You take one twitter account that is a verified and trusted news source, and it reports something like that? People believe it. And with how easy it is to retweet something, it fucking spreads, fast.

This might be really stupid... but I don't quite understand how a potential explosion at the whitehouse has such a dramatic effect on the stock market. Can somebody enlighten me?

[QUOTE=Scotchair;40392095]This might be really stupid... but I don't quite understand how a potential explosion at the whitehouse has such a dramatic effect on the stock market. Can somebody enlighten me?[/QUOTE] A national Crisis tends to hurt normal everyday life, people buy not necessarily more or less but different stuff, get scared and more conservative, tend to keep their money, important actions from the government are prolonged. For example: A terrorist attack could devalue the currency depending on the actions taken.

[QUOTE=Scotchair;40392095]This might be really stupid... but I don't quite understand how a potential explosion at the whitehouse has such a dramatic effect on the stock market. Can somebody enlighten me?[/QUOTE] With the glorious leader of the free country injured and the white palace bombed people were afraid of the economy crumbling i guess.

[QUOTE=CMB Unit 01;40391491]That graph makes me think of this: [video=youtube;KbCk1XNfTs4]http://www.youtube.com/watch?v=KbCk1XNfTs4[/video][/QUOTE] This is an accurate representation of the stock market and