Last week the forces of automated media and automated financial trading collided to create a billion dollar mistake. Millions of United Airlines shares were traded based on information from an outdated story that mistakenly hit the web. James Surowiecki, author of The Wisdom of Crowds, explains what happened.
Monopolist
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Comments [1]
If it hadn't happened just before the crisis we've watched unfold this week and, perhaps, helped it reach a tipping point, I'd have just called this situation hilarious.
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