A Series of Unfortunate Events

Friday, September 12, 2008

Transcript

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 Millions of United Airlines shares were traded based on information from an outdated story that mistakenly hit the web.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.
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Comments [1]

Chris Gray from New Haven, CT

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.

Sep. 19 2008 01:26 AM

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