One Fake Tweet Causes Millions in Losses and Gains in Stock Market

April 23, 2013 By

nyseUSA Today reports:

Stocks plunged briefly Tuesday after a fake tweet from the Associated Press’ Twitter account said there had been two explosions at the White House and President Obama was injured.

The Dow Jones industrial average plunged more than 128 points in seconds, but quickly recovered when the tweet was found to be a hoax.

Really. Just one, single, lone fake tweet, and the Dow Jones industrial average fell 128 points.

What power is had by whoever runs the AP Twitter account!

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