The Power of a Tweet

Still doubting the importance of Twitter? Last Tuesday the Associated Press’  account got hacked, leading to the creation of the false Tweet pictured below.  Even more startling is the fact that Wall Street investment firms who use algorithms that instantly buy and sell stocks based on scanning news feeds (including those on Twitter) went into a tailspin causing the Dow Jones to drop 145 points in an instant.  While the market quickly recovered, that one Tweet temporarily had a $200 billion impact on our economy.

Screen Shot 2013-04-30 at 9.51.39 AM

[via Wall Street Journal]


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: