Twitter Users Weren’t the Only Ones Panicked by AP Hack

by Categorized: Business, Data Date:

The hacking of the Associated Press’s Twitter account created more than an embarrassment for the global wire service and way too many panicked retweets. It also caused an ever-so-brief panic on Wall Street.

As the chart below shows, trading volume soared and the Dow Jones Industrial Average plummeted (as did broader market indices) following a bogus Tweet indicating multiple explosions at the White House.

The market quickly recovered, but in that brief window, the market capitalization of U.S. stocks fell and rose by about $180 billion – suggesting that some people made a lot of money, and other people lost it, during the prank.

DJIA

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4 thoughts on “Twitter Users Weren’t the Only Ones Panicked by AP Hack

  1. Lee Brim

    what is most amazing is how the stock market is increasing from Fed printing money and not real economic growth.

    Reply
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