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.


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

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

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