Monday, September 8, 2008

This Is How New Age "Works"

"Shares of United Airlines lost nearly all their value Monday morning when a false rumor swept financial markets that the struggling carrier had filed for bankruptcy protection.

United shares traded at one cent in late morning on the New York Stock Exchange, down 99.92 percent, or $12.29. Its volume was more than 29 million shares. Trading in United shares was halted at 11:08 a.m., pending news from the company. Trading resumed at 12:30 p.m., and by early afternoon, shares had nearly recovered, down 70 cents, to $11.60."

-- Michelle Maynard, showing how easily (and quickly) bad information can travel in the modern era - and the severe damage it can cause - in the New York Times.

Think of the NewAge anti-vaccination movement, among others,...

No comments:

Post a Comment