Tweet It Ain’t So! Can Social Media Wreak Havoc in Markets?

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Last week the big news was the Associated Press’ Twitter account getting hacked and the stock market taking a 150 point dip on the ‘news’ of the bombing that injured the president.

The markets recovered quickly but I know my first thoughts were:

  1. Someone has shown just how fragile the markets are to any kind of news whether it’s real or not
  2. Someone just got very rich on this deal
  3. This won’t be the last time something like this happens

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