Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
More
Related Discussions
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Refinance Your Mortgage if You Can Cut At Least One Point

Refinance Your Mortgage if You Can Cut At Least One Point - Refinancing a mortgage only makes good sense if you are going to save more than 1% on the...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

Cnn Stock Quotes

In a report by Sarah Perez, a false story iReport, CNN's citizen journalism site, caused a major drop in Apple's stock. The report said that Apple CEO Steve Jobs suffered a heart attack, and spread across the online community like wildfire. The story has been removed, but before it disappeared it was fact-checked by Silicon Alley Insider, a blog. When asked, Apple quickly set the record straight: Jobs did not suffer a heart attack; it was just a maliciously spread rumor.

"But the damage was already done," says SitePoint blogger Josh Catone. "Apple's stock price fell about 10 percent as the bogus report spread across the Internet during the morning trading session (it has since recovered). Perez says that citizen journalism has failed us, noting that episodes like this reflect poorly on CNN and on citizen reporters who take their responsibility seriously."

"But," asks Catone, "was it citizen journalism that failed us? Or was it the Internet in general? The web is the latest in a string of new technologies over the past hundred years that have continued to shorten the news cycle from days (newspaper) to hours (radio/television) to minutes (blogs/cell phones) to seconds (Twitter)? There is danger in the ever shorter news cycle."

It's not the only time that time a company's stock took a tumble because of a rumor or error that spread widely and quickly as fact across the Internet. The web is hard to control, and a lot of the information on it is bogus.

"A month ago, United Airlines saw their stock plummet 75 percent after a bug in Google news surfaced a six year old story about bankruptcy. Whether caused by a bug in Google's technology or a shoddy content management system at the paper that failed to date, or put the wrong date on the old article is still up in the air. In the age of instant information, the point is that "news" on the Internet can have immediate or disastrous results whatever the source," Catone points out.

These are just but a few of many such incidences. "In May of 2007, a rumor reported on the widely respected blog Engadget -- which is owned by traditional media company AOL -- about delays for Apple's iPhone wiped $4 billion off Apple's market cap in just a few minutes. The stock recovered after Engadget posted a retraction, but again -- a shoddy source led to disaster in just minutes because of how fast information spreads," reported Catone.

"What all these anecdotes tell us is that on the web, rumor has become a very powerful and dangerous thing, Catone concludes. "Much more powerful than it was ten or twenty years ago, when rumors couldn't spread nearly so quickly and could often be squashed by pesky facts before doing much damage."

Discuss It!
1 2 >

Jasa SEO said:

This is the stock info that we are really looking for. Thanks.

bikini body guide workout program said:

This is truly magnificent. I perceive for this point. Thank for spend push to shape an incredible subject like This.you are especially beat focuses in this article.

etiketten hersteller said:

A commitment of gratefulness is all together to post !Thanks for making such a not all that awful article,

192.168.1.1|192.168.1.1|192.168.1.1|192.168.1.1 said:

thanks a lot for sharing such nice information here

Showbox Alternatives said:

Looking for similar apps like showbox ? See top rated best showbox alternatives 2015. Watch free movies shows on Moviebox,Playbox

SEMrush Coupons said:

SEMRush coupons and promo codes as of Dec 10. Popular now: Check Out SEMRush Guru Plan Today!. Trust Coupons.com for Software savings.

mini militia mod said:

the info you provided is worth it! thanks for the share

http://net-worths.org/models/ said:

You raised a few things that I will review for an expansive time bit to come.

superiorpaper.com said:

I want to thank the person who gave us all of this wonderful information on stock because this has helped me out very much. I really needed to get some information on this topic for my paper but I did not have any. I have plenty now!

The Woman Men Adore said:

Why do only so much written on this subject? Here you see more.

Devotion System said:

Actually I read it yesterday but I had some thoughts about it and today I wanted to read it again because it is very well written.

BashForTheBull said:

I like this topic.This site has bunches of advantage.I discovered particular captivating things from this site.

BashForTheBull said:

It helps me in different ways.Thanks for posting this again.

carpet cleaning hatfield said:

Within this webpage, you'll see the page, you need to understand this data.

Samui Property said:

I agree with your decisions and will enthusiastically expect your future redesigns Great tips and direct.

download free files said:

I recognize that the custom mixes after this..thumbs up for your work.It seems for the most part as put packs of importance and exertion in your site.

image source said:

Thanks expected for sharing the particular article, shocking approach to manage regulate control go on the show for you talk.

whatsapp status said:

Appreciative for offering this confounding site page to us.My bliss to getting in contact on your blog.

http://www.sarcasm-music.com/ said:

The time which was wasted in going for edifying cost now it can be used for studies.

top said:

My delight to getting together on your blog..I wanna come beck here for new post from your site.I genuinely like the wildness your pass on has progressed.

Most Popular Articles
Most Popular Definitions
Related Questions
 
Daily Definition

Definition of the Day Survivorship Bias

Survivorship Bias In many cases, a company that has made it through a rough patch in its existence will be penalized in any reports that come out because of survivorship bias. These reports will not show that other companies have gone out of business during the...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com