Post ‘Hash Crash,’ Social Media Traders Experience Trust Issues
The Dow Jones Industrial Average fell more than 150 points, the price of crude oil plummeted, and US bond yields dropped, briefly wiping $121 billion off the value of companies in the S&P 500 index on April 23, after hackers hijacked the Twitter feed of US news agency the Associated Press (@AP) and tweeted that bombs had exploded at the White House, injuring President Barack Obama.
The AP quickly confirmed that the tweet was a hoax, and stock, bond and oil prices recovered their original
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