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United’s share slide: A comedy of errors

Started by mathewi · 9 months ago

On Monday, shares of United Airlines lost more than 75 per cent of their value — erasing about $1.2-billion from the company’s market capitalization — after a story about the airline’s bankruptcy in 2002 somehow got pushed onto the website of a Flo ... Continue reading »

3 comments

  • Daniel Gibbons

    9 months ago

    The worst part is that those with stop-loss orders weren't protected as they usually would be if it was an error in the exchange's software. Apparently NASDAQ won't "bust" the trades because they consider that people were simply selling on news that they don't police.
    reply
  • mathewi

    9 months ago

    Unfortunately, the exchange can't really do much about the fact that
    people traded without even checking the facts. It happens from time to
    time when people trade the wrong stock symbol too.
    reply
  • Thomas

    9 months ago

    I've been wondering when this would happen. I do a lot of research on the Net and I've noticed a lot of content is now appearing undated. I think it's because the websites don't want their content to age. A lot of news and analysis websites don't date their information which is a shame and this is a prime example why.
    All blog, news and reporting should be dated clearly. But it's not.
    reply

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