[Search-l] Outdated bankruptcy story sparked a $1 billion run on an airline’s stock value

[Fred Bauder]

> A surfer views a newspaper old article about a company's bankrupcy on a
> low traffic period.
> It bumps to Popular Stories
> Google News Bot catches it as a new article
>  From Google News it moves to Bloomberg financial information service
> Investors dumps the stock
> Algorithms also sell.
> The stock plunged from around $12 to just $3 a share
>
> http://technology.timesonline.co.uk/tol/news/tech_and_web/article4742147.ece

If I were doing the suing of Google, I would point out that there was
existing technology in use (on Search Wikia) which, if in place on
Google, would have encouraged user input which would have permitted user
feedback which could have prevented continued display of the error a top
hit. Of course a user would have to actually have read the story. Traders
may not.

Fred