[Search-l] Outdated bankruptcy story sparked a $1 billion run on an airline’s stock value

[g.lippitt at att.net]

This happens fairly often with Google. This time it was a problem because the date was changed to the current date (presumably by Bloomberg).
-------------- Original message from "Fred Bauder" <fredbaud at fairpoint.net>: -------------- 


> > 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 
> 
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