Who you gonna call when a fake AP tweet blows up Wall Street?

by

Why our very own Lev Lesokhin, of course.

If you were on Twitter Tuesday (or watching the market index), you no doubt saw AP’s fake tweet regarding an explosion at the White House that wounded the president, and the market and media frenzy that followed as a result. Not only was it remarkable to see the effect one rogue tweet could have on market stability (it temporarily wiped out $136B from the S&P 500), but the whole episode also underscored how fast paced the world of business has become.

After the episode was over, news organizations scrambling to cover the story wanted to know how this could have happened, and what, if anything, could have been done to prevent it. CNBC’s Fast Money asked our very own Lev Lesokhin to weigh in on the issue on air. You can watch his commentary here.

Did AP’s fake tweet affect you?  What do you think needs to be done to keep our financial markets stable?

Filed in: CAST News
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