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UAL debacle

2008-09-09 04:07:17.527462+00 by Dan Lyke 3 comments

Always date your web content: Stock analyst finds story on big newspaper web site saying United Airlines is declaring bankruptcy, publishes recommendations, UAL crashes, article is actually six years old. Story originally ran in Chicago Tribune, resurfaced through some glitch of content management on South Florida Sun-Sential, also owned by the Tribune company, and

Its impact on United's stock was swift and terrible. In the span of 10 minutes, 24 million shares changed hands. The stock, trading at $12.45, crashed to $3, according to Nasdaq.


[ related topics: Content Management Aviation Journalism and Media Economics ]

comments in ascending chronological order (reverse):

#Comment Re: made: 2008-09-09 13:15:47.687416+00 by: JT

Ah free trade... fueled almost purely by rumor and speculation. I'll be right back, going to fill up my tank for $4.20 a gallon.

#Comment Re: made: 2008-09-10 12:14:32.957614+00 by: petronius

One certainly hopes the SEC will look into those who shorted United just before this "unfortunate misunderstanding".

#Comment Re: made: 2008-09-10 12:21:50.981502+00 by: radix

considering the lack of action on IndyMac Bank, I'd say don't hold your breath