HedgeChatter: Twitter IPO and the increasing role of social media in the stock market
In April, the Dow Jones industrial average dropped 150 points after a specious tweet made by The Associated Press claimed that an explosion at the White House caused injuries to President Obama. The tweet was quickly marked as fake, and the Dow stabilized after three minutes, but within that three-minute span, the hacked tweet “erased $136 billion in equity market value”. With the increased […]