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Google's web crawlers have been blamed for reclassifying a six-year-old news story as breaking news and sending the shares of United Airlines (UAL) into a tailspin.
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A 2002 Chicago Tribune story about the airline UAL declaring bankruptcy caused the company's stock to lose nearly all of its value after an investment firm posted it on the Bloomberg financial news service on Monday.
UAL shares fell 76 percent to $US3 after the article was posted on the Bloomberg financial news service. The magnitude of the decline may underscore the lack of confidence investors have in UAL and the troubled airline industry in general.
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A 2002 Chicago Tribune story about the airline UAL declaring bankruptcy caused the company's stock to lose nearly all of its value after an investment firm posted it on the Bloomberg financial news service on Monday.
UAL shares fell 76 percent to $US3 after the article was posted on the Bloomberg financial news service. The magnitude of the decline may underscore the lack of confidence investors have in UAL and the troubled airline industry in general.
Ouch ...