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- United Airlines stock rapidly fell to 1 cent, down $12.29, on September 8
- The article showed up in the "Most Viewed" section on the newspaper South Florida Sun-Sentinel's Web site on September 8, 2008
- Was published by parent company Chicago Tribune six years earlier
- Appeared on the "Most Viewed" section because of one reader clicking on the story early morning September 7, a SundayTimes Online: Probe into how Google mix-up caused $1 billion run on United small(September 12, 2008)
- Google software picked up the story a few minutes laterIT World: UAL story revived by clicks on paper's Web site (September 11, 2008)
- An investment firm in Florida found the story by searching on Google and posted the information on the financial Web site Bloomberg, which caused many investors to read itIT World: UAL story revived by clicks on paper's Web site (September 11, 2008)
- United Airlines filed for bankruptcy in 2002, but exited bankruptcy in 2006
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The US Securities and Exchange Commission is starting an investigation on how a six-year-old article on a previous United Airlines bankruptcy caused the airline stocks value to drop by $1 billion on September 8, 2008.Times Online: Probe into how Google mix-up caused $1 billion run on United (September 12, 2008)The article appeared in the "Most Viewed Section" of a Florida newspaper the same day, although it was published in 2002. The news section of the search engine Google picked up the story, which soon circulated around the Internet. The stocks recovered later in the day after it was clear the story was incorrect.Forbes.com: How A Botched Web Story Wiped Out... (September 8, 2008)
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Google United Airlines Questions
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What are the major airlines flying into Vera Cruz? 1 AnswerContinental Airlines flies between veracruz via Houston. Several airlines fly between Mexico city and Veracruz... http://adventuretravelinstitute.com/trips/vera... read more -
What are the discount airline flights into Mexico City? 1 AnswerMexicana Airline which is a low fare airline Aerolineas Airline is also a low fare airline read more
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Do you like to fly Delta or Southwest airline? 2 AnswersSouthwest for almost all the same reasons. They are some of the cheapest fares. If you check and they have "wanna get away" prices you hit the jackpot. And I th... read more
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What airlines currently offer wifi on transatlantic flights? 2 AnswersIt appears as though no one airline offers it consistently across the board. Boeing has added Wifi connections (via satellite) on it's later model planes ... read more
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United Airlines Announces Try-Before-You-Buy In-Flight WiFi ...Google Alerts - wifi support http://tinyurl.com/yg3on2n
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