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How a phony tweet and computer trades sank stocks

Stock Market - AP

For a few surreal minutes, a mere 12 words on Twitter caused the world's mightiest stock market to tremble. No sooner did hackers send a false Associated Press tweet reporting explosions at the White House on Tuesday than investors started dumping stocks - eventually unloading $134 billion worth. Turns out, some investors are not only gullible, they're impossibly fast stock traders.

 

Zynga Q1 Earnings Beat Street, But Shares Down

Zynga posted first quarter 2013 earnings that beat analysts expectations, but shares are trading down after-hours on future outlook.

 

Zach Braff Launches Kickstarter for New Indie Film, Bypassing Traditional Hollywood

Zach Braff - THR

Braff tells THR that he turned to Kickstarter over financiers because, "When you’re trying to make these smaller personal art films, the idea of giving final cut away to someone else, it doesn’t make any sense for me." Zach Braff is hoping the internet will kickstart his writing/directing career back to life.

 

Meetup CEO Points To Booming Growth As His Company Hits 100 Million RSVPs

As his company readied to push past the 100 million RSVP mark earlier this month, Meetup CEO Scott Heiferman refused to celebrate.

 

Hackers compromise AP Twitter account

Hackers compromised Twitter accounts of The Associated Press on Tuesday, sending out a false tweet about an attack at the White House.

 

Vast majority of global cyber-espionage emanates from China, report finds

Cyber Spies - Washington Post

Analyses of hundreds of documented data breaches found that hackers affiliated with the Chinese government were by far the most energetic and successful cyberspies in the world last year, according to a report to be issued Tuesday by government and industry investigators.

 

Reddit publicly apologizes 'for the pain' caused to family of falsely accused student

Sunil Tripathi - NBC News

The family of Sunil Tripathi endured much emotional pain as speculation swirled that the still-missing Brown University student was a suspect in the Boston Marathon bombing. Users of the Reddit social news site fanned the flames — and now they, along with the site's leadership, are apologizing to Tripathi's family.

 

Mixed reviews for Facebook Home

Facebook Home - BBC

Facebook's Home app for Android phones has been downloaded more than 500,000 times from the Google Play store since its release on 4 April. But it has received mixed reviews from users, with an average rating of 2.2 out of five stars.

 

Senate planning vote on Internet sales tax bill

The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years.

 

Boston: Internet detectives get it wrong

For the past 48 hours, internet users have been working with each other to piece together clues about the culprits of the Boston bombings. The result? They got it wrong - and left innocent people fearing for their safety. Many are now asking: should "crowd-sourced investigations" be stopped?

 

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