AP Twitter Hack

  • Aired:  04/24/13
  •  | Views: 40,240

A group called the Syrian Electronic Army sends a fake tweet about explosions at the White House, triggering a mini flash crash. (3:28)

( CHEERS AND APPLAUSE )

>> STEPHEN!

STEPHEN!

STEPHEN!

( CHEERS AND APPLAUSE ).

>> Stephen: VERY NICE.

VERY NICE.

WELCOME TO THE REPORT.

GOOD TO HAVE YOU WITH US.

THANK YOU SO MUCH.

( CHEERS AND APPLAUSE ).

FOLKS, THANK YOU SO MUCH.

THESE ARE GOOD PEOPLE.

VERY GOOD PEOPLE.

>> STEPHEN!

STEPHEN!

>> Stephen: THANK YOU SO MUCH.

THAT WAS DONE WITH ALL THE

PRECISION OF A SYNCHRONIZED SWIM

TEAM.

IF SWIM TEAMS CHANTED AND THERE

WAS NO WATER.

YOU WATCH THE NEWS.

PEOPLE SAY THE ECONOMY IS IN

DUMPS.

I DON'T KNOW.

I'M DOING OKAY.

ESPECIALLY SINCE THE STOCK

MARKET IS NEAR RECORD HIGHS.

I DON'T UNDERSTAND WHY THOSE

UNEMPLOYED PEOPLE JUST DON'T GET

THEIR OWN HEDGE FUND.

OF COURSE NO MATTER HOW STRONG

IT SEEMS THE MARKET CAN

SOMETIMES OVERREACT TO BAD NEWS

AND YESTERDAY THE DOW WAS A BIT

OF A DRAMA QUEEN!

JIM?

>> IF YOU BLINK YOU MISSED IT.

WE HAD A MINI-FLASH CRASH THIS

HOUR.

>> THE DOW JONES AVERAGE FELL

NEARLY 150 POINTS IN TWO

MINUTES.

THE MARKET REGAINED THE LOSSES

FIVE MINUTES LATER.

>> Stephen: FOR INVESTORS LIKE

ME, IT WAS A REAL ROLER COASTER

RIDE.

I STILL CAN'T BELIEVE I BLEW $16

FOR THE SOUVENIR PHOTO.

NOW EVEN MORE UNNERVING WAS WHAT

CAUSED THE CRASH.

>> TUESDAY AFTERNOON THE

ASSOCIATED PRESS TWEETED ABOUT

EXPLOSIONS AT THE WHITE HOUSE

AND INJURIES TO PRESIDENT OBAMA.

>> THAT IMMEDIATELY SENT WALL

STREET OFF INTO A TAILSPIN FOR A

DRAMATIC FEW MINUTES.

>> TO HAVE THAT KIND OF IMPACT

FROM A 140 CHARACTER TWEET, THAT

IS ACTUALLY QUITE SIGNIFICANT.

>> Stephen: NOW, IT TURNED OUT

TO BE FALSE INFORMATION.

STILL IT WAS THE MOST

EARTH-SHATTERING TWEET SINCE THE

TWIT-PIC OF DAN KISSING ALI WHEN

HE'S STILL DATING JESSICA.

I MEAN HASH TAG MAN SLUT.

IT TURNS OUT THE A.P.'S TWITTER

FEED WAS HACKED BY A GROUP

CALLING ITSELF THE SYRIAN

ELECTRONIC ARMY.

I SAW THEM AT BONNAROO IN 2006.

THEY'RE AMAZING.

ANYWAY, IT FOOLED WALL STREET

BUT YOU'VE GOT TO UNDERSTAND,

THESE TRADERS ON WALL STREET ARE

ONLY HUMAN.

EXCEPT THIS ONE TIME.

>> HUMAN BEINGS WEREN'T MAKING

THESE TRADES.

THESE WERE COMPUTERS.

ALGORITHMS DESIGNED TO SCAN THE

HEADLINES AND FIND NEGATIVE OR

POSITIVE WORDS AND THEN HELP

COMPANIES PROFIT ON THE RESULTS.

>> THEY'RE LOOKING FOR KEY WORDS

LIKE EXPLOSION, WHITE HOUSE,

PRESIDENT, OBAMA.

THEY READ THOSE WORDS IN THAT

FAKE A.P. TWEET AND IMMEDIATELY

TRIGGERED MASSIVE SELLING OF

STOCK.

NO HUMAN BEINGS INVOLVED

WHATSOEVER.

>> Stephen: NATION, THIS IS A

MAJOR BREAKTHROUGH IN COMPUTING.

WE NOW HAVE MACHINES THAT CAN

RECEIVE BAD NEWS AND FLIP THEIR

[BLEEP] MILLIONS OF TIMES FASTER

THAN ANY HUMAN

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