The Wolf of Wall Tweet

5/26/2015

This article discusses the story of a trader who lost a significant amount of money due to an algorithmic trading bot that misinterpreted Twitter messages. The bot was programmed to analyze Twitter sentiment and make investment decisions based on the data. However, a single tweet from a hacked Associated Press account falsely claimed an attack on the White House, causing the stock market to briefly plummet. The bot, unable to detect the tweet's falsity, automatically started selling securities, resulting in substantial losses for the trader. The incident raises questions about the reliability and risks associated with relying on algorithmic trading systems.

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