The market dropped 100 points yesterday after the Associated Press Twitter feed was hacked and a fake tweet went out stating that there were two explosions at the White House and the President was injured. The incident lasted about four minutes, and the market quickly recovered after AP announced that they had been hacked. Social media is playing a larger and larger role in breaking news as
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we saw during the Boston Marathon
bombing, but it is also more vulnerable to malicious actions and rumors. I have embedded video below that explains the incident.
