This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 16 °C Monday 13 July, 2020

This is how the markets reacted to fake news tweet

The tweet erroneously said there had been two explosions at the White House and President Barack Obama was injured.

STOCK PRICES TOOK a battering earlier today after the Associated Press’s Twitter account was hacked and an erroneous tweet sent.

The tweet claimed that two explosions had occurred at the White House, injuring President Barack Obama.

The news agency’s Twitter account, which has almost two million followers, has been suspended since the incident. The AP said it was working to correct the issue, confirming that the hacking was preceded by a phishing attempt on its corporate network.

Image: @foxcarolinanews

The AP released the following statement at 6:12pm (Irish time): “The@AP twitter account has been hacked. The tweet about an attack at the White House is false. We will advise more as soon as possible.”

The Dow Jones industrial average fell more than 150 points after the fake Twitter posting, then quickly recovered.

Other markets, including oil, the yield on US government bonds and the 10-year Treasury note, also reacted negatively to the fake posting. The turmoil lasted about five minutes.

-Additional reporting by AP

PICS: The global financial crisis summarised in five graphics

  • Share on Facebook
  • Email this article

Read next: