Robots Take Down Wall Street II

[Captain]

So, here's a story...

On Wednesday robot traders at Knight Capital decided to go on a spending spree buying up Ford, American Airlines and others. Knight Capital shut it down in just 45 minutes and sold off the shares on Thursday...but for a $440,000,000 loss.

Yup, just short of HALF A BILLION DOLLARS in losses in less than an hour. Ouch.

Story

 

[Rigged4Flight]

oh. my.

 

[hopmedic]

Oops.

 

[Capt. Geoffrey Thorpe]

The robots were making money until a human stepped in and shut them down - and then sold at a loss the next day.

 

[EppyGA]

Buy high....sell low

 

[denverpilot]

Do they also have a snarky car named KITT?

 

[steingar]

Skynet attacks.