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Flying Squid@lemmy.world to News@lemmy.world · 2 years ago

Glitch at New York Stock Exchange Throws Markets Into Chaos

gizmodo.com

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  • cross-posted to:
  • shitty_million_dollar_ideas@lemmy.dbzer0.com
  • crumbgrabber@lemm.ee
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Glitch at New York Stock Exchange Throws Markets Into Chaos

gizmodo.com

Flying Squid@lemmy.world to News@lemmy.world · 2 years ago
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28
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  • cross-posted to:
  • shitty_million_dollar_ideas@lemmy.dbzer0.com
  • crumbgrabber@lemm.ee
Financial markets experienced the second technical glitch in less than a week on Monday morning. Premium stocks displayed prices at a 99 percent discount.
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  • DominusOfMegadeus@sh.itjust.works
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    2 years ago

    It’s almost as if the made up nonsense of the stock market isn’t propped up by anything real.

    • PenisWenisGenius@lemmynsfw.com
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      2 years ago

      Boomers complain about youngsters wasting all their time playing pointless video games or fucking around on their phone and then turn around and do all this fake nonsense. At least video games are fun.

      • MrMcGasion@lemmy.world
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        2 years ago

        And if my actions in a game cause chaos, it’s much more limited to a silly little game world, rather than ruining innocent lives IRL.

  • 9tr6gyp3@lemmy.world
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    2 years ago

    It seems all these glitches happen when a particular stock is halted. Whats the pattern here?

    • Strider@lemmy.world
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      2 years ago

      The pattern is they’re making shit up.

      Also, speaking from professional IT experience, there is no such thing as a glitch. (There always are things that occur and to be analysed and fixed, but the more critical the data is or the transactions are, the more robust things are built/done.)

      • catloaf@lemm.ee
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        2 years ago

        “Glitch” is just the layman’s catch-all term for a problem.

        • disguy_ovahea@lemmy.world
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          2 years ago

          Like “hacking.” The vast majority of breaches are accomplished by password acquisition or social engineering. Why try to break 128-bit AES encryption when I can see your dog’s name on every instagram post? The user is most commonly the weakest point in security.

        • Iapar@feddit.de
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          2 years ago

          Thought a glitch is when a graphical interface bugs with artifacts and such.

        • Strider@lemmy.world
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          2 years ago

          Especially by these “laymen”, which in fnancials absolutely know what they are doing.

      • Daxtron2
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        2 years ago

        Things definitely go wrong in production all the lmao, even critical systems can fail

        • Strider@lemmy.world
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          2 years ago

          Of course they do.

          By bugs (self or dependency), negligence, wrong setup or architecture, for example.

  • Nobody@lemmy.world
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    2 years ago

    • CaptainSpaceman@lemmy.world
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      2 years ago

      Ook ook mutha fucka!

  • Tronn4@lemmy.world
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    2 years ago

    Sell me all the frozen orange juice futures yall got!

    • jackeryjoo@lemmy.world
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      1 year ago

      deleted by creator

      • Tronn4@lemmy.world
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        2 years ago

        • Flying Squid@lemmy.worldOP
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          2 years ago

          If only we could see more of what happened to them in Coming to America happen to other traders…

          • SynAcker@lemmy.world
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            2 years ago

            Yeah, but they end up getting a bailout from a rich unknown benefactor.

    • Ben Hur Horse Race@lemm.ee
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      2 years ago

      classic

  • edric@lemm.ee
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    deleted by creator

    • Eezyville@sh.itjust.works
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      2 years ago

      I really like the idea of random people causing chaos in the stock market. Fuggit I’ve got nothing to lose.

    • IchNichtenLichten@lemmy.world
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      2 years ago

      They’ve covered those calls they sold him, right?

  • Waldowal@lemmy.world
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    2 years ago

    That glitch that discounts stock prices by a percentage?! What? Does that block of the code normally only discount a stock by a percentage under different circumstances?

    • mrgreyeyes@feddit.nl
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      2 years ago

      You can invoke it with “speaker of the house” privileges.

  • maniii@lemmy.world
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    2 years ago

    I read somewhere that Berkshire Hathaway HFT algorithm was to blame for the “glitch”.

    • Flying Squid@lemmy.worldOP
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      HFT should be banned. If we’re going to keep up this illusion of a stock market, at least make humans do it.

  • Coasting0942@reddthat.com
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    2 years ago

    I saw this hacking movie before…

  • granolabar@kbin.melroy.orgBanned from community
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    2 years ago

    Wrong people lost money, it ain’t no thing tho, they undid them trades today…

    Clown fucking markets

  • zcd@lemmy.ca
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    2 years ago

    That’s no glitch

  • 🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 🏆@yiffit.net
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    2 years ago

    But it ain’t no lie, baby

    BUY BUY BUY!

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