Humans never learn and apparently neither do robots. Autonomous trading AIs went on a spending spree at Knight Capital Group in New Jersey this week, buying up shares in everything from RadioShack to Ford and American Airlines (ouch) in a 45-minute frenzy of disobedience. The company tried to offload the unwanted stock, but discovered it was already nearly half a billion dollars in the red -- enough to wipe out its entire profit from 2011 and "severely impact" its ability to conduct business. If only it had protected itself with one of these.
Filed under: Misc. Gadgets, Robots, Software
Robot stock traders lose $440,000,000 in 45 minutes, need someone to spell it out originally appeared on Engadget on Fri, 03 Aug 2012 10:02:00 EDT. Please see our terms for use of feeds.
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It might not pack the same thrill as the rumors of in-feed video, but Twitter has added clickable stock symbols on tweets. This now throws up search results for both the stock and the company, using a new 'cash' tag, like $FB, to differentiate from typical links and tags. As noted by TNW, it's bad news for the founder of StockTwits, a service that offered similar functionality to gather tweet-based financial nuggets. The new feature is live across Twitter's web client -- though it hasn't hit TweetDeck just yet -- and should make discovering exactly how many millions companies have made (or lost) all a bit faster.
Filed under: Internet
Twitter quietly adds clickable stock symbols originally appeared on Engadget on Tue, 31 Jul 2012 05:22:00 EDT. Please see our terms for use of feeds.
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Twentieth Century Fox and Netflix have announced a partnership that will bring additional television and movie content to avid streamers living in Latin America and Brazil later this year. Beginning on July 15th, TV mainstays -- including 24, Prison Break, Bones and Glee -- will be available via the movie rental company's Instant service in the aforementioned geographies. What's more, Twentieth Century's classic films division will add several movie titles, including cult-classics like Office Space and Wall Street, to the streaming menu. If you currently reside in Latin America or Brazil and are itching to know more, mosey on past the break and have a look at the full press release.
Netflix and Twentieth Century Fox ink deal to bring additional Instant content to Latin America, Brazil originally appeared on Engadget on Thu, 10 May 2012 04:30:00 EDT. Please see our terms for use of feeds.
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