A major technical glitch caused Amazon to crash 87% overnight and Zynga to briefly show a 3000% rise triggering trading halts in some securities.
Images courtesy of Zerohedge
The "technical glitch" was caused by the apparent misuse of "test data" by a third party during after-hours trading. This claim raises more questions than answers however: What sort of "test data"? Why was it distributed? For what purpose was it distributed? Why was it distributed on a US holiday when liquidity was so low?
Keep in mind this isn't the first time a major technical glitch has occurred on a US holiday; gold prices went wild on Thanksgiving of 2014.
More questions than answers at this point.
Stay curious my friends.
Interesting. Looks like a crypto chart haha
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I know what you mean! At first I wasn't too surprised when seeing the chart... crypto has desensitized me to massive volatility for better or worse.
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When has the "test data" excuse ever held legitimacy? Numbers like that don't just go ignored... What are they up to?
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They're "testing" how far they can shift the Overton Window to make massive market manipulation an acceptable practice.
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dafuq. Sketchy eh? Any interesting alternatives to AMZN budding in the crypto garden?
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