It's incredible that this story had such a dramatic effect on UAL. This suggests... | Hacker News

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		mhartl on Sept 11, 2008 \| parent \| context \| favorite \| on: Bad "most popular" algorithm led to United Airline... It's incredible that this story had such a dramatic effect on UAL. This suggests a strategy: `1. Plant bad stories about large companies. 2. Buy put options and wait. 3. Profit!`

dfranke on Sept 11, 2008 | [–]

This is nothing new; it happens all the time, though usually with smaller companies. It's quite illegal, of course.

danteembermage on Sept 11, 2008 | [–]

In the trade this is known as "Short and distort" You can probably guess how "pump and dump" works now right?

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