Amazon Crashed 87% OVERNIGHT!
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
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.
When has the "test data" excuse ever held legitimacy? Numbers like that don't just go ignored... What are they up to?
They're "testing" how far they can shift the Overton Window to make massive market manipulation an acceptable practice.
dafuq. Sketchy eh? Any interesting alternatives to AMZN budding in the crypto garden?