When Machines Rule the World | Gentlemachines | Scoop.it

"IAC, The Daily Beast’s parent company, got a lesson in how auto-generated data can wreak havoc on a corporation’s best-laid plans.

(...) The Daily Beast’s parent company, gyrated wildly in the mid-morning. The culprit was a single piece of information that turned out to be incorrect. The mistake was corrected, but not before several hundred millions dollars of shareholder value had disappeared."