UAL Corp.’s stock bottomed out Monday morning after a six-year-old news report about the company’s Chapter 11 bankruptcy filing resurfaced on the Internet.
The report sent shares of the Chicago-based carrier plunging to 1 cent, from a close Friday of $11.92, before trading was halted.
The fallout spread to the industry as a whole, pushing down airline stocks 20% at one point Monday morning.
United in a statement said the South Florida Sun-Sentinel was responsible for its stock tanking after the paper posted as current news on its Web site a six-year-old news story written by sister publication the Chicago Tribune.
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I remember something similar happening on the BBC's site, a story about a man having to marry a goat in Sudan because he was caught having "relations" with it popped up again in the most read or most emailed years later. I'm guessing it's some kind of hole in the system that made that story pop up again - you could probably use quite a few zombie systems to all access an old story like that and then it comes back up to the list of most read again.
Now I read the date was changed when the story was republished. The plot thickens...
Shouldn't this have a world's awfulest newspaper tag?
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