Posted On: September 10, 2008 by Philip Bartlett

Florida Chapter 11 Bankruptcy Report on Google Prompts Selloff

Bankruptcy reporting is now proven to be a very risky business as Google made a blunder stating United Airlines was declaring Chapter 11. Apparently it was a recycled report from years ago, and was for some reason published in a local regional newspaper- the Florida Sun Sentinel. The blunder is discussed by The Los Angeles Times in this article- United Shares Plunge 76% on Bogus Bankruptcy Report. I am unsure why this Florida newspaper was reporting on the bankruptcy, but Google carried the story until it was flagged for removal.

This also demonstrates the power online search engines possess as they affect the lives of everyday people and even now large companies, whether or not they are really filing for Chapter 11.

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