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One of the most interesting things about the catastrophe at Knight Capital Group?the trading firm that lost $440 million this week?is the speed of the collapse. News reports describe the bulk of the bad trades happening in less than an hour, a computer-driven descent that has the financial community once again asking if their pursuit of profit has lead to software agents that are fast, dumb, and out of control. We?re posting this story in advance of its publication in Wired?s September issue because it examines how Wall St. got...
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Published By: Wired - Friday, 3 August, 2012
Yahoo board approves $1.1B acquisition of Tumblr -- WSJ Cnet (Today) - The Wall Street Journal is reporting on Twitter that Yahoo's board has given the green...
Yahoo to acquire Tumblr in $1.1 billion cash deal Engadget (Today) - That cat's out of the bag a day early, it seems. Yahoo's board has...
