Archive

NASDAQ Goes Down, but the Scary Part Is Any Lack of Sensible Explanation

Information, Please

The electronic exchange crashed for three hours Thursday, much like recent crashes by Google and Amazon. Daniel Gross explores the mystery.

articles/2013/08/22/nasdaq-goes-down-but-the-scary-part-is-any-lack-of-sensible-explanation/130822-gross-nasdaq-tease_xmjx9w
FactSet/AP

Three is a trend. And we have a distinct trend of 21st century, ultra-modern, transmission-and-distribution-and-exchange systems inexplicably crashing.

On Thursday, it was NASDAQ. The (irony watch!) electronic exchange, where technology stocks like Intel, Microsoft, and Apple are traded, simply went down at about 12:15 p.m.,

This won't last long. One year of fearless reporting for only $35 $25.

Don't miss this subscriber exclusive article. 

Got a tip? Send it to The Daily Beast here.