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CNBC Software Flaw Worth $1 Million?

Strudelkugel writes "BusinessWeek tells the story of one obsessive fan who unraveled a software glitch worth one million dollars. Jim Kraber was a regular CNBC viewer, and when the opportunity arose he took the 'Million Dollar Portfolio Challenge' very seriously. At one point, he was spending 12 hours a day on the contest, using three computers to trade 1,600 different portfolios in a theoretical stock game. His efforts got him into the top 20 finalists, but in the last round of trading he noticed some unusual patterns. 'One trader had a stream of near-perfect picks, consistently placing huge bets on shares that soared in after-hours trading. Kraber suspected the trader and perhaps others were getting help from someone who was changing their picks after the stocks' increases — and he quickly notified CNBC ... Kraber says CNBC rebuffed him at the time, but now it looks like he may have been right.'"

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  1. Re:Flaws in contest software by MadCow42 · · Score: 4, Insightful

    Behind every Marketing person with an idea, there is a programmer that has to implement it. I don't think you can blame the technical issues you quoted on bad marketing... just poor programming.

    Yes, I'm in Marketing... and yes, I also program (semi-professionally). However, I realize that I am not the person best qualified for doing "mission-critical" projects like that (mission-critical to a Marketing program, in this case).

    MadCow.

    --
    I used to have a sig, but I set it free and it never came back.