Last week United Airlines (or more properly its stockholders) had an unfortunate information experience. It turns out to be pretty delicious stuff from a sociology of information point of view. Apparently, a small newspaper in Florida linked to an old news story about UAL declaring bankruptcy (in December 2002). A google search by a staff member at a financial information website brings up the article (some sources say on a page with that day’s date on top so that it was easily mistaken for new news as opposed to old news). The info goes on the newsletter site and they are picked up by Bloomberg, perhaps the most widely distributed financial news service. Services like Bloomberg serve up headlines that anyone can see with links to full stories available only to subscribers. Once the headline hit Bloomberg, traders around the world start dumping UAL stock and other news services apparently compounded the misinformation by repeating it.[see also FN1]
So there’s lots of grist here for my chapter on technology and the information order, but for the moment I’m stuck on what we learn here about our assumptions about humans as components of information networks. Of course, we all know examples of people who don’t think before passing along what they have heard, but we recognize that we think of it as a basic norm of communication network membership: use common sense, don’t be a hollow, mechanical repeater. It’s a responsibility hinted at by many religions’ prohibitions against gossip, idle talk, and so on, although these are often primarily about spreading harmful (true or false) personal information.
FN1: On a completely different analytical trajectory, one might inquire as to whether there will be a tendency here for the fingers to point, and the investigative paths to lead, in the direction of the deepest pockets (probably google).
