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What type of technology updates will NYSE introduce post-June 3, 2024 glitch by December 31, 2024?
5
Resolution / Starting Odds
New trading platform • 33%
Enhanced security measures • 33%
Both • 34%
Official NYSE announcements or press releases
Story
NYSE Investigates Technical Glitch After Berkshire Hathaway Stocks Plummet 99%, Wiping Out Billions
Jun 3, 2024, 02:20 PM
On June 3, 2024, Berkshire Hathaway's stock, including both $BRK.B and $BRK.A, experienced a dramatic drop of nearly 99%, a situation mirrored by several other stocks on the New York Stock Exchange (NYSE), including $GOLD. This sudden plunge is attributed to a technical glitch, prompting the NYSE to halt trading and launch an investigation into the issue. The glitch caused significant volatility, with some stocks incorrectly showing massive losses, wiping out hundreds of billions in value. The NYSE is currently probing the technical issue to understand the cause and mitigate its impact, as reported by CNBC.
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Message encryption • 25%
Video content enhancements • 25%
New monetization options • 25%
Algorithm changes • 25%
New monitoring software • 33%
Enhanced existing software • 33%
No new technology announced • 34%
Software error • 25%
Hardware failure • 25%
Cyberattack • 25%
Human error • 25%
New disclosure rules • 25%
Increased enforcement actions • 25%
Revised compliance guidelines • 25%
Introduction of new transparency measures • 25%
