Once again, Google shows us how much power it has.
United Airlines got a taste of the wrath of Google when their stock prices took a beating yesterday. Here is the timeline of events:
9:55 am CST: Bloomberg LP picks up a 2002 report that United Airlines is filing for bankruptcy. United shares fall from $11.75 to about $3, which is a record 70% loss of equity in 5 minutes!
10:08 am CST: NASDAQ halts trading to let United Airlines comment on the situation. United issues a denial of the outdated story.
11:30 am CST: Trading resumes, with shares trading at $10.92, down $1.38.
Chain of Misinformation: Who got it from whom?
Bloomberg 2008 → Securities Advisors Inc. Florida → South Florida Sun-Sentinel’s site → Chicago Sun Times Story 2002
Why did this happen?
“On Saturday, September 6th at 10:36 PM Pacific, the Google crawler discovered a new link on the Florida Sun-Sentinel website in a section of the most viewed stories labeled “Popular Stories: Business.” The link appeared in that section sometime after Googlebot’s last crawl at 10:17 PM; because the crawler saw this new link appear, it followed it to an article titled UAL Files for Bankruptcy. The article was indexed and then available through Google News search, but was not shown on our headlines pages. We removed this story from the Google News index as soon as we were notified that it had been linked to in error. It has been widely reported that many readers were unable to determine the original date of publication of this article, and our crawling was similarly unable to recognize that the article was old.”
In short: not our problem!
Ah, the possibilities….
Welcome to the world according to Google. Company fortunes can be wiped out in minutes. Panic selling could have created many millionaires who had prior knowledge of this Google indexing issue. (Who says someone didn’t?) Can you imagine the chaos that a Gordon Gekko “greed is good” rogue trader can create? Google simply blames the “crawler” for its mistakes.
Now more than ever, it’s crucial for all companies to understand how search engines work, no matter what they are selling (tomatoes or airplane tickets).
It never rains…
It always pours on the airlines. The reason this rumor was so believable is that the airline sector seems to be forever stuck in a jam. Just when you thought it could not get worse for them, Google temporary wiped out 70% of the value of the third largest airline in North America. And you think you have “Ranking Issues” on Google! ![]()

