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The 1989 Spreadsheet Error That Erased $6 Billion in 4 Minutes
In 1989, a single misaligned cell in Lotus 1-2-3 triggered a chain reaction that vaporized six billion dollars of institutional capital before anyone could hit undo. This is the forgotten story of how a routine financial model silently corrupted itself, rippling through Tier-1 markets and exposing the terrifying fragility of the legacy systems ...
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