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One Tweet Cost Twitter $8 Billion

posted by CoolHand on Thursday April 30 2015, @06:58AM   Printer-friendly
from the at-least-someone-tweets-something-that-matters dept.

GlennC writes:

Twitter was due to announce its earnings for the first quarter of the year after close of trading on the New York Stock Exchange, where the company is listed.

Except it turns out that somebody thought it would be a good idea to release this information early, on the technology-led NASDAQ run Investor Relations page for Twitter.

Initially it seemed no one really noticed the error, until a well-placed tweet highlighted the mistake and revealed Twitter's disappointing results.

http://www.bbc.com/news/technology-32511932

At one point in the final hours of trading, the stock had lost more than $8 BILLION.

 
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  • (Score: 3, Funny) by davester666 on Thursday April 30 2015, @08:10AM

    by davester666 (155) on Thursday April 30 2015, @08:10AM (#176984)

    You filthy communist.

    The entire world lives or dies on the stock market. Everyone has to do their part to make sure it goes UP UP UP!!!

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  • (Score: 2) by davester666 on Thursday April 30 2015, @08:21AM

    by davester666 (155) on Thursday April 30 2015, @08:21AM (#176989)

    Except, of course, investment banks.