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posted by
CoolHand
on Thursday April 30 2015, @06:58AM
from the at-least-someone-tweets-something-that-matters dept.
from the at-least-someone-tweets-something-that-matters dept.
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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One Tweet Cost Twitter $8 Billion
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sillema sillema nika su
(Score: 0) by Anonymous Coward on Thursday April 30 2015, @08:38AM
You mean everybody does. So all you need to do is convince absolutely everybody buying and selling stock to agree upon the exact price that you want, and you control the market. But good luck with that, because if herding cats is impossible, humans are utterly batshit insane.
(Score: 1, Insightful) by Anonymous Coward on Thursday April 30 2015, @10:11AM
Herding cats is difficult because cats are generally individualistic in nature. Humans, on the other hand, by and large are naturally social/herd animals, so are far easier to control as a group using various carrots, sticks, and blinkers.