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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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token it is the shortest detour to marriage.
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(Score: 2) by SecurityGuy on Thursday April 30 2015, @05:58PM
That's exactly right. It doesn't work that way in practice because we don't know today what those future dividends or other cash flows will be. If we did, and could correctly know our expected rate of return in putting that money somewhere else, we could precisely price stocks.