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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: 0) by Anonymous Coward on Thursday April 30 2015, @10:29PM

    by Anonymous Coward on Thursday April 30 2015, @10:29PM (#177291)

    All of those numbers are huge. A lot of companies etc. consider it normal to have both a Facebook page and a Twitter account (or several) and most use it for customer interaction and public relations/self-advertising. Twitter (or anything that replaces it but functions more or less the same way) isn't going away anytime soon.

    So now would be a good time to buy Twitter stock, right? Or should I wait for tomorrow for the price to really bottom out? :D

  • (Score: 2) by Yog-Yogguth on Friday May 01 2015, @03:33AM

    by Yog-Yogguth (1862) Subscriber Badge on Friday May 01 2015, @03:33AM (#177358) Journal

    Haha, or just don't ever :D

    I'm sure someone could make money from the stock if they worked hard, knew what they were doing, treated it as a form of commodity speculation, and then had a bit of luck as well, but I'm not that person XD

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