Tuesday, April 28, 2015

Exchange drama about Twitter: #Kurssturz – Handelsblatt

The Twitter app: The number of active users rose to 302 million compared to last year by 18 percent

(Photo: AP)

San Francisco It is almost a bad joke. Of course on Twitter announced the financial platform Selerity on Tuesday the bad news: The short message service Twitter missed sales expectations in the first quarter. The special feature: The message came almost an hour before the market closes. Actually, the numbers have so far must remain under lock and key.

The stock market reacted unsettled, initially the value slumped by around six percent, before the stock was suspended from trading. Was that real? Yes, pushed by the financial side, it was not a secret informer or own estimate. The information supplied Twitter itself, the company asserted. A mistake, as he from time to time happens on Wall Street. Perhaps only someone pressed the wrong button at the wrong time and the information put online?

Corporate chief Dick Costolo remained nothing but the bull by the horns. The figures were confirmed included the trade again, and the final bell was missing around five billion dollars or 18 percent of market capitalization. Open market, there was a minimal recovery.

Embarrassing: Investors page of Twitter is hosted at the Nasdaq stock exchange. “We are investigating together what happened,” said Twitter apologized in analysts call: “The company Selerity has informed us that our data is online. Then we asked the exchange to suspend trading. “
Embarrassing for Techbörse Nasdaq, but a victory for Selerity. The financial side of New York is on everyone’s lips. The company routinely checked periodically reporting purposes, sites of companies, whose publications are pending, said Brendon Gilmartin of Selerity opposite the online portal “The Verge”. For this you have developed an automation software. The same as now with Twitter, reports Forbes, has ever worked for Microsoft in 2011.


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