Tuesday, April 28, 2015

Twitter in meltdown: Stock tumbles 18% after disappointing figures accidentally released early in online gaffe

Twitter's stock is falling sharply after the company's earnings, which were due to be released after the stock market closes, accidentally came out ahead of time.

Trading in its stock was halted Tuesday afternoon after word spread of the premature earnings release.

Twitter said it has informed the stock exchange, and was 'investigating the leak'.

Bloomberg News cited research firm Selerity, which tweeted the results and said the report was 'sourced' from Twitter's website and was not the result of a 'leak' or 'hack.'

Selerity said it got the results from Twitter's investor relations website.

'No leak. No hack,' the firm said in a tweet .... http://www.dailymail.co.uk