How one tweet wiped $8bn off Twitter’s value

Follow The Money

By any measure, Twitter hit particularly rough conditions on Tuesday night, which sent its share price into a tailspin.

At one point in the final hours of trading, the stock had lost more than $8bn (£5bn), or 25% of its opening price.

It seems investors were spooked by the early and unintended publication of earnings results that should have been presented after the markets had closed.

So how did that happen, and why did it result in Twitter’s worst day on the markets since its flotation?

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.

Announcing results after the markets close gives investors a chance to…

View original post 254 more words