Description: A misunderstanding has the company TWTR, Inc. confused for Twitter. Twitter has chosen TWTR as their stock symbol when the company goes public. TWTR, Inc investors see a 2,000 percent rise in stock price because of the confusion.
Date: October 4, 2013
Twitter, we’re sure, took it as a good sign that investor hunger for their stock is strong. After spending most of Thursday at 0.6 cents per share, the price sky-rocketed to 11.5 cents per share in Friday trading, before slumping back down to more reasonable levels. Read Rest of Story.
Questions for discussion:
1. Would you buy Twitter’s stock when its on the market in light of this new information?
2. Do you think it’s a good idea that Twitter go public?