Saturday, May 2, 2015

Tech Glitch Causes Early Release of Twitter Earnings

While selective release of earnings can result in various violations for an issuer, the Nasdaq Stock Market took the blame for the early release of Twitter's quarterly results, which resulted in suspension of trading of the latter's stock.

"Our inadvertently made an early version of Twitter's earnings release publicly accessible," Nasdaq spokesman Joe Christina said. "We're investigating the root cause."

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