Connect with us

archive

Twitter IPO Sends Tweeter Shares up 669 Percent in One Day

Twitter IPO Sends Tweeter Shares up 669 Percent in One Day (YahooFinance)

The next big initial public offering, that of Twitter, is getting investors excited again about social media. However, that enthusiasm is also spreading to some unintended corners of the market. Confused investors have inadvertently invested in long-gone electronics retailer Tweeter Home Entertainment, helping shares to post a 669 percent gain in a single day. Tweeter went bankrupt in 2007, yet last Friday experienced its most active trading day in six years. The defunct company’s stock was trading at less than a penny a share before the deluge of deluded investors took that price to more than 15 cents. The stock quickly gave back some of its gain, but ended the day at around five cents, for a 669 percent rise. If you still held shares in Tweeter, we hope you were able to make something back for your trouble.

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

Global Elites Started The Russia Nonsense.

U.S. POLITICS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

The next big initial public offering, that of Twitter, is getting investors excited again about social media.

archive

Twitter IPO Sends Tweeter Shares up 669 Percent in One Day

The next big initial public offering, that of Twitter, is getting investors excited again about social media.

Twitter IPO Sends Tweeter Shares up 669 Percent in One Day (YahooFinance)

The next big initial public offering, that of Twitter, is getting investors excited again about social media. However, that enthusiasm is also spreading to some unintended corners of the market. Confused investors have inadvertently invested in long-gone electronics retailer Tweeter Home Entertainment, helping shares to post a 669 percent gain in a single day. Tweeter went bankrupt in 2007, yet last Friday experienced its most active trading day in six years. The defunct companyâ??s stock was trading at less than a penny a share before the deluge of deluded investors took that price to more than 15 cents. The stock quickly gave back some of its gain, but ended the day at around five cents, for a 669 percent rise. If you still held shares in Tweeter, we hope you were able to make something back for your trouble.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

Global Elites Started The Russia Nonsense.

U.S. POLITICS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter