You say Twitter, I say Tweeter
A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
Shares of Tweeter Home Entertainment Group Inc. rose as high as 15 cents on Friday. That's up 1,400 percent from Thursday's closing price of 1 cent.
The Financial Industry Regulatory Authority, Wall Street's industry regulator, says the shares were halted on Friday afternoon because of a misunderstanding related to the “possible initial public offering of an unrelated security.”
What could have gotten investors so confused?
Tweeter trades over the counter, under the “TWTRQ” symbol. Twitter on Thursday proposed the stock symbol “TWTR.”
But Twitter's stock won't be available for trading until it goes public, possibly before Thanksgiving.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- 3 ways to dig up dirt on people
- Amazon.com distribution center planned for Pittsburgh’s West End
- GM profit 2Q falls 85% on recall costs
- Morgan Stanley settles for $275M
- Dunkin’ pushes cashiers to ‘upsell’
- IMF cuts U.S., global growth forecasts for ’14
- Employers start to feel wage pressures
- Durbin warns Walgreen against move
- Smartphone coupons just one way stores aim to increase spontaneous buys
- Income inequality narrower under Obama, analysis concludes
- Market spins its wheels despite big moves in individual stocks