TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

You say Twitter, I say Tweeter

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Saturday, Oct. 5, 2013, 12:01 a.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Kennametal plans plant closings, job cuts in fallout from oil and gas decline
  2. BNY Mellon expands  role for treasury exec
  3. BNY Mellon is putting iconic Citizens Bank Tower up for sale
  4. Almost half of households exhaust their income
  5. Fight to lift crude export ban grows
  6. Traders in oil playing risky game
  7. Credit card privacy a myth, study shows
  8. MSA Safety products in demand to protect workers in dangerous jobs
  9. Wolf signs ban on new drilling beneath state land
  10. Alibaba finally called out on counterfeits
  11. McDonald’s works to recapture golden status