How one TWEET wiped $8bn off Twitter's value News Video

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By any measure, Twitter hit particularly rough conditions on Tuesday night, which sent its share price into a tailspin.
At one point in the final hours of trading, the stock had lost more than $8bn (£5bn), or 25% of its opening price.
It seems investors were spooked by the early and unintended publication of earnings results that should have been presented after the markets had closed.
So how did that happen, and why did it result in Twitter's worst day on the markets since its flotation?
How come Selerity got the news early, and who are they anyway?
This is the interesting bit.
Selerity is a tech start-up running a very specific service catered to investors.
It automatically scans all sorts of documents, press releases, and social media online and looks for anything that could prove useful to investors.
It then reports back to subscribers with what it describes as real-time actionable intelligence.
In this case, it picked up the early Nasdaq posting.
The company then tweeted the figures under the hashtag '#breaking', ensuring that the world and his dog would know of Twitter's failings through its own service.
Selerity then tweeted its source, adding to Twitter's embarrassment by making it clear that the results had been neither leaked or hacked.
Shares in Twitter lost 6% before trading in the stock was momentarily suspended.
When trading resumed, the stock plu.

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  • Watch How one TWEET wiped $8bn off Twitter
    How one TWEET wiped $8bn off Twitter's value News Video

    By any measure, Twitter hit particularly rough conditions on Tuesday night, which sent its share price into a tailspin.
    At one point in the final hours of trading, the stock had lost more than $8bn (£5bn), or 25% of its opening price.
    It seems investors were spooked by the early and unintended publication of earnings results that should have been presented after the markets had closed.
    So how did that happen, and why did it result in Twitter's worst day on the markets since its flotation?
    How come Selerity got the news early, and who are they anyway?
    This is the interesting bit.
    Selerity is a tech start-up running a very specific service catered to investors.
    It automatically scans all sorts of documents, press releases, and social media online and looks for anything that could prove useful to investors.
    It then reports back to subscribers with what it describes as real-time actionable intelligence.
    In this case, it picked up the early Nasdaq posting.
    The company then tweeted the figures under the hashtag '#breaking', ensuring that the world and his dog would know of Twitter's failings through its own service.
    Selerity then tweeted its source, adding to Twitter's embarrassment by making it clear that the results had been neither leaked or hacked.
    Shares in Twitter lost 6% before trading in the stock was momentarily suspended.
    When trading resumed, the stock plu

    News video | 541 views

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  • Watch IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker Video
    IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker

    IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker

    Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.

    Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.

    Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.

    IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker

    Sports video | 1336 views

  • Watch IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker Video
    IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker

    IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker

    Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.

    Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.

    Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 Final. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.

    IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker

    Sports video | 986 views