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by jscheel 4076 days ago
It's definitely sensationalist, but the fact remains, that single tweet represented prior knowledge causing a large, unexpected shift near the end of the trading day. Being unexpected, it seems to have triggered a fear-based selloff that may not have been as bad as if if the stock moved either direction after the earnings report.
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But the market cap is down another ~$1.3B this morning, as investors have had overnight to digest the news and price it in
It blows my mind that Twitter, a simple messaging service, still has a market cap of $26.31B after all this...