nasdaq / 1 posts found

Amazon, Apple, and Zynga all had the same stock price Monday due to a data glitch

Comments are off for this post.
The Amazon logo is displayed at the Nasdaq MarketSite, in New York's Times Square.Image: AP/REX/Shutterstock For one moment on Monday afternoon, the prices of several stocks on Nasdaq including those of Amazon, Apple, eBay, Google, and Microsoft were all priced exactly the same, $123.47. Obviously, this couldn’t be correct; it would mean a sudden, massive drop in value for Amazon and Google and a huge increase in value for Microsoft and eBay. If it were true, Google’s market cap would fall from $623 billion to about $83 billion, while Microsoft’s market cap would be propelled to nearly $1 trillion. SEE […]