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Tuesday, July 4, 2017

Zynga Shares jumped by 3,292%, Amazon dropped by 87%, Apple down by 14%, eBay soared to 253%

stocks finance, stock market


What a day it may have been, Finance website CNNMoney, Bloomberg and Google Finance showed Zynga is up by 3,292%, Amazon plunging 87%, eBay soaring by 253%, Apple dropping 14% and Microsoft jumping 79% late Monday. Unfortunately for Zynga and eBay it was only a glitch.

According to Nasdaq, the erroneous prices came from test data that they sent out that was "improperly" used by some third party companies. It said it's working with those companies to fix the problem as quickly as possible. It was obvious that something was wrong. Apple, Amazon and Microsoft's share prices were all listed as exactly $123.47. So were those of eBay which is up by 254% and video game developer Zynga was up by staggering 3,292%.

The misleading prices appeared on the websites of CNNMoney, Bloomberg and Google Finance. But they didn't appear on Nasdaq's own website.

Nasdaq said the data that was sent out was part of "normal evening test procedures. Well, CNN and other mainstream media company might blame Russia again.




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