Friday, October 4, 2013

Twitter IPO

A colleague just sent me this:

"Twitter filed to go public yesterday, choosing the stock ticker TWTR. Twitter shares are expected to start trading before Thanksgiving this year.

But it looks like some investors are a bit confused. A company called TWTR Inc., which as far as we can tell has nothing to do with Twitter, is up a whopping 1,500% today, but fluctuating wildly."

I'm amazed by how many investors don't do even the most basic research. C'mon people, at least check if what you are buying is really what you want to buy. Then some complain that markets are like a casino...

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