TWTRQ shares jumped 1800% due to Twitter IPO

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    Tweeter is an American electronics store chain founded in 1972. In 2007, the company laid off 650 employees and filed for bankruptcy. The stock price jumped sharply after Twitter announced its intention to enter the stock exchange (IPO) .

    Tweeter shares have a TWTRQ ticker while Twitter microblogging service announced that their shares will have a TWTR ticker. Many people mistakenly confused them with Twitter shares, rushed to buy shares in a bankrupt network of electrical goods.

    Recall that Twitter filed for an IPO in September, and on October 3, the document was published on the website of the US Securities Commission. According to the application, during the IPO, Twitter plans to raise $ 1 billion.
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    Sources:
    blogs.wsj.com/moneybeat/2013/10/04/shares-of-tweeter-not-twitter-halted
    blogs.marketwatch.com/thetell/2013/10/04/twtrq-stock-up-as-much -as-1800-as-investors-confuse-tweeter-for-twitter

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