Twitter's stock price drops 20% in an hour! Selerity maintains that it didn't hack into anything; it simply found the information on Twitter's own public investor relations website. This just goes to prove that you need to be so careful before you push the send button....A machine will be watching!
A little-known financial-data platform firm just put itself on the map by finding Twitter's earnings announcement early and publishing it without breaking any rules. At 3:07 p.m. ET, Selerity Corp. posted Twitter's first-quarter earnings results in a series of Tweets. Twitter was scheduled to report its numbers after the closing bell, not before 4 p.m. Twitter's stock fell on the news and was halted. After it reopened, shares plunged.