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07-04-2017, 03:34 PM
Google, Apple, and Microsoft stocks were all priced $123.47 in one very weird moment Monday
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For one moment on Monday after**on, 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 ALSO: New York Times is using Google’s AI to expand online comments (http://mashable.com/2017/06/13/new-york-times-google-ai-comments/)
The odd occurrence was caused by a data glitch, the Financial Times reported (https://www.ft.com/content/fbb44c3e-6053-11e7-91a7-502f7ee26895?mhq5j=e3) late Monday, that affected only some of the stocks listed on Nasdaq. While the stock prices remained unaltered on Nasdaq itself, third-party services such as Google Finance and Bloomberg displayed the erroneous $123.47 price for a while. * Read more... (http://mashable.com/2017/07/04/nasdaq-error-123-47/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Apple (http://mashable.com/category/apple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Amazon (http://mashable.com/category/amazon/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Zynga (http://mashable.com/category/zynga/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Nasdaq (http://mashable.com/category/nasdaq/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/K8L0G2HE-Z0
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For one moment on Monday after**on, 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 ALSO: New York Times is using Google’s AI to expand online comments (http://mashable.com/2017/06/13/new-york-times-google-ai-comments/)
The odd occurrence was caused by a data glitch, the Financial Times reported (https://www.ft.com/content/fbb44c3e-6053-11e7-91a7-502f7ee26895?mhq5j=e3) late Monday, that affected only some of the stocks listed on Nasdaq. While the stock prices remained unaltered on Nasdaq itself, third-party services such as Google Finance and Bloomberg displayed the erroneous $123.47 price for a while. * Read more... (http://mashable.com/2017/07/04/nasdaq-error-123-47/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Apple (http://mashable.com/category/apple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Amazon (http://mashable.com/category/amazon/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Zynga (http://mashable.com/category/zynga/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Nasdaq (http://mashable.com/category/nasdaq/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/K8L0G2HE-Z0