Quantcast
Channel: Business Insider Australia
Viewing all articles
Browse latest Browse all 2041

Amazon and Google share prices were wrongly reported down more than 80% after test data went live

$
0
0

FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S. on May 21, 2016. REUTERS/Lucy Nicholson/File Photo

Nasdaq says it is investigating how wildly inaccurate share-price information for a range of major US tech stocks went live on large consumer information services, including Bloomberg’s trading platform as well as Google Finance and Yahoo Finance.

Headline price figures for Amazon and for Google's parent company, Alphabet, were displaying as down by more than 80% as a result of the error, which emerged after US markets closed.

Share prices for Amazon, Alphabet, Apple, and Microsoft are all being returned as $123.47. Prices for about 16 stocks were affected.

A Nasdaq spokesman told Business Insider that the exchange's unlisted trading privileges service sent out some test data that was wrongly sent live on Bloomberg.

“As part of its normal process, the UTP distributed normal test data, and certain third parties improperly consumed and propagated that data," the spokesman said. "Nasdaq is working with UTP and third parties to resolve the matter."

Bloomberg has been contacted for comment.

Here are the (somewhat terrifying) screenshots. (To repeat: the prices are wrong!)

Google: being marked down 86%

goog

Amazon: down 87%

gf_amzn

Apple: relatively unscathed, down 14%

aapl

Microsoft: soaring almost 80%

nysemsft

Other listed companies including Facebook, Netflix, Atlassian, and Twitter appear unaffected.

SEE ALSO: Google employees confess all the things they hated most about working at Google

Join the conversation about this story »

NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy


Viewing all articles
Browse latest Browse all 2041

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>