Saturday, October 5, 2013

This Electronics Store's Stock Went Up Over 1,000% Because People Thought It Was Twitter

See, Tweeter is an electronics retailer that went through bankruptcy in 2007, and hasn't even been a penny stock since. That's been enough for investors eager to get in on Twitter's forthcoming IPO to bid up Tweeter's thinly-traded stock as much as 1,000 percent on Friday. Sometimes people push up a semiconductor company's stock over 800 percent, because Psy's father founded it. Sometimes people push up a dying brick-and-mortar company's stock over 1,000 percent, because they think it's the new, new thing of social media.

Source: http://feedproxy.google.com/~r/AtlanticBusinessChannel/~3/fg6VMZ1tbzc/story01.htm

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