Google’s Printing MishapBy
Google got burned on Thursday by a very old-school mistake: Its printer messed up. Shares of Google plunged 9 percent in the afternoon after a lousy earnings report was mistakenly sent to the Securities and Exchange Commission before the company intended. The stock stopped trading on Nasdaq after Google’s share price fell from $755 to $681 between 12:30 p.m. and 12:38 p.m. This, of course, is why firms tend to wait until the market has closed before releasing earnings reports.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.