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45s online mistake costs $8bn

twitter-failJust reading the background to the leak about Twitter’s Q1 results being poor. Results are normally released after the market closes to give traders a chance before they make a knee-jerk reaction and start selling shares. However the Twitter results were released online early – but only for 45 seconds. Unfortunately for Twitter a tech savvy company called Selerity had already spotted the update and grabbed it, notifying their investors.

The lesson here (and its a hard lesson) – once its on the internet, you’ve lost control of it already. So think twice about what you post.

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