Tweeter Changes Stock Symbol To Save Idiots From Themselves
Tweeter is a bankrupt electronics retailer. Twitter is a
microblogging social media platform that I get most of my page views from. In this
blog post on Twitter’s IPO filing, I mentioned that Tweeter (stock symbol
TWTRQ) jumped nearly 2,000% on news that Twitter (Stock symbol TWTR) was
seeking to raise $1B in capital by selling shares to the public. Natural
selection was thwarted on Friday as trading of Tweeter was halted by the
Financial Industry Regulatory Authority due to the apparent mix up. Apparently
Tweeter is placing no bets there is such a thing as an “intelligent investor”
and changed
its ticker symbol to THEGQ. I expect it will have to change again if GQ
Magazine every decides to go public.