Tweeter changes stock symbol after Twitter mix-up

Oct 08, 2013

Tweeter is not Twitter. And it's changing its stock symbol to avoid any confusion.

The bankrupt electronics retailer's new ticker symbol is "THEGQ." Its old symbol was "TWTRQ."

That was apparently too similar to "TWTR," the symbol proposed by Twitter on Thursday when it filed plans for an .

Some confused investors sent Tweeter's up as much as 1,400 percent on Friday.

The Financial Industry Regulatory Authority, Wall Street's industry regulator, halted trading of Tweeter's stock Friday afternoon. The over-the-counter stock resumed trading with the new stock Tuesday.

Tweeter's stock is down 71 percent to 2 cents in afternoon trading.

Twitter's stock, meanwhile, won't be available for trading until the company actually goes public. That could be before Thanksgiving.

Explore further: Pandora boosts stock offering as shares hit high

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Alibaba surges in Wall Street debut

1 hour ago

A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut.

Alibaba makes Wall Street debut

6 hours ago

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

9 hours ago

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

12 hours ago

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0