Twitter was scheduled to release its quarterly earnings after the New York Stock Exchange closed this evening, but things took a different turn when the Twitter account of a financial services company got to them first, publishing key details nearly an hour early.
The account, Selerity, broke news that Twitter missed its revenue expectations and that its users grew. Between the leak and the bad numbers, the incident quickly drove Twitter’s stock down around 18 percent.
This is not the first time that Selerity has broken earnings numbers. Forbes reports that it did this same thing with Microsoft in 2011, finding its earnings early by scraping the company’s website.
Full story on verge.com