Instant Alert: Amazon and Google share prices were reported down more than 80% after test data went live

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Amazon and Google share prices were reported down more than 80% after test data went live

by Paul Colgan on Jul 3, 2017, 9:41 PM

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Nasdaq says it is investigating how wildly inaccurate share price information went live for a range of major US tech stocks on large consumer information services, including Google Finance and Yahoo Finance.

Headline price figures for Amazon and Google’s parent company, Alphabet, were displaying as down more than 80% as a result of the error.

Share prices for Amazon, Google’s parent company Alphabet, Apple, and Microsoft are all being returned as $123.47.

A Nasdaq spokesman told Business Insider that its unlisted trading privileges (UTP) service sent out some test data which was wrongly sent live.

“As part of its normal process, the UTP distributed normal test data, and certain third parties improperly consumed and propagated that data. Nasdaq is working with UTP and third parties to resolve the matter,” the spokesman said.

Here are the (somewhat terrifying) screenshots. (To repeat: the prices are wrong!)

Google: being marked down 86%

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Amazon: down 87%

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Apple: relatively unscathed, down 14%

aapl

Microsoft: soaring almost 80%

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Other listed companies including Facebook, Netflix, Atlassian, and Twitter appear unaffected.

SEE ALSO: Google employees confess all the things they hated most about working at Google


 
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