4 ms·
Does this open up NASDAQ to a potential lawsuit?
by dvdcxn 11y ago
Does this open up NASDAQ to a potential lawsuit?
- Alupis 11y agoThe article didn't make the link between NASDAQ, NYSE, and Twitter clear. The quarterly report was posted on twitter's own website (investor.twitterinc.com). Twitter would have had to prepare the report, and post it there. Twitter is listed on the NYSE, not NASDAQ... Seems Twitter goofed more than anything...
- BinaryIdiot 11y ago> The article didn't make the link between NASDAQ, NYSE, and Twitter clear. No, it did (well as far as NASDAQ and Twitter are concerned). Twitter was quoted as saying the following in the article: "Nasdaq hosts and manages our IR website, and we explicitly instructed them not to release our results until after the market close and only upon our specific instructions, which is consistent with prior quarters." So it sounds like NASDAQ released this early on one of Twitter's websites.
- Alupis 11y agoAh, I see that now. In that case, I'm sure NASDAQ's contract with Twitter indemnifies them from anything like this.
- piquadrat 11y agoinvestor.twitterinc.com is run by NASDAQ
- BinaryIdiot 11y agoThis was my question as well; since the NASDAQ manage's Twitter's investor relations website and released these earnings I'd love to know what level of legal responsibility the NASDAQ would have to own up to if anything.