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


FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S. on May 21, 2016. REUTERS/Lucy Nicholson/File PhotoThomson
Reuters


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

Headline price figures for Amazon and for Google’s parent
company, Alphabet, were displaying as down by more than 80% as a
result of the error, which emerged after US markets closed.

Share prices for Amazon, Alphabet, Apple, and Microsoft are all
being returned as $123.47. Prices for about 16 stocks were
affected.

A Nasdaq spokesman told Business Insider that the exchange’s
unlisted trading privileges service sent out some test data that
was wrongly sent live on Bloomberg.

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

Bloomberg has been contacted for comment.

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

Google: being marked down 86%


goog
Google
marked down.


Business
Insider Australia



Amazon: down 87%


gf_amzn
Amazon
marked down.


Business
Insider Australia



Apple: relatively unscathed, down 14%


aapl
Business
Insider Australia


Microsoft: soaring almost 80%


nysemsft
Business
Insider Australia


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

Get the latest Google stock price here.

Read the original article on Business Insider Australia. Copyright 2017. Follow Business Insider Australia on Twitter.


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