If you enjoy the content at iBankCoin, please follow us on TwitterThe flash crash that knocked $52 billion off Apple’s market cap was hardly the first
Snapshot of Tuesday’s “false print.” Via Seeking Alpha
By now anybody who reads the business pages knows that BATS Global Markets screwed up its initial public offering big time Friday by mangling trades in a bunch of stock symbols at the top of the alphabet, including Apple (AAPL) and BATS, its own stock.
Apple’s shares briefly fell by more than $55 per share. BATS, which had been trading for more than $15, fell to less than 4 cents.
NASDAQ quickly erased all those trades and BATS was allowed to cancel its IPO.
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