Why are all these tech companies displaying a stock price of $123.47?


An unexplained stock market data error this evening appears to have set some companies listed on the Nasdaq exchange to a share price of $123.47, sending some tech companies’ stock prices crashing and others’ soaring.

It’s unclear what the culprit is, and whether the error is due to an issue with a third-party financial data provider or whether a more serious problem is occurring. The issue is replicating itself across major financial websites, including Bloomberg, Google Finance, and Yahoo Finance.

It’s not known when this all started, but stock notifications for tech companies appear have started pouring at some point this evening, resulting in quite a few tweets on the matter:

For a company like Amazon, which enjoyed an opening price of $972.79 a share, the error has had a catastrophic effect on the appearance of its market cap. For other companies, like struggling Facebook game maker Zynga, the error is a bit of good news, if only for the fleeting perception of improbable success:

Nasdaq’s website doesn’t appear affected by the issue, suggesting the problem does in fact lie with a third-party data provider. According to MarketWatch, Google Finance gets its end-of-day prices from Swiss financial data vendor SIX Financial Information, but the company has yet to respond publicly about the crashing (and soaring) stock prices.




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