CRAZY: Apple Flash Crash Blamed On Stock Exchange That’s IPOing Today… Which Then Sees Its Own Flash Crash
Joe Weisenthal
BusinessInsider.com
3-23-2012
This is very strange.
The flash crash in Apple is being attributed to BATS, which is an alternative stock market. That’s apparently where the bad quote happened.
And that’s horrible timing since BATS itself is IPOing today.
And then it gets even weirder. Apparently BATS itself is seeing a flash crash. There are reports that the stock, which opened at $15.25, is showing some quotes at less than 4 cents per share.
You can see the super-cheap BATS quotes here from Yahoo Finance:
The Rest…HERE
