Shares in Nasdaq-listed biotech giant Amgen Inc.
A system status message posted on Nasdaq’s website said “systems are operating normally.” However, not all stock quotes appeared to be accurate. In July 2015, a glitch forced the New York Stock Exchange to halt trading for nearly four hours. Nasdaq’s Mr. Christinat said Monday’s early close at 1 p.m. ET might have played a role in the confusion that prompted the improper use and dissemination of test data, which he said is sent out after every trading day.
In an emailed statement, a Google representative said, “We can confirm that our third-party finance data partner was providing some inaccurate information, which they received from Nasdaq.” A story that appeared early on Bloomberg’s website Tuesday initially said a Nasdaq error had caused the faulty data. Nasdaq said it had sent out a standard alert to the market on June 26 with the schedule for its data feeds for the early close on July 3.
The appearance of the incorrect data sparked disagreement over who was to blame. I was looking for an email to contact the company directly, so I don’t have to write a negative review on the latest update and on the app but could not find a contact either here or on the website. Even a novice can learn how the market operates through this application.
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In today’s earnings press release, the company announced that it would be John L. Hennessy, the former president of Stanford University who’s been on Google’s (and later Alphabet’s) board since 2004. Following December’s news that longtime board chair Eric Schmidt would be stepping down, Alphabet (and Google) needed a new chairperson. In addition to cloud computing, Google Chief Financial Officer Ruth Porat, speaking on the earnings call with Pichai, cited YouTube and Google’s Pixel and Home hardware offerings as promising revenue opportunities beyond advertising.