One tweet made a trader millions and everyone else a little sick

Wall Street? Wall Tweet more like

A stock trader in the US has just made a mint thanks to a solitary tweet that hinted at a deal taking place between Intel and circuit board maker Altera.

The tweet, sent by a Wall Street Journal journalist, was an exclusive story for the publication and turned out to be completely right. Intel did actually buy Altera, pushing the share price of the company up 28% and netting one unnamed trader $2.4 million.

According to the New York Post, the share transaction was done within a minute of the tweet going up, which meant it went through before trading was suspended.

It's not clear if it was just very good luck the trader was checking Twitter at the time, or he was alerted by a bot. Either way, someone is whole lot richer because of their Twitter feed.

ABOUT THE AUTHOR

Content Team Lead

Marc (Twitter, Google+) is the content team lead for Future Technology, where he is in charge of a 14-strong team of journalists who write many of the wonderful stories that end up on TechRadar, T3.com and T3 magazine. Prior to this he was deputy editor of TechRadar, had a 10-month stint editing a weekly iPad magazine, written film reviews for a whole host of publications and has been an integral part of many magazines that are no longer with us.