Name Mix-Up Causes Stocks To Surge For Lucky Company

REUTERS/Brendan McDermid

Daily Caller News Foundation logo
Eric Lieberman Deputy Editor
Font Size:

Stocks for Snap Interactive, a company that makes mobile dating apps, surged as high as 164 percent after Snapchat (Snap Inc.) went public.

Snap Interactive’s valuation has actually risen since the first reports of Snap Inc. initial public offering (IPO) surfaced in late January, according to Bloomberg.

There doesn’t appear to be many possible internal factors that could have caused the uptick in investment. Snap Interactive has not made much news this year, according to the company’s official website.

Company name mix-ups have had an affect on stock trading before.

Tweeter Home Entertainment group surged as high as 1,500 percent in 2013 after Twitter, the social media company with the stock ticker “TWTR,” filed for its IPO, according to Business Insider. Tweeter, which had the stock ticker “TWTRQ”, ended the day up 684 percent from its opening valuation.

A Chinese stock that reportedly sounds like “Trump Wins Big” to Mandarin speakers surged following President Donald Trump’s victory.

Follow Eric on Twitter

Send tips to

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact