https://sputnikglobe.com/20200716/twitter-stocks-see-over-5-drop-at-pre-market-trading-sessions-in-us-after-hacking-attack-1079900377.html

Twitter Stocks See Over 5% Drop at Pre-Market Trading Sessions in US After Hacking Attack

Sputnik International

MOSCOW (Sputnik) - Twitter shares experience an over 5 percent price drop at pre-market trading sessions in the United States after the hacking attack on... 16.07.2020, Sputnik International

2020-07-16T09:38+0000

2023-06-04T05:43+0000

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Twitter Stocks See Over 5% Drop at Pre-Market Trading Sessions in US After Hacking Attack

09:38 GMT 16.07.2020 (Updated: 05:43 GMT 04.06.2023)

© AFP 2023 / Alastair Pike(FILES) In this file photo taken on July 10, 2019, the Twitter logo is seen on a phone in this photo illustration in Washington, DC. - The official Twitter accounts of Apple, Elon Musk, Jeff Bezos and others were hijacked on Wednesday by scammers trying to dupe people into sending cryptocurrency bitcoin in the hope of doubling their money

MOSCOW (Sputnik) - Twitter shares experience an over 5 percent price drop at pre-market trading sessions in the United States after the hacking attack on celebrities' accounts, trading data shows.

As of 11.44 a.m. Moscow time (08:44 GMT), the shares of the social networking giant were falling by 5.24 percent to $33.8 per one share.

On the night into Thursday, Twitter accounts of several famous people — including ex-US President Barack Obama, US presidential candidate Joe Biden, Tesla and SpaceX founder Elon Musk, Microsoft founder Bill Gates, Amazon CEO Jeff Bezos and rapper Kanye West — were hacked, and an advertisement of a Bitcoin-based Ponzi scheme was posted there.

According to Twitter, the hijacking of the accounts resulted from an attack on some of the company's employees and gaining access to its internal tools.