The after hours price for shares of GOOG as seen on both Yahoo Finance and Google Finance plummeted to $12 for a few brief minutes at around 6:14 pm EDT.
Google Stock Fell To $12 After Hours
File this one under “glitch in The Matrix.” Something strange happened in after hours trading with Google’s stock.
If you visit Google Finance, and make sure Extended Hours is checked under the Settings for the chart, you should see the drop between 6 pm and 6:20. I grabbed a screenshot and attached it to the bottom of this post as well.
Yahoo Finance also showed the same $12 price at the same time. If it were a real drop, it would have represented a loss of nearly 98 percent of Google’s market cap in the time it would take Sergey Brin to say, “would you like fries with that?”
Whatever happened with the system appears to have righted itself, not that it’s an improvement on Google’s price at market close. Shares of GOOG were down 62 cents to $519.50 at 6:20 pm ET.
I feel sorry for any Googlers who happened to see that drop, especially the ones who have been with the company long enough to enjoy the run-up from the IPO to present. The phrase “rapidly downloaded some brownware” comes to mind.
