Google, Apple, and Microsoft stocks were all priced $123.47 in one very weird moment Monday
For one moment on Monday afternoon, the prices of several stocks on Nasdaq — including those of Amazon, Apple, eBay, Google, and Microsoft — were all priced exactly the same, $123.47.
Obviously, this couldn’t be correct; it would mean a sudden, massive drop in value for Amazon and Google and a huge increase in value for Microsoft and eBay. If it were true, Google’s market cap would fall from $623 billion to about $83 billion, while Microsoft’s market cap would be propelled to nearly $1 trillion.
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The odd occurrence was