An expat New Yorker living in Austin. This blog contains high quantities of: roller derby, comics, harry potter, supernatural, doctor who, welcome to night vale, fringe, glee (show and state of being), social justice discussion, and whatever the hell else I feel like putting here.
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It is not.
Tweeter Home Entertainment (TWTRQ) was a consumer electronics retailer that sold TVs, car radios, home theater systems, and the like at more than 100 U.S. stores. In 2007 it filed for Chapter 11 bankruptcy protection and had its assets sold to a new owner, who also filed for Chapter 11 a year later.
So why did shares of Tweeter stock jump more than 1500% this morning?
It’s like a failwhale, except one that’s reeeeeeaaaaaaally profitable.
Is this Tweeter like The Tweeter Center in Boston? (Is that even still a thing?)