Twitter's stock price drops 20% in an hour! Selerity maintains that it didn't hack into anything; it simply found the information on Twitter's own public investor relations website. This just goes to prove that you need to be so careful before you push the send button....A machine will be watching!
Selerity launched in 2008 as an event-detection platform that specializes in business news. The company uses automated technology to go across sources — the web, press releases, social media, and more — with the goal of using technology to detect important events for the markets. "It was definitely public," Selerity's CEO Ryan Terpstra told Business Insider in a telephone interview. "We're getting it from the investor-relations website." Selerity's CEO used to be the director of quantitative news at Thomson Reuters, where he helped launch Thomson Quantitative News (TQN) — a machine-readable news service for investors, according to his bio. "We're trying to detect breaking news. What was posted on the website was a PDF from Twitter themselves," Terpstra explained, adding that it could be found on the investor-relations page with a web browser.