# Why has trading on Google been halted?

**URL:** <https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548>\
**Category:** Factual Questions\
**Created:** [August 19, 2004, 2:27pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548 "2004-08-19T14:27:11Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![FlippyFly](https://avatars.discourse-cdn.com/v4/letter/f/e95f7d/32.png) [@FlippyFly](https://boards.straightdope.com/u/FlippyFly)\
**Post date:** [August 19, 2004, 2:27pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548/1 "2004-08-19T14:27:11Z")

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I got back from my morning meeting and went online to see how Google’s (GOOG) first day on the Nasdaq was going, but my real-time quote says trading was halted! I can’t seem to find any news articles indicating why… anyone got their finger on wall street’s pulse?

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**Author:** ![Dewey\_Finn](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dewey_finn/32/4222_2.png) [@Dewey\_Finn](https://boards.straightdope.com/u/Dewey_Finn)\
**Post date:** [August 19, 2004, 2:30pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548/2 "2004-08-19T14:30:01Z")

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Yahoo News said that shares are expected to start trading at 11:30am, so it’s not that trading was halted, but that it hasn’t yet begun.

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**Author:** ![FlippyFly](https://avatars.discourse-cdn.com/v4/letter/f/e95f7d/32.png) [@FlippyFly](https://boards.straightdope.com/u/FlippyFly)\
**Post date:** [August 19, 2004, 2:33pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548/3 "2004-08-19T14:33:13Z")

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> [@Dewey Finn](#):
>
> Yahoo News said that shares are expected to start trading at 11:30am, so it’s not that trading was halted, but that it hasn’t yet begun.

Why wouldn’t they just open in the morning like the rest of the markets?

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**Author:** ![FlippyFly](https://avatars.discourse-cdn.com/v4/letter/f/e95f7d/32.png) [@FlippyFly](https://boards.straightdope.com/u/FlippyFly)\
**Post date:** [August 19, 2004, 3:52pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548/4 "2004-08-19T15:52:23Z")

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There it goes, up 65% to 140 right off the bat. DAMN!

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**Author:** ![FlippyFly](https://avatars.discourse-cdn.com/v4/letter/f/e95f7d/32.png) [@FlippyFly](https://boards.straightdope.com/u/FlippyFly)\
**Post date:** [August 19, 2004, 3:55pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548/5 "2004-08-19T15:55:37Z")

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AAAH - I am so confused. What is going on now? Is this all just shady stuff going on, or might there be a ligitimate explanation for this?

> [@](#):
>
> NEW YORK, Aug 19 (Reuters) - The Nasdaq Stock Market Inc (OTC BB:NDAQ.OB - News) said on Thursday that Google Inc. (NasdaqNM:GOOG - News) shares had not yet opened for trading.  
> “There were two trades, they should not have gone. The stock was not open for trading,” said Ginger Stennett, a Nasdaq Marketwatch analyst.
> 
> She declined to comment further on what the problem was.

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**Author:** ![Exapno\_Mapcase](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/exapno_mapcase/32/1051_2.png) [@Exapno\_Mapcase](https://boards.straightdope.com/u/Exapno_Mapcase)\
**Post date:** [August 19, 2004, 8:23pm UTC](https://boards.straightdope.com/t/why-has-trading-on-google-been-halted/260548/6 "2004-08-19T20:23:45Z")

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Doesn’t appear to be a big deal.

[Google debuts with minor glitch](http://cbs.marketwatch.com/news/story.asp?guid=%7BD4CD1143%2D0784%2D4725%2DB3F3%2D1E6B1E37E584%7D&siteid=google).

> [@](#):
>
> “A broker-dealer put up premature data,” Nasdaq spokeswoman Sylvia Davi told CBS MarketWatch. She declined to say which broker-dealer was responsible for the glitch. …
> 
> While the Google IPO’s every move has been closely scrutinized, it’s not unusual for minor irregularities to appear when shares debut.
> 
> The IPO of closely watched tech firm Transmeta (TMTA: news, chart, profile) kicked off in late 2000 with confusion over a Nasdaq-member firm executing orders prior to the stock’s official open.
> 
> “Bad data can happen for a million reasons,” said Mark Madoff of Nasdaq market maker Madoff Investments.
