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magazine11%: Purplebricks shares surge on social media reveal
The share price of online estate agency Purplebricks (PURP:AIM) surged 11% after the company revealed a record January for valuations and instructions on Twitter (26 Jan) – but failed to tell shareholders via official news channels.
Embarrassingly the company issued a statement to the stock market more than 24 hours after the tweet, noting it was unaware of the reason for the advance in its shares.
Subsequently (30 Jan) the company clarified the revelation on social media was in line with expectations as year-on-year instruction growth had already been forecast.
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