Twitter's plans to list on the stock market under the name TWTR caused confusion among investors on Friday (October 4), as a bankrupt company soared by over 1,800%.

The social network wants to raise $1bn (£619m) in its stock market debut, under the symbol TWTR. However, Boston-based electronics retailer Tweeter Home Entertainment - whose stock name is TWTRQ - received heavy backing after investors mistook it for Twitter.

Twitter isn't expected to go public until November, but that didn't stop backers from getting confused and investing in the wrong stock, which was halted at 12.42pm ET.

TWTRQ's annual low this year was $0.0004, but its current price is at $0.105.

Twitter, meanwhile, is thought to be leaning towards a listing on the New York Stock Exchange.

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