NYSE celebrates Spotify’s IPO with a glaring error

NYSE celebrates Spotify's IPO with a glaring error
The New York Stock Exchange celebrated Spotify’s stock market debut with the wrong flag Tuesday. Two American flags and one Swiss flag hung outside the stock exchange on the day of the music streaming company’s initial public offering. But Spotify is based in Stockholm, Sweden, not Switzerland. CEO Daniel Ek, who co-founded the service, is from Stockholm. The two flags are distinctly different: Switzerland’s is red and features a white cross in its center. Sweden’s flag is blue and yellow. Twitter user Joachim Lofstedt shared a photo of the NYSE’s major mixup. “NYSE using the Swiss flag for @Spotify entering the stock market,” he wrote, with emojis of the flags next to one another. The NYSE corrected the gaffe, removing the Swiss flag and later replacing it with Sweden’s. “We hope everyone enjoyed our momentary ode to our neutral role in the proces of price discovery this morning,” the NYSE said in a tweet making light of its error. spotify

NYSE celebrates Spotify’s IPO with a glaring error