<p>Following in Facebook Facebook's footsteps, the announced Twitter IPO is already wreaking havoc in the world of electronic trading. Just a few days after a penny stock saw its valuation surge 700% given the closeness of its ticker to Twitter's, TW Telecom, which trades under the symbol TWTC, forced the Nasdaq to cancel trades as the value of the stock reportedly went from $30 to $300 in less than a minute.</p><p>TW Telecom trades under ticket TWTC - Photo credit: Wikipedia</p><p>Just before 8:40 AM on Thursday in New York, shares in TW Telecom went on a frenzying ride that took the company's market capitalization from about $4.4 billion to $44 billion, Zerohedge reported. Nasdaq, the exchange where TWTC trades, was forced to come out with a response, cancelling what it called "clearly erroneous" transactions, presumably under the impression that someone, or something, was trying to trade Twitter stock.</p><p>Nasdaq didn't acknowledge the crazy swing in value that Zerohedge pointed out, though, referring to about 25 trades executed between 9:30 and 9:31 AM at values of $31.18 or above. Nasdaq's own pre-market trading data shows two trades at $32.23, in blocks of 900, coming in exactly at 9:30.</p><p><a href="http://www.forbes.com/sites/afontevecchia/2013/10/10/more-twitter-madness-shares-in-tw-telecom-go-from-30-to-300-in-seconds-nasdaq-blocks-trades/">Keep reading...</a></p>