UBS Group AG, a Swiss multinational investment bank, took to Twitter to publicly criticize Stephen Morris, a European banking reporter at The Financial Times.
Morris stated that the bank had fallen short of analyst estimates, when UBS had actually beaten estimates.
The Financial Times corrected the story, and a note was added to the article pointing out that information had been updated.
While The FT certainly has the potential to move stock prices, many considered the criticism an overreaction. Michael Steen, the head of media relations at the European Central Bank, tweeted that UBS’s reaction was “not a good look” for criticism.