It appears that “fake news” has finally made it to the news wires.
Shortly after the market open, Dow Jones blasted a story that “in a surprise to everyone who is alive” Google was buying Apple for $9 billion. It said that Google CEO Larry Page had “secret talks with the now-deceased Steve Jobs in 2010 to firm up the deal” which was announced when Jobs’ will was read in Cupertino. As a result, each Google shareholder would get 9 shares of Apple stocks, and the report added that “obviously Google will move into Apple’s fancy shareholders. Google employees said, “Yay.”
The release was accompanied by a flurry of machine-readable headlines on Bloomberg and other news services:
Well, apparently the algos ignored the ridiculous details and the laughable purchase price and promptly sent the price of Apple surging to $158, if only for a few seconds…
We can only imagine the avalanche of furious phone calls into Dow Jones because moments ago a Dow Jones spokesman announced to “Please disregard the headlines that ran on Dow Jones Newswires between 9:34 a.m. ET and 9:36 a.m. ET.” He said that “due to a technical error, the headlines were published. All of those headlines are being removed from the wires. We apologize for the error.”
Leave A Comment