The Latest In Wall Street Buyout Hoaxes: Twitter
Twitter's stock soared when a fake Bloomberg article reported the company had received a buyout offer.By Leah Becerra | July 14, 2015
It happened again — this time with Twitter. The company's stock took a ride Tuesday thanks to a buyout hoax.
This time the fake news came from a fake news site with the URL Bloomberg.market. It was made to look like the real Bloomberg site: Bloomberg.com. Whoever created the fake site did a pretty good job too, because investors totally bought it.
At open, Twitter stock (TWTR) was already doing well. Then CNBC picked up the false news story.