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posted by takyon on Wednesday October 11 2017, @11:38PM   Printer-friendly
from the SoylentNews-buys-Slashdot dept.

Submitted via IRC for SoyCow1937

The Dow Jones newswire accidentally published a fake story about Google buying Apple:

A bombshell appeared on the Dow Jones financial newswire on Tuesday: "Google to buy Apple for $9bn".

But the story, that the acquisition had been suggested in the will of Apple co-founder Steve Jobs, was bogus. It was removed after two minutes, though Apple's shares did briefly rise in value. Dow Jones said the news appeared as the result of a "technical error" and should be ignored.

The unintentionally published fake news described the acquisition as "a surprise move to everyone who is alive" and quoted Google employees as saying "Yay". It also stated that Google would move into "Apple's fancy headquarters".


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  • (Score: 1, Insightful) by Anonymous Coward on Thursday October 12 2017, @12:04AM (3 children)

    by Anonymous Coward on Thursday October 12 2017, @12:04AM (#580858)

    It was probably done by someone who managed to make a small fortune on the bump in Apple stock.

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  • (Score: 0) by Anonymous Coward on Thursday October 12 2017, @12:10AM (1 child)

    by Anonymous Coward on Thursday October 12 2017, @12:10AM (#580862)

    "Google to buy Apple for $9bn"

    It was probably done by someone who managed to make a small fortune on the bump in Apple stock.

    At close of business today Apple's market capitalization was $808bn. Google paying $9bn for Apple should have made Apple's stock tank.

    • (Score: 1, Informative) by Anonymous Coward on Thursday October 12 2017, @05:26AM

      by Anonymous Coward on Thursday October 12 2017, @05:26AM (#580989)
      May not matter. Some algos might be buying because they think the broken algos that fall for such a story would be buying. And the other algos are buying because so many algos are buying... ;)

      It works great if you have a fast low latency connection so you're among the first to get off the bandwagon before it crashes.
  • (Score: 2) by captain normal on Thursday October 12 2017, @02:03AM

    by captain normal (2205) on Thursday October 12 2017, @02:03AM (#580916)

    1) start rumor.
    2) buy or short stock.
    3) profit.
    Easy breezy.

    --
    When life isn't going right, go left.