Twitter shares spike on fake Bloomberg story that it's selling for $31 billion
Jul 14, 2015, 21:24 IST
Twitter shares spiked Tuesday on a fake report the company had found a buyer.
Advertisement
A report on a website made to look like Bloomberg.com said Twitter had gotten an offer to be taken over for $31 billion.
Bloomberg spokesman Ty Trippet subsequently said the Twitter story was fake.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
After circulation of this article, which we first saw at The Fly, shares of Twitter spiked by as much as 5%.
Shares of the company quickly gave up most of those gains in morning trade Tuesday.
Advertisement
Here's the wild ride in the stock.
Here's a screengrab from the fake Bloomberg.com, bloomberg.market.
