Is this not a perfect example of the need to vet websites for credible and authoritative information?! Stephen Morris, writing for Venture Beat, penned today’s article, “Someone Spoofed Bloomberg’s Website and a Fake Article Made Twitter’s Stock Soar,” Highlights quoted from the article:
Hosted on a new Bloomberg.market domain that mimics the real Bloomberg site, the article stated: “Twitter is working closely with bankers after receiving an offer to be bought out for $31 billion, people with knowledge of the situation said.”
Following the fake article today, the price rose to a peak of nearly $39, after a day low of under $36. At the time of writing, its price still remains higher than when the markets opened, so it will be interesting to see what the impact this story has when the markets close later today.
Shout out to Gary Price for highlighting the story on infoDOCKET.