In a shocking incident, Dow Jon’s Newswire sent several fake headlines on Tuesday. The headlines included the one that stated that Google is about to acquire Apple for $9 billion. Dow Jones claimed that the incident happened due to a technical error and also denied reports of any hack.
The spread like a fire and for a brief second, Apple’s stock went up about $2 to $158 per share and stock prices quickly returned to normal as well. The fake news was later removed by DJ.
Few headlines released included news that the Google employees would take over Apple’s headquarters, receive 9 Apple shares for every Google stock owned and also that the deal was set to close on Wednesday.
Dow Jones issued following statement regarding the matter, “Please disregard the headlines that ran on Dow Jones Newswires between 9:34 a.m. ET and 9:36 a.m. ET. Due to a technical error, the headlines were published. All of those headlines are being removed from the wires. We apologize for the error.”