Fake Twitter Buyout Article Fools Everyone, Sends Stock Soaring

Josh WolfordBusiness

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Hoax articles – fooling everyone from your racist uncle on Facebook to top Wall Street investors.

An article suggesting that Twitter had received a $31 billion offer sent the company's stock prices soaring earlier this afternoon.

The article, called Twitter Attracts Suitors, is hosted on bloomberg.market and made to look exactly like a Bloomberg Business article.

"Twitter is working closely with bankers after receiving an offer to be bought out for $31 billion, people with knowledge of the situation said," is reads. "While a deal is expected to to be reached, bankers may rebuff any suitor or work out an eventual sale, the people said asking not to be named as the information is private. In the past, Google has been named most likely to buy the micro-blogging site, but the people said there was also strong interest from an un-named foreign buyer."

Google's named has been floated as a possible Twitter suitor for quite some time. But the only problem with all of this is that it's a complete fake.

Bloomberg confirmed the article is not one of their stories.

As for Twitter stock – see that big spike? That's the work of the article.

Screen Shot 2015-07-14 at 1.29.51 PM

The .market domain was registered a few days ago.

Josh Wolford
Josh Wolford is a writer for WebProNews. He likes beer, Japanese food, and movies that make him feel weird afterward. Mostly beer. Follow him on Twitter: @joshgwolf Instagram: @joshgwolf Google+: Joshua Wolford StumbleUpon: joshgwolf