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Dow Jones hacked, spreads fake news story of Google acquiring Apple


Added 10-10-17 10:31:07am EST - “The Dow Jones newswires appear to have been hacked this morning. The business news portal reported several spurious stories including headlines claiming Google was acquiring Apple for $9 billion, a…” - 9to5mac.com

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Posted By TheNewsCommenter: From 9to5mac.com: “Dow Jones hacked, spreads fake news story of Google acquiring Apple”. Below is an excerpt from the article.

The Dow Jones newswires appear to have been hacked this morning. The business news portal reported several spurious stories including headlines claiming Google was acquiring Apple for $9 billion, and that the deal was pre-arranged with Steve Jobs in his will.

Obviously, every element of the story is made up, but it’s pretty funny to see the temporal blip on Apple’s stock price, which briefly spiked up to $158.

Whilst the contents of the story make it obvious that the news is completely fake, the existence of real-time high-speed trading means the jump to $158 was almost certainly caused by automatic computer algorithms rather than real people.

The fake headlines included news that Google employees would take over the Apple headquarters, receive 9 Apple shares for every Google stock owned and that the deal was set to close tomorrow.

The stock jump was quickly corrected in the following minutes. $AAPL is back to typical levels, around $156.

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