Dow Jones technical error spreads fake news story of Google acquiring Apple

Dow Jones technical error spreads fake news story of Google acquiring Apple

"In a surprise move to anyone who is alive, Google said it's going to buy Apple for $9 billion", read a report by Josee Rose.

The Dow Jones pushed out several spurious stories about the deal which reported the takeover was pre-arranged with Steve Jobs in his will.

The Dow Jones Newswires have Google CEO Larry Page having "secret talks" with Jobs in 2010 to strike the deal, which supposedly was announced when Jobs' will was read in Cupertino, Calif.

A report by the Dow Jones newswire overnight claimed Google was set to acquire Apple for US$9 billion, momentarily causing Apple stock to jump and no doubt left investors scratching their heads.

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Of course it was all fake news. The fake news story said Google employees would be moving into Apple's headquarters.

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 nearly certainly caused by automatic computer algorithms rather than real people. But Dow Jones director of communications Steve Severinghauss told Gizmodo, "We absolutely were not hacked".

The Apple-centric site 9to5mac was the first to break the news. "Due to a technical error, a stream of test data was inadvertently published", the spokesperson said, in a statement.

In a statement, Dow Jones said traders should disregard the headlines that ran between 9:34 a.m. and 9:36 a.m.

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