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

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

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

Many followers assumed Dow Jones had been hacked, especially the firm also sent out several test alerts prior to the Google news.

If you're wondering about the news of Google buying Apple, we'll cut right to the chase.

Of course it was all fake news. The reported $9 billion purchase price is barely one percent of Apple's $800 billion market value. "Google employees said, 'Yay'".

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Other details in the freaky story included news that Google would get nine Apple shares for each Google share and the employees of the search giant would take over the new Apple headquarters.

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.

The technical error resulted in a ludicrous story stating Google acquiring its biggest competitor for $9billion (£6.8billion) and that each Google shareholder would be entitled to nine shares of Apple stock.

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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. Dow Jones staffers apparently did that at some point in the past, then someone screwed up by pushing the "publish" button.

The company issued a statement to dedicated Apple site 9to5Mac, which first reported on the drama. "All of those headlines are being removed from the wires", Severinghaus said in the statement. "We apologise for the error".

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