Google to buy Apple for $9 billion: Dow Jones erroneously reports
In a shocking yet funny incident, the Dow Jones Newswire erroneously published reports of Google buying Apple for $9 billion, among other outlandish news on their website at around 9:35 Eastern Time (ET). The fake news caused Apple’s stock price momentarily spike up to $158. Soon, the newswire had issued an apology, clarifying that the reports was published due to “technical errors”.
The report was authored by Josee Rose of Dow Jones. Some of the updates read something like, “Google to buy Apple for $9 million”, “Google Says ‘Yay’”, “Google Says Steve Jobs had suggested this in his will”.
Interestingly, the news sent Apple's stock up about $2 to $158 per share. However, the share prices dropped to Apple’s usual price of $156.
A spokesperson of Dow Jones had clarified in a statement, “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, a stream of test data was inadvertently published,” the spokesperson said. “All of those headlines are being removed from the wires. We apologize for the error.”
At around 5:00 pm ET, Dow Jones had clarified to Gizmodo that the headlines “were accidentally published as part of a technology test” and “were never intended for publication.”