04 April 2018
A technical error on Dow Jones, led to the spread of fake news that Google is set to acquire Apple for a measly $9 billion. The report stated that the acquisition deal was made prior to Steve Jobs death.
The report also went on to say that Google employees would be moving into Apple's "fancy headquarters" post the acquisition. “Google employees said Yay!” The report added that the deal will close tomorrow. The story said that "the deal was announced when Jobs's will was read in Cupertino, California."
After the news, Apple’s stock reportedly jumped to $158, but later corrected to $156 levels.
The story and accompanying headlines have been removed now by Dow Jones, which added:
"Dow Jones regrets the erroneous headlines published on its Dow Jones Newswires this morning between 9:34 and 9:36 A.M. ET. The items, which were never intended for publication, were accidentally published as part of a technology test. 'I take today's inadvertent and erroneous publication of testing materials extremely seriously. While immediate corrective action has been taken, I have also ordered a review of news and technology processes in this area,' said William Lewis, CEO of Dow Jones and Publisher of The Wall Street Journal.
In response to assumptions that the Dow Jones site had been hacked, Dow Jones' director of communications, Steve Severinghauss stated, "We absolutely were not hacked." The company is currently conducting an internal review of the incident.