Monday, July 20, 2015

Twitter stock pumped by bogus story about $31 billion buyout offer

From Sophos Naked Security:

Twitter stock pumped by bogus story about $31 billion buyout offer

Fraudsters who posted a fake news story didn't even bother to spellcheck the name of Twitter's former CEO, but the story nonetheless briefly caused the company's stock to spike.

The article, rigged to look like it came from Bloomberg, appeared online on Tuesday.

It claimed the company had received a $31 billion buyout order (about £19.8 billion).

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