Electronics

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 freaky quote, Google employees are stated to have said "yay" when they found out they were moving to "Apple's fancy headquarters".

"Obviously, Google will move into Apple's fancy headquarters", the story read.

The Dow Jones newswires had a "technical error" which caused the portal to report several spurious stories including several headlines claiming Google was acquiring Apple for $9 billion, and that the deal was pre-arranged with Steve Jobs in his will.

Of course it was all fake news.

Apple's shares were mostly unmoved by the stories, likely because of the outlandish nature of the claims. Yes, that Apple, the one with a market cap of $805 billion, greater than Google's parent company Alphabet's market cap of $677 billion. It even included a line saying: "Google employees said, "Yay".

GE ropes in Miller as CFO
The departures, announced late on October 6, came shortly after Jeffrey Immelt stepped down as chairman earlier than planned. The company cut its dividend in 2009 during the financial crisis, the first such move for GE since the Great Depression.

Dow Jones regrets the erroneous headlines published on its Dow Jones Newswires this morning between 9:34 and 9:36 AM ET. "Google Chief Executive Larry Page had secret talks with the now-deceased Steve Jobs in 2010 to firm up the deal".

Dow Jones blamed a "technical error" and quickly retracted the story. But it did prompt a slight spike in Apple's share price, due to bots, or automatic computer algorithms buying up the share as most humans wouldn't have believed the story to be legitimate.

Dow Jones later apologised for the error. "All of those headlines are being removed from the wires", Severinghaus said in the statement.

The company issued a statement to dedicated Apple site 9to5Mac, which first reported on the drama.


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