March 22, 2018

Dow Jones Reports Google Bought Apple Due To 'Technical Error'

11 October 2017, 04:08 | Brandon Parsons

Dow Doh! Fake News About Google Apple Merger Causes Market Uproar AFP 2017 EMMANUEL DUNAND LOIC VENANCE

Google's logo and Apple's logo

Obviously, every element of the story is made up, but it's pretty amusing to see the temporal blip on Apple's stock price, which briefly spiked up to $158.

The story describes a "surprise" move that was struck between Google CEO Larry Page and the late Steve Jobs before the Apple co-founders' passing that ignited the deal. No, it's fake news, and we don't have Facebook to blame for it, or at least not directly. Supposedly, Google is buying Apple for a mere $9 billion, which is quite hilarious given that Apple's market capitalization stands at $803.6 billion, and some have seen a $1 trillion market cap as being within striking distance for the iPhone maker. It even included a line saying: "Google employees said, "Yay".

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. It's also worth mentioning that Dow Jones rectified this pretty quickly by removing the fake stories. Apparently, the Dow Jones Newswires had some type of "technical error" which caused the release of several false stories about Google buying Apple.

Odell Beckham Jr. Was Carted Off With An Apparent Left Ankle Injury
This will prove to be a road test for the Giants who could be without their star wide receiver Odell Beckham Jr . Captain Eli Manning could be seen grimacing as Beckham Jr, crying through the agony, was carted off the field.

Dow Jones regrets the erroneous headlines published on its Dow Jones Newswires this morning between 9:34 and 9:36 AM ET.

Dow Jones has since put out a statement saying that the freaky, now removed, headlines were the result of a "technical error".

The company issued a statement to dedicated Apple site 9to5Mac, which first reported on the drama. "We apologise for the error".

Other News

Trending Now

Texas 'bump stock' maker faces lawsuit following Las Vegas mass shooting
The lawsuit asks the defendants to pay for the costs associated with counseling and other treatment for emotional distress. The event was held at the law offices of Eglet Prince 400 South Seventh Street, Suite 400 in Las Vegas.

Mila Kunis and Ashton Kutcher won't buy their children Christmas gifts
Growing up in communist Russian Federation , young Mila Kunis was not familiar with the traditions involved during Christmas. Kunis said they don't even know what they're expecting; they're just expecting stuff.

The NRA's phony concession on bump stocks invites a real ban
This is an opinion, written from the perspective of the writer and does not reflect the views of Sidelines or MTSU . In the past, the National Rifles Association has lobbied hard to prevent legislation restricting gun purchase.

Man Convicted of Raping 12-Year-Old Granted Joint Custody of Child
Mirasolo was released from jail in December 2010 after spending just six months for the assault. The victim's attorney Rebecca Kiessling told the Detroit News the decision was "insane".

Spain beats Israel 1-0 in its last World Cup qualifier
A security agent was quoted by local reporters as saying: 'We immediately understood that he had a knife in his pocket'. It must also be stressed that there's not a single photograph of any Israeli fan with a knife in their possession.

Arjen Robben retires from worldwide football after Netherlands World Cup disappointment
Robben enjoyed a fabulous global career after he burst onto the scene aged 19 in a friendly against Portugal back in April 2003. Robben was part of the squads which finished third at the 2014 World Cup and lost the 2010 final to Spain.

Could Coleman be an option for the play-offs?
Randolph then made a superb save to tip Hal Robson-Kanu's powerful header over the crossbar in the 54th minute. The draw comprises the eight best runners-up from the European World Cup qualifying groups.

Kate Middleton Debuts Baby Bump at First Appearance Since Announcing Her Pregnancy
But tonight she made her first appearance, and the Duchess of Cambridge glowed as she stepped in front of cameras. The condition forced Kate to be admitted to hospital in the early months of her pregnancy with George.

Defence minister makes aerial survey of Doklam-Nathula area
The Hong Kong-based South China Morning Post headlined its story saying that "India's defence minister builds bridges with Chinese troops".

Chicago Cubs pull off improbable comeback, take 2-1 lead in NLDS
Cubs' third baseman Kris Bryant then broke up the no-hitter with a single that drove Baez in and made the score 1-0. The Nationals' only run in fact was set up by a brutal two-error misplay by Kyle Schwarber in left field.