It’s been a wild ride for Twitter stocks this morning. A fake news report drummed up the idea that the company would receive a buyout offer for $31 billion, which sent stock soaring.
The report appears to be from Bloomberg Businessweek, with the byline of actual reporter Stephen Morris. But the source website is a fake — coming from a Bloomberg.markets URL, which the corporation does not own. A spokesperson from the company has already denied the veracity of the article, and the website seems to be registered to someone in Panama.
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According to CNBC, Twitter has outright denied any buyout claims.
Stocks for Twitter surged this morning on the report, rising roughly 8 percent. Of course, it then precipitously dropped as soon as it was debunked.
See the stock chart below:
Rumors have swirled around Twitter’s future since the exit of CEO Dick Costolo. Most recently, it has been subject to rumors of an acquisition by Google.
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