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Dow Jones 'Technical Error' Blamed for Fake Story About Google Acquiring Apple

Considering Apple is the largest company in the world, that would have been one heck of a leveraged buyout!
Asif Khan
Asif Khan
3

Early in the trading session, Dow Jones Newswire posted a series of very peculiar headlines regarding two of the largest technology companies in the world.

Image Courtesy of Trader 53 on Twitter
Image Courtesy of Trader 53 on Twitter

The first ridiculous claim was that Google would acquire Apple for $9 billion. That price point is almost $796 billion below Apple's current market capitalization. In fact, no company in the world can afford to acquire Apple. The next headline claimed that "Google Says Yay," which makes sense given that ridiculous discount to Apple's current market value at which this supposed deal was priced. The false headlines continued with claims that "Steve Jobs Suggested this in His Will," "Google Will Takeover Apple Headquarters," and that the deal was expected to close tomorrow. 

Color me skeptical, but I find it hard to believe that these headlines would be generated by a "technical glitch." My inner conspiracy theorist senses are tingling. Perhaps Dow Jones is trying to cover up a hacker intrusion that lead to these false and somewhat hilarious headlines. Apple shares spiked temporarily on the news and ended the day nearly unchanged. What do you think? Let us know in the comments section.

CEO/EIC/EIEIO
CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

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