As a result of technical error, Dow Jones flashed newswires of Google buying Apple for $9 billion.
The internet is filled with fake news arriving mostly from unreliable sources. So what do you do when a “reliable source” publishes breaking news on what will possibly be the biggest acquisition in the world of technology? Dow Jones went on a Twitter frenzy as it published newswires of Google buying Apple for an amount of $9 billion.
First spotted by Mac Rumors, Dow Jones newswires published headlines with headlines explaining the entire deal between Google and Apple. The headlines start with “Google to Apple for $9 billion”. This was followed with a hilarious one which reads, “Google Says Yay”. With the acquisition, according to Dow Jones, Google will get “9 Apple Shares for Each Google Share”.
— Trader 53 (@trader_53) October 10, 2017
The reason behind this deal actually taking place is the cherry on top as it says that the late Steve Jobs had suggested Google buying Apple in his will. In addition to the shares, Google will also move in to Apple’s headquarters. The newswires ended with the detail that the deal with Google and Apple is expected to close tomorrow.
Here’s how the story was published by Dow Jones.
— Trader 53 (@trader_53) October 10, 2017
In response to the funny outbreak on Twitter, Dow Jones told Mac Rumors, “Please disregard the headlines that ran on Dow Jones Newswires between 9:34 a.m. ET and 9:36 a.m. ET. Due to a technical error, the headlines were published. All of those headlines are being removed from the wires. We apologize for the error.”
Dow Jones’ CEO William Lewis was also quoted by Mashable as saying, “I take today’s inadvertent and erroneous publication of testing materials extremely seriously. While immediate corrective action has been taken, I have also ordered a review of news and technology processes in this area.”
Dow Jones newswires were actually on a testing spree as the flashes kept mentioning test headlines repeatedly during that time interval. Technical error or not, the acquisition story was quite hilarious. It even managed to increase stocks of both Google and Apple for a brief moment. Apple’s stock increased from $156 (approximately Rs 10,200) to $158 (approximately Rs 10,400) per share.
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