ERP News

Dow Jones said that Google was buying Apple, and the bots bought it

761 0




There you have it. Steve Jobs’ will + Dow Jones + Apple Park = Google’s buying Apple. I think we finally have algorithmic transparency.

This morning Dow Jones shot some fake news out over the wires announcing that Google was acquiring Apple for $9 billion. For a brief second, the news sent Apple’s stock up about $2 to $158 per share. To the benefit of everyone’s morning, both stock prices quickly returned to normal.

The story went something like this. Larry Page and Steve Jobs started discussing an acquisition back in 2010. Jobs outlined the plans in his will, which dictated the sale to close tomorrow. Google would get nine Apple shares for each Google share at a deal value of $9 billion. Insane to a human, logical to a bot.

Dow Jones issued a statement to 9to5Mac, who first reported the drama. The company asserted that the calamity was the product of a technical error and all erroneous headlines would be stripped from the newswire.

Read More Here

Leave A Reply

Your email address will not be published.