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Bloomberg Confirms Twitter Story Is Fake, Share Gains Erased

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On Tuesday morning around 11:38 a.m. ET, a link circulated around the Street appearing to come from Bloomberg that Twitter Inc (NYSE: TWTR) was "attracting suitors."

The URL itself (www.bloomberg.market) appeared suspect at first. After reading the piece, some began to recognize grammatical errors and started to question the validity.

A search from a Benzinga Pro analyst showed that the apparent author -- Stephen Morris, a U.K. M&A reporter for Bloomberg -- didn't have this most recent post under his Bloomberg Writer Profile. From there, Benzinga checked on WhoIs.com to see the website registrants info only to realize the bloomberg.market link was made on July 10.

Following a confirmation from Bloomberg, Twitter shares promptly erased any gains seen following the publication of the fake report.

Shares reached a high of $37.90, up about 8 percent on the day. Shares traded recently at $37.03, up 3.4 percent and back to where the stock was before the link hit.

Posted-In: BloombergNews Movers

 

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