Twitter’s share price spiked 5.8% this afternoon following rumours that the social media company had received an offer to be bought out for $31 billion.
Twitter's stock surges 5.8% after report of takeover bid http://t.co/egeFU5jDJ9
— MarketWatch (@MarketWatch) July 14, 2015
Shares crashed back down within minutes once traders realised they had been duped by a website called Bloomberg.market that had been made to look exactly like Bloomberg.com.
Smartest men in the room…
According to ICANN, the http://t.co/xSRi0gwjKb domain was registered last Friday (July 10) to someone who lists a Panama PO Box.
— Steve Kopack (@SteveKopack) July 14, 2015