NEW YORK—Twitter Inc.’s stock briefly spiked on Tuesday after a fake story said the company had received a $31 billion buyout offer.
The story, which cited “people with knowledge of the situation,” appeared on a website made to look like Bloomberg’s business news page.
The website was registered Friday, July 10, according to a search of the nonprofit Internet Corporation for Assigned Names and Numbers, and the identity of the person or company who registered it is not publicly available.
Twitter's stock spiked 8.5 percent in late morning trading before settling back down after the story was confirmed fake.
