Twitter Went Pump and DUMPPPPPP

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Twitter shares spiked on a fake report the company has found a buyer.

A report on a website made to look like Bloomberg.com claimed that Twitter has gotten an offer to be taken over for $ 31 billion.

Bloomberg spokesman Ty Trippet subsequently said the Twitter story is fake.

Following circulation of this article, which we first saw at The Fly, shares of Twitter spiked as much as 5%.

Shares of the company quickly gave up most of those gains in morning trade on Tuesday.

Here’s the wild ride in the stock.

Google Finance

Here’s a screengrab from the fake Bloomberg.com, bloomberg.market.

Screenshot

Read more:  http://www.businessinsider.com/twitter-shares-are-spike-on-fake-takeover-rumor-2015-7#ixzz3fspy1PqL