The financial market got pretty confused on Tuesday, October 10, when Dow Jones Newswires, a news service reporting real-time events that could affect stock markets around the world, warned the world that Google had purchased from Apple.
Yes, the story does not make any sense. Apple is the most valuable company in the world and could hardly be bought by any other company, even if it is a giant of the size of Google. Even weirder was the value of only $ 9 billion in business; for reference, the purchase of WhatsApp by Facebook handled more than $ 20 billion.
— Trader 53 (@trader_53) 10 de outubro de 2017
deeper into the news, it was very obvious that it was a joke that should not be published. The text indicated that Google’s partners would receive 9 Apple shares for every Google share they had. In addition, the merger would have been a wish that Steve Jobs left in his will. To complete the craziness, Google’s only comment on the subject would be a “Yay.”
No major impact has been recorded on the actions of any of the companies involved, fortunately, because people who operate this type of trading can not believe in something so obviously false. However, there are many robots operating on stock exchanges that rely on news such as Dow Jones Newswires to buy or sell some asset automatically. Such a failure could, indeed, cause enormous damage.
Dow Jones confirmed that there was an error. The company attributes the problem to a “technical error” that occurred between 9:34 AM and 9:36 AM Eastern time, and that the wrong news was removed from the platform. The texts with the false information were made for internal testing of the system and should not have been published, the company said.