Just a day after a report claiming that Twitter received a $31 billion buyout offer hit the headlines, the micro-blogging company has confirmed that the story is fake. Interestingly, the report led to the company's share price increasing by 8%, although it closed up only 2.6% after the dust settled. If you aren't in the know, the report was published on a site named bloomberg.market (its account has since been suspended), which looked like a Bloomberg website. This made the story look legit, at-least at the first glance. A Bloomberg spokesperson, however, later confirmed that the story was "fake and appeared on a bogus website." Incidentally, all this happened just over a month after former Twitter CEO Dick Costolo decided to step down from his position amid mounting concerns over slow user growth. Via 1 | Via...
Source: http://www.gsmarena.com/twitter_confirms_buyout_story_was_hoax-news-13051.php
