Twitter Shares Soar on Phony Bloomberg Story - McDermott Will & Emery

Twitter Shares Soar on Phony Bloomberg Story

Overview


Eugene Goldman said the perpetrators of a fake business news service website that carried a false report of a buyout offer for social media company Twitter could face civil and criminal charges of stock manipulation, because the site “seems designed to manipulate the market, assuming they invested in Twitter stock before they put up the website.” Read the full article