Twitter’s shares jump after fake story on company’s $31bn takeover offer

The story fairly accurately mimicked the look and feel of Bloomberg News and carried the byline of a staff writer but the website address and errors gave it away

Twitter's shares jumped more than 8% on Tuesday after a fake online story said the company had received a $31bn takeover offer.

The shares jumped from $36.80 to $38.60 in less than 10 minutes after the fabricated story was posted to Twitter and began to circulate.