Twitter (TWTR) Pares Gain Following 'Fake' Bloomberg M&A Story

(Updated - July 14, 2015 12:04 PM EDT)

Shares of Twitter (NYSE: TWTR) surged Tuesday after a fabricated Bloomberg M&A story was passed around on social media. The bogus report, which Bloomberg spokesperson Ty Trippet confirmed was fake, claimed Twitter received a $31 billion buyout offer.

Shares popped up as much as 5 percent to $38.82 today before paring gains.

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