The erroneous press release could be illegal as it had the potential to move markets with false information.
After Ripplewood notified the authorities, the LSE said it was alerted by EQS, a German service that publishes financial news. “We were made aware of a potentially erroneous press release being displayed on the London Stock Exchange website and other news platforms,” Karen Lee, the manager of corporate communications for the LSE said in an email to Gizmodo.
The Ripplewood debacle comes as fake news is increasing online and appears to be getting worse with 67% of Americans reporting they come across fake news and 38.2% of adults saying“It’s a huge problem, it’s one of the biggest problems that we’re dealing with right now,” Min-Seok Pang, an associate professor of management information systems and the Milton F. Stauffer Research Fellow at Temple University’s Fox School of Business told.
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