On This Date In Web Hoax History...

On August 25, 2001, investigators were looking for clues into the origins of a fake press release that had made its way across the wires. According to that hoax release, the tech company Emulex was restating its 1998 and 1999 earnings, would go from gains to losses on more previous earnings, and the company’s CEO had stepped down. The story was picked up by Bloomberg and other financial outlets and Emulex’s stock price tanked as a result.

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