Fake press release exposes real problems in online news distribution

On Monday, a press release distributed by PRWeb bamboozled a number of news organizations, including the Associated Press, into reporting that Google was acquiring wireless Internet provider ICOA. Problem: It wasn’t true.

The incident, Arik Hesseldahl writes, “bears all the markings of an attempt to ‘pump and dump’ the shares of a thinly traded over-the-counter stock.”

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