Twitter shares spike on fake Bloomberg story that it's selling for $31 billion (TWTR)

Twitter shares spiked on a fake report the company has found a buyer. 

A report on a website made to look like Bloomberg.com claimed that Twitter has gotten an offer to be taken over for $31 billion. 

Bloomberg spokesman Ty Trippet subsequently said the Twitter story is fake. 

Following circulation of this article, which we first saw at The Fly, shares of Twitter spiked as much as 5%. 

Shares of the company quickly gave up most of those gains in morning trade on Tuesday. 

Here's the wild ride in the stock. 

Here's a screengrab from the fake Bloomberg.com, bloomberg.market.

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