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More recent updates have Google claiming this hasn't happened http://allthingsd.com/20121126/google-sources-say-company-didnt-buy-icoa-wireless/ http://allthin

More recent updates have Google claiming this hasn't happened http://allthingsd.com/20121126/google-sources-say-company-didnt-buy-icoa-wireless/ http://allthingsd.com/20121126/google-sources-say-company-di... (well played mods on the updated title ;-)

josh2600 14y ago
What is it with Google and unauthorized Press Releases? For a company this big it's strange that they would misinform the public twice within a 6 month period.
- BHSPitMonkey 14y ago
  Somebody writing a fake press release on PRWeb != Google misinforming the public.
derpenxyne 14y ago
TechCrunch is saying the same: http://techcrunch.com/2012/11/26/icoa-corp-ceo-this-is-not-true-we-never-had-discussions-with-any-potential-acquirers/ http://techcrunch.com/2012/11/26/icoa-corp-ceo-this-is-not-t...
arikrak 14y ago
Shoots. I just wrote a whole article on the topic for SeekingAlpha, which I'll have to pull back. Internet, be more reliable!
asmithmd1 14y ago
It looks like your standard penny stock "pump and dump" except this is not a penny stock since it was trading at .0001 - 1/100 of a cent - this morning http://www.google.com/finance?cid=9420828 http://www.google.com/finance?cid=9420828
- NelsonMinar 14y ago
  According to that chart it traded as high as .0004 today; so TechCrunch and Hacker News helped contribute to a 400% profit for some pump-n-dump scam. Volume peaked at about 500M shares, maybe 800M total, or about $320,000 transacted.
NelsonMinar 14y ago
It really is awful how tech blogs like TechCrunch breathlessly run with any rumor without trying to check it first. Kara Swisher (of AllThingsD) has a rather tart riposte to TechCrunch on Twitter. 'hey TC, it was not a PR agency that was "dead wrong," it was your "process" journalism (aka doing no actual reporting)'. https://twitter.com/karaswisher/status/273106406536802304 https://twitter.com/karaswisher/status/273106406536802304

josh2600 14y ago

What is it with Google and unauthorized Press Releases? For a company this big it's strange that they would misinform the public twice within a 6 month period.

BHSPitMonkey 14y ago
Somebody writing a fake press release on PRWeb != Google misinforming the public.

derpenxyne 14y ago

TechCrunch is saying the same: http://techcrunch.com/2012/11/26/icoa-corp-ceo-this-is-not-true-we-never-had-discussions-with-any-potential-acquirers/ http://techcrunch.com/2012/11/26/icoa-corp-ceo-this-is-not-t...

arikrak 14y ago

Shoots. I just wrote a whole article on the topic for SeekingAlpha, which I'll have to pull back. Internet, be more reliable!

asmithmd1 14y ago

It looks like your standard penny stock "pump and dump" except this is not a penny stock since it was trading at .0001 - 1/100 of a cent - this morning http://www.google.com/finance?cid=9420828 http://www.google.com/finance?cid=9420828

NelsonMinar 14y ago
According to that chart it traded as high as .0004 today; so TechCrunch and Hacker News helped contribute to a 400% profit for some pump-n-dump scam. Volume peaked at about 500M shares, maybe 800M total, or about $320,000 transacted.

NelsonMinar 14y ago

It really is awful how tech blogs like TechCrunch breathlessly run with any rumor without trying to check it first. Kara Swisher (of AllThingsD) has a rather tart riposte to TechCrunch on Twitter. 'hey TC, it was not a PR agency that was "dead wrong," it was your "process" journalism (aka doing no actual reporting)'. https://twitter.com/karaswisher/status/273106406536802304 https://twitter.com/karaswisher/status/273106406536802304