The Power of a Rumor

Shares of Napster (NAPS) exploded higher today on the rumor that it was going to be bought out by Google (GOOG).
It’s not true, but that’s only slightly hurt the rally.
Update: The rumor started with the New York Post. Napster closed 25% higher.

Posted by on January 31st, 2006 at 1:16 pm

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