The Museum of Hoaxes
hoax archive hoax archive hoax archive hoax archive hoax archive
 
This Day in the History of Hoaxes: June 23
June 23, 1987: The Dayton Hudson Stock Hoax
The news that a private investment firm was buying the retailer Dayton Hudson for $6.8 billion sent the company's stock price soaring, and then crashing back down again when investors learned the report was false. A 46-year-old investment adviser, P. David Herrlinger, had phoned the Dow Jones News Service and told them he was buying the company, and the news service had believed him. But Herrlinger, it turned out, was suffering a nervous breakdown and delusional, which sparked concern at how easily a single irrational individual could manipulate the market. More…
Categories: This Day in History
Posted by The Curator on Mon Jun 23, 2014
There are no comments yet for this post.



Smileys






Note: By becoming a member you can bypass the captchas, and also post in the Hoax Forum. But because the automated member registration process was being overwhelmed by spammers, we're now forced to sign-up new members by request only. Email "curator at museumofhoaxes.com" if you'd like to be a member. Or use our Contact Form.
All text Copyright © 2014 by Alex Boese, except where otherwise indicated. All rights reserved.