Hoax prompts trading frenzy for ICOA stock - FOX 8 WVUE New Orleans News, Weather, Sports

Hoax prompts trading frenzy for ICOA stock


Warwick, R.I. - A fake press release sparked a trading frenzy on Wall Street Monday for a little penny stock called ICOA.

The release indicated that Google had bought the hotspot provider for $400 million.

By midday, more than three billion shares of ICOA traded over the counter.

ICOA has confirmed the press release is a fake.  It has not mentioned who the company thinks may be behind it.

Powered by WorldNow

Louisiana Media Company, LLC.
1025 S. Jefferson Davis Parkway
New Orleans, LA 70125

General Number: (504) 486-6161
News Tips: (504) 483-1503
News Room Fax: (504) 483-1543

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVUE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
WVUE's Public Inspection File can now be accessed online. To access the online public inspection file click here: https://stations.fcc.gov/station-profile/wvue-dt.