Someone sent out a fake IAC press release under a spoofed email address this morning saying that the company was going to begin a stock buy back program. This is almost certainly aimed at moving the stock price. Paid Content at least briefly ran it, then retracted. A copy of the release is here.
Nothing nearly as dramatic happened this time compared to the Engadget/Apple fake news event that knocked, temporarily, $4 billion off of Apple’s share price. IAC’s stock was up quite steeply during the day, though
As I said when this happened with Engadget, it’s quite common for bloggers to post very quickly when news breaks. A reasonable press release like this one is bound to get some coverage. We don’t cover this kind of thing on TechCrunch, but if we did it may have been posted briefly. The important thing is to fix it as soon as possible.