When FedEx stopped trading its stock for a few minutes on Wednesday, eyebrows immediately raised.
Company stock and stop trading for a variety of reasons, but one big reason immediately came to mindFedEx had been acquired.
And not just acquired by anyone. What if it was Amazon. adding another piece to its growing global reach?
Turns out, Amazon wasn’t buying FedEx. The delivery company instead was suffering from an information systems virus that affected its deliveries through TNT Express and its communication systems.
But you can’t blame everyone for being on edge. After Amazon bought Whole Foods, an Amazon acquisition of an actual major shipping company seems totally believable.
Rumors about an Amazon/FedEx takeover?!?!
lindsay rittenhouse (@kitten_mouse) June 28, 2017
Maybe Fedex is buying Amazon. Ever consider that?
Charley Grant (@CGrantWSJ) June 28, 2017
It was a fun 20 minutes for people watching Amazon’s every move. (And people who care about FedEx, I guess.) Next time FedEx halts trading, maybe it’ll be more than a cyberattack.