Don’t believe everything you read, and most importantly, don’t believe everything you read on the internet. Here is a tale of what can happen when a rumor, unconfirmed by either Amazon.com (NASDAQ: AMZN) or Zillow (NASDAQ: ZG) (NASDAQ: Z), is taken up by social media as fact, and is used to buy or sell a stock.
The result can ruin a portfolio.
Image source: Zillow Group.