/DISREGARD RELEASE: The Kroger Co./

Rhea-AI Summary

The Kroger Co. has issued a statement advising that a press release about accepting Bitcoin Cash during the holiday season is incorrect. The company clarified that this news was not authorized and should be disregarded. This announcement highlights the importance of verifying information before public dissemination.

Positive

• None.

Negative

• Unauthorized press release could harm Kroger's reputation.
• Potential confusion among customers regarding payment options.

News Market Reaction

-2.53%

1 alert

-2.53% News Effect

On the day this news was published, KR declined 2.53%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

We are advised by The Kroger Co. that journalists and other readers should disregard the news release, Kroger to Accept Bitcoin Cash This Holiday Season, issued earlier today over PR Newswire, as it is incorrect and was not authorized by the Company.

SOURCE The Kroger Co.

FAQ

What was the incorrect press release about Kroger and Bitcoin Cash?

The press release incorrectly stated that Kroger would accept Bitcoin Cash during the holiday season.

Did Kroger approve the news release about accepting Bitcoin Cash?

No, Kroger stated that the press release was not authorized by the Company.

What should readers do regarding the Bitcoin Cash press release from Kroger?

Readers should disregard the press release as it contains incorrect information.