False Report Makes Apple’s Stock “iDrop”

SEC

SEC

In a world where the stock prices are driven by pure speculation and rumors, it’s funny to see what a small report can do. Especially when it is said to be “false”. I have to say, I think this is getting out of control and investors will have to rely on real company performance, numbers and facts instead of emotions and speculation.

An article appeared on CNN’s iReport.com reporting that Apple’s CEO, Steve Jobs, was rushed in the hospital after suffering from a “major heart attack” on Friday. Immediately following the post, Apple’s stock started fall.

Everything was later denied and reported as being “fraudulent” by CNN. An investigation is underway to identify if the false report was posted to intentionally make the Apple stock go down.

Bloomberg via MacDailyNews
iReport

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