Thursday, 6 October 2011

SEC Investigating Steve Jobs Heart Attack Story




Steve is fine, just fine.
At the end of last week, a completely false report hit the blogosphere that said Steve Jobs had been rushed to the hospital following a major heart attack. This in turn drove the stock down to just over $97, the lowest it has been since the first iPhone release.
Now the big guns are coming in to play. The SEC is looking into this matter as intentional stock manipulation. The story apparently originated on the CNN iReport site… However CNN will probably not be the target of the investigation. The story on iReport was properly tagged as ‘unfiltered and potentially inaccurate’. At least they did that much.
CNN did remove the story and the user account once this false news came to their attention, but it was too late. The report had already made it to digg, where the word really started to spread.
Should be interesting to see how this all turns out.

No comments:

Post a Comment