I have lost all faith in the media and in the sanity of stockholders today, after a citizen report on CNN’s iReport website claimed an anonymous source said that Steve Jobs had been hospitalized following a heart attack. And then, based upon that, AAPL fell as much as 5.4% to $94.65, its lowest in quite a long while, before recovering.
That’s right. Because of a citizen’s report, which anyone can make, on CNN’s iReport site, which said that an anonymous source knew about this, people panicked and sold their stock in what is possibly one of the most stable companies out there right now. For Pete’s sake, iReport’s slogan is “Unedited. Unfiltered. News.” complete with inexplicable periods between words.
Apple denied the report in an interview, but not before seeing AAPL stock drop to $94.65. After the announcement, stock rebounded to a still low $103.92.
Read [Bloomberg]
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CNN claims iReport is "unfiltered', but they know damn well it syndicates into newsfeeds like google news. So the google link said, "CNN: Steve Jobs Rushed to Hospital".
CNN is just as much to blame.
Steve is like a genius. I wonder how he feels about people depending on his every movement.
"And then, based upon that, AAPL fell as much as 5.4% to $94.65, its lowest in quite a long while, before recovering. "
W, W, W, W, WHAT KIND OF WRITING IS THIS?
In a long while ?!?!?!?!? Do your research mortal !!!
It's a new 52 week low. The last time it was this low was in May 2007 before the original iPhone introduction.
nop
"Steve is like a genius. I wonder how he feels about people depending on his every movement."
Insanely Great?