Citizen “Journalist” Hits Apple Stock With False (Steve Jobs) Heart Attack Rumor

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Posted by Dr. Blip in Hot Topic at 11:41 | Friday, October 3. 2008

techcrunch - Apple’s stock took a temporary 10-point hit this morning after a false report surfaced on CNN’s iReport that Steve Jobs had a heart attack. The report has been removed, but only after Silicon Alley Insider and others confirmed with Apple that Jobs did not have a heart attack.

Was this just a short seller trying to make a quick buck, or someone trying to see how fast and far they could spread a false rumor? And what does it say about the value of citizen journalists?

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