Daily Archives: October 4, 2008

Blink and you’d have missed it. Apple’s shares briefly fell 10 per cent Friday morning after a CNN-owned website published a false report claiming that Steve Jobs had suffered a heart attack.

Apple quickly denied the report, which appeared on iReport.com, a CNN-owned website that allows citizen journalists to publish “unedited, unfiltered news.” Shares in the company later recovered to trade down just 3 per cent on the day. The SEC is investigating, according to CNN, which called the report “fraudulent.” Read more