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Oct 8, 2008

Jobs rumor affects Apple stock; who's at fault?

A blogger on e-Consultancy.com published an article today examining the citizen journalism fiasco that erupted late last week when a rumor spread stating that Steve Jobs had had a heart attack.
The rumor sent Apple's stock price plummeting, and many are now debating who is at fault.
Obviously, everyone involved is pointing fingers at someone else. So just who is to "blame"?
In my opinion, everyone.
The blogger explains why he chose to place blame on the original rumor poster, CNN's iReport, the Silicon Valley Insider blog that picked up the rumor and posted it, and the Apple investors who reacted without getting the news from a trusted source.

Click here to read more.

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