Category: Technology Author : Duncan Riley Posted: October 25, 2008
Tags : Apple, SEC, steve jobs
An 18-year old is now the target of a U.S. Securities and Exchange Commission investigation for spreading the false report that Apple CEO Steve Jobs had a heart attack. The false report, posted at CNN’s iReport last October 3, sent Apple’s market value down by $4.8 billion or 5.4 percent in just an hour.
“Steve Jobs was rushed to the ER just a few hours ago after suffering a major heart attack. I have an insider who tells me that paramedics were called after Steve claimed to be suffering from severe chest pains and shortness of breath,” the false report posted by the fake citizen journalist stated.
Authorities are still examining the teen’s motives, if there’s any other than playing prank. Steve Jobs has since the incident appeared to show that he is very much alive, revealing his blood pressure reading of 110/70 on the main screen during Apple’s Notebook event.
As a matter of disclosure, I own a meager number of Apple shares that almost went to dust that day.
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Feb 8, 2009
Thanks for the message Dominic Rivera. I appreciate it.
Aug 8, 2011
They surely cannot charge him, it's freedom of speech, isn't it?
Aug 8, 2011
Freedom of Speech isn't what most people think it is. It could be argued that his motives were to hurt the company with false accusations, which in turn could turn into a libel lawsuit from Jobs and Apple. I do like how Jobs handled the situation with the on-stage blood pressure test. Plus Apple shares have skyrocketed since that time.
Aug 8, 2011
I think everyone should have the right to say anything about someone, because if the public are too stupid (or the press) and believe what a random stranger says, well we all need help.