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.