Daily Archives: October 26, 2008

18-year-old posted fake report that Steve Jobs had a heart attack

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Don’t mess with Steve!

According to Bloomberg — “An 18-year-old posted the fake Internet report that Apple Inc. Chief Executive Officer Steve Jobs had suffered a heart attack, and investigators haven’t found evidence the teenager tried to profit from driving down the stock, two people with knowledge of the matter said.

The U.S. Securities and Exchange Commission is examining the teen’s motives after the article on CNN’s iReport.com sent Apple shares down as much as 5.4 percent on Oct. 3, according to the people, who declined to be identified because the probe isn’t public. While the investigation is continuing, the agency hasn’t unearthed any trading records that show he benefited from the drop, one of them said.”

(Read full article HERE)

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