Linked by Thom Holwerda on Sat 4th Oct 2008 21:12 UTC
If you're looking for a party, Wall Street probably isn't the place you're going to find one. And to make matters worse, there are apparently people out there who are wilfully trying to make the life of the people on Wall Street (and subsequently, the rest of the world) even harder. By making up fake stories. And publish them on CNN's Digg - iReport.com. Some individual had posted a fake report last Friday, claiming Steve Jobs had suffered from a heart attack and was rushed into the hospital. As a result, Apple's stock made a 10% nosedive.
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Member since:
2006-10-10
This is what Wall Street does, predicts and reacts. Of course the fund managers are going to flee Apple in droves if something negative happens to Jobs. I don't care what iHype device Apple has released, and how good it's selling. As far as Wall Street is concerned Steve Jobs IS Apple. In the eyes of the brokers, he's the man that single handedly took Apple from the edge of of oblivion and made it a $200/share company in 10 years.
With no successor in place, it's going to be a mad rush for the door if something ever happens to him.