Linked by Thom Holwerda on Sat 4th Oct 2008 21:12 UTC
Apple 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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Christian Paratschek
Member since:
2005-07-06

Well, I disagree with a certain point. You called what happened a "disastrous result", but why?

This is just what stock brokers do all day long. They react to "feelings", "rumors" and "trends". Trading stocks has nothing to do the real value of a company (at least not nowadays). Prizes go up and down and everyone wants to be the one who buys low and sells high.

So, I guess it's what is to be expected. It just happened to be a quite disgusting rumor this time.

Regarding the special apple case: well, if people believe that the company can only survive with Jobs at the helm then so be it. Again, this is just a feeling, nothing more.

I'd rather
a. work for my money and
b. invest it in gold or a savings book
than be at the mercy of the feelings of some stupid investment analyst who tells me that Apple will drop as soon as Jobs is gone - and probably only because everyone else says it or because he happens to like his MacBook so much that he has a personal Jobs adoration shrine in his apartement.

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