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iReport Wrecks AAPL’s Price This Morning

Posted by Mike Brittain on October 03, 2008
Apple / Comments Off on iReport Wrecks AAPL’s Price This Morning

CNN’s “Unedited” and “Unfiltered” news site, iReport, is showing a false story this morning about Steve Jobs being rushed to the ER.  Apple’s stock price showed a volatile reaction to the news following a pretty decent climb after the market opened this morning.  Someone made money on this — criminal.  I’m all for citizen reporting, but CNN sends mixed signals by attaching its brand to false news and rumors.

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