In recent times Apple Inc. has to suffer significant losses to misinformation.
The details of which are as follows:
In 2007, Fraudulent reports that the release of Apple's two products-- iPhone and Leopard operating system would be delayed made apple lose $4 billion of its market capitalization.
In early 2008, Apple shares again took a plunge when speculative reports regarding Steve Jobs' (Apple's CEO) poor health appeared in the media.
Now, Apple has suffered again by some serious misinformation. This time the erroneous report comes from a citizen journalist, who posted the report in CNN's iReport -- a citizen journalism site. The report which said CEO Steve Jobs had a heart attack, pulled down the Apple shares form $105.27 to $95.41. Only after the company denied the report the stock recovered.
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The details of which are as follows:
In 2007, Fraudulent reports that the release of Apple's two products-- iPhone and Leopard operating system would be delayed made apple lose $4 billion of its market capitalization.
In early 2008, Apple shares again took a plunge when speculative reports regarding Steve Jobs' (Apple's CEO) poor health appeared in the media.
Now, Apple has suffered again by some serious misinformation. This time the erroneous report comes from a citizen journalist, who posted the report in CNN's iReport -- a citizen journalism site. The report which said CEO Steve Jobs had a heart attack, pulled down the Apple shares form $105.27 to $95.41. Only after the company denied the report the stock recovered.
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