Blog cost Apple $4B, for a little while
May 16, 2007 11:35 PM Subscribe
Engadget briefly cost Apple $4 billion today when they posted a fake email about the iPhone being delayed, causing Apple's stock to plunge. While competing gadget blog Gizmodo avoids gloating, there is evidence that some investors made a lot of money from the mistake. Are we seeing the early days of sophisticated stock hacking on the web, as has (incorrectly) been alleged before? Certainly the old pump-and-dump methods are no longer working like they did.
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