Wednesday, May 16, 2007

Gullible blog wipes $4bn off Apple


Chalk this one up as 'My bad'.

Investors reading the blog 'Engadget' sold Apple shares at $103.42 per share, today, after reading a blog report on delays to the iPhone. The rumor, posted to AOL's Engadget gadget site early this morning, briefly knocked $4 billion off Apple's market value.

That's right people, $4 billion!!!!

Shows you the power of a blog.

Read the rest after the jump.

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