From Yahoo! Tech:
Bloggers Taken for a Ride in a $4 Billion Hoax
May 16, 2007
- It sounded like a juicy scoop for a Wednesday morning. Engadget, arguably the world’s most widely-read technology blog, got wind of an internal memo sent to Apple employees: the iPhone would be delayed for four months, and the Leopard operating system pushed into 2008. In the breathless world of Mac fanboydom, that’s news to send readers into a full-tilt tizzy.
The only problem: It wasn’t true. The email was a hoax, spoofed to look like it came from Apple’s servers (whether or not it did is still under investigation).
Tech Crunch notes that the subsequent panic, which was over inside half an hour, knocked $4 billion off of Apple’s market cap, however briefly. At its nadir, the stock was down over $4, about 3 percent. People who sold on the way down lost money… and those who bought made a pretty penny. Continue reading “Engadget takes a bite out of Apple”


