Remember those Steve Jobs heart attack rumors? Turns out they were started by some 18 year old kid, in hopes to drive down Apple stock, and make him some coin in the process. David Scheer reported on the news for Bloomberg: “An 18-year-old posted the fake Internet report that Apple Inc. Chief Executive Officer Steve […]
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Steve Jobs' Heart Attack Rumors Started by 18-Year Old

As you can see, Steve's heart is just fine.

As you can see, Steve's heart is just fine.

Remember those Steve Jobs heart attack rumors? Turns out they were started by some 18 year old kid, in hopes to drive down Apple stock, and make him some coin in the process.

David Scheer reported on the news for Bloomberg:

“An 18-year-old posted the fake Internet report that Apple Inc. Chief Executive Officer Steve Jobs had suffered a heart attack, and investigators haven’t found evidence the teenager tried to profit from driving down the stock, two people with knowledge of the matter said…

The U.S. Securities and Exchange Commission is examining the teen’s motives after the article on CNN’s iReport.com sent Apple shares down as much as 5.4 percent on Oct. 3, according to the people, who declined to be identified because the probe isn’t public. While the investigation is continuing, the agency hasn’t unearthed any trading records that show he benefited from the drop, one of them said.”

SEC Spokesman John Heine and Apple spokesman Steve Dowling have declined to comment on the matter. CNN spokeswoman Jennifer Martin said yesterday that CNN wasn’t aware of the age or identity of the person behind the iReport post. In addition CNN has no plans to review procedures for placing content on iReport.

The fake heart-attack rumor cut Apple’s market value by $4.8 billion of the first hour of Nasdaq Stock market trading before a spokesman for Apple finally stepped-up to say the reports weren’t true. Gosh, could you imagine if it was true?

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