In the early morning hours of October 3, a fake story claiming Steve Jobs had suffered a heart attack was posted on iReport, a citizen-journalist website hosted by CNN. An investigation by the U.S. Securities and Exchange Commission has revealed that the person responsible for posting the bogus news was a teenager who's motives are still unclear according to the full report on Bloomberg.com.
Share's of Apple's stock dropped down as much as 5.4 percent on Oct. 3 when news of the story gained steam in the media. The stock later recoverd slightly when the iReport was deemed to be a hoax, but still closed down 3 percent. The original iReport headline, was posted by an 18-year-old under the name "Johntw,'' claiming; "Steve Jobs rushed to ER following severe heart attack." We were able to gain a screen shot of the bogus iReport before CNN eventually pulled it down [here].
[Read entire Bloomberg report] [via Roughly Drafted]