Some clever traders apparently used Engadget, instead of the New York Post, to jigger a stock — in this case Apple’s, whose market cap dropped as much as $4 billion at one point today.
The AOL-owned gadget blog/magazine reported a “leak” saying that the iPhone and Leopard were delayed, but that turned out to be a hoax. Michael Arrington noted that the fake news came on top of real news that Amazon.com’s going after iTunes’ download business.
It will take more than a bunch of strikeout marks and a blog update for Engadget to get past that boo-boo.
UPDATE: Engadget explained the backstory here and said it has learned “a very serious lesson.”