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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

May 16, 2007 at 5:03 PM

First YHOO gets gamed, now AAPL

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.”

Comments | More in | Topics: Apple

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