Wednesday, May 16, 2007

Short Sellers will do Anything for a Buck: Fake Memo Causes Apple to Tank

A fake internal memo that appeared to come from Apple Inc. (AAPL) saying that iPhone would be delayed until October caused the stock to drop about 2.2% in around five minutes. Apple immediately came out with a real memo saying it wasn't true. You can see what the fake memo said here.

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