Fake Email Slashes Apple Stock by $4 Billion

If you read any of my stories, sorry for not being so active on that front, you might remember A Stock Bubble of His Own which I wrote last year.

You want a real world example? Head over to TechCrunch and read about a fake email to Engadget which made Apple’s stock drop. Engadget quickly posted an update saying it was a false alarm.

This might have been just a prank or someone going after some quick cash, I would guess that a lot of people lost money too. With systems selling stock automatically if it drops below a certain point this can get nasty.

Interesting reflection from TechCrunch; “I do not believe Engadget will have any liability here. Apple may, if the email did originate from its servers)”