SEC Investigating Apple CEO Steve Jobs Heart Attack Story
October 6, 2008
Boston (dbTechno) - The U.S. Securities and Exchange Commission (SEC) has announced that they have launched an investigation into the Apple CEO Steve Jobs heart attack story.
Last week, the Apple stock took a huge dip when a story broke on CNN’s iReport web site last Friday morning.
The story stated that Apple CEO Steve Jobs had suffered a heart attack.
The SEC is now launching an investigation to see if this was an intentional act in order to drive down the stock price of Apple.
CNN has come out and stated that they are going to fully cooperate with the government investigation.
They also stated that they do not guarantee any of the content on their iReport site, which is a site featuring citizen journalism.
The report stated that Jobs was rushed to the hospital on the morning of October 3rd.
This caused the Apple stop to drop from $106.50 down to around $95.
Apple quickly came out and stated that the news was not true, whcih resulted in the stock going back up.
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