Investigators: No evidence that poster of Jobs heart attack rumor profited
According to the San Jose Mercury News, no evidence has been found to support the claim that a teenager who posted a rumor online saying Steve Jobs has suffered a heart attack tried to profit from the lower stock price.
One person involved in the investigation (who declined to be identified because it's still ongoing) said the agency hasn't unearthed any trading records that show the teen benefited from the drop.
The SEC and Apple officially declined to comment. An SEC manipulation case would depend on the teenager's intentions, according to the Merc.
The initial report, posted to CNN's iReport website on October 3, was publicized Silicon Alley Insider, prompting nervous investors to sell their AAPL shares. That day, the stock fell by 5.4 percent, but recovered to close down by three percent.
Update: My apologies: I misread the lead. Entirely my fault.
Subscribe to Newsletter
Software Updatesmore updates
- Automatic targets teen drivers with License+ service
- Dropbox adds support for TouchID
- YouTube for iOS gets updated with full support for iPhone 6 and 6 Plus
- iOS 8.0.1 update now available (Updated -- Don't update!)
- NFL Mobile updated for 2014 Season with new Fantasy Football features, NFL Now integration
- Yahoo Mail improves email inbox searching with new filtering options