Google
 

5.17.2007

Blogger Power

Apple claimed that it was a bogus email that was quoted in a popular blog. However, within minutes, the article sparked a massive decline in the company's shares and the company lost US$4 Billion.

If the story is indeed untrue and/or if the value of the decline in prices will prove to be below the level of the stocks value, a recovery should be on its way. However, there are a lot of people who lost money within 24 hours and some who are bound to make a killing by buying when the stock prices are at its lowest levels.

The pen is indeed mightier than the sword and those of us who wield it should do so responsibly.

Sources: Johnchow.com, techcrunch.com, digg.com

No comments: