Did someone play engadget to manipulate the market?

A post now labeled “False alarm: iPhone delayed until October, Leopard delayed again until January” appeared on engadget earlier this morning. The intra-day chart on the left displays what happened to the stock of Apple during the period between the rumor post and correction. I take it all back. Daniel Lyons was right. Engadget says its report was based on a fake internal email sent to all Apple employees. I assume there will be some SEC follow-up. Or, at least, some insight from Fake Steve Jobs.

Bonus link: Barrons.com: “How to scare the crap out of Apple shareholders”

  • It certainly set me on the edge of my seat. I don’t think I got any work done the entire day!

  • Rex

    Oh, was that the reason?