When recently reading the Forbes list of the top 25 Web Celebrities posted in December 2007, it was interesting to see a Hollywood gossip columnist being number one. Perez Hilton, real name, Mario Lavandeira, has an amazing statistic that 91% of his traffic is returning visitors…
But to me the most interesting story is not of number one but of number twenty…
Ryan Block, the editor of the AOL-owned consumer tech blog Engadget managed to knock a whopping $4 Billion off of Apple’s market capitalization with just one post!
As the story goes, Engadget published info received from an Apple employee saying the soon to be released Iphone and the new Leopard operating system would be delayed. Between the time that it was posted and the time it was proved to be a hoax Apple’s stock plummeted!
As the story goes, Engadget published an internal Apple email from a trusted source that said that the Apple Iphone and the Leopard Operating System was to be delayed… Between the time it was posted and the time it was proved to be a hoax Apple stock plummeted. The stock did recover but still left Apple down $1.25 billion in capitalisation.
So, whats the moral of the story? Verify your sources before you post… It just might cost someone their job.
That’s actually not how the story goes at all. Speaking of verifying, maybe you should verify your editorial before you post.
http://www.engadget.com/2007/05/17/regarding-yesterdays-apple-news/
Thanks for the comment Ryan, I did research on Forbes and on Tech Crunch but I might have needed to clarify. I have done an edit so I hope it is correct. If you have any other facts I have left out my readers would love to hear. Kind of Ironic that my facts were not totally spot on… Thanks again for correcting me and for reading.