May 17, 2007

Engadget Knocks $4 billion off Apple Market Cap on Bogus iPhone email

"Apple’s stock promptly tanked on massive selling, going from $107.89 to $103.42 in six minutes (11:56 - 12:02). This wiped just over $4 billion off of Apple's market capitalization. A lot of people lost a lot of money very quickly."

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