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Apple stock falls 10% on bogus report of Steve Jobs heart attack

Someone on CNN’s iReport.com, a site where users post unfiltered news as “citizen journalists”, posted a story that Apple chief Steve Jobs had suffered a massive heart attack and had been hospitalized.

Right after the post hit Apple’s stock price fell nearly 10%, forcing Apple to respond saying that it was not true and Jobs has not been hospitalized.

The story has since been pulled from iReport and Apple shares are back to almost the same level as before the “news” hit.

[Via Computerworld]