There is no doubt today that blogs are taking major place in the IT industry whatever as official or unofficial source of information. Many blogs have gained a great notoriety to make them source of news for stock quotes market and that’s great, but here are the dangers.
Yesterday Engaget announced that iPhone will be delayed until October based on an Apple internal email, this caused a massive selling and stocks falls from $108 to $103 in just six minutes. Total loss average $4 billion !!
Apple quickly correct the news saying that the email posted wasn’t official, and iPhone not delayed. But the worst already did happen. Probably Apple stock holders won’t be stressed to sell if there wasn’t that much rumors around iPhone and at the first alert, even wrong, decision is taken.
Who will you blame ? Engaget, Apple, or investors ? After all last week a fake New York Post news on Microsoft-Yahoo merger drove Yahoo’s stock up 19%.
