Apple Denies Steve Jobs Heart Attack Report: "It Is Not True"

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stevejobs.jpg"Citizen journalism" apparently just failed its first significant test.  A CNN iReport poster reported this morning that Steve Jobs had been rushed to the ER after a severe heart attack (story and screenshot below).  Fortunately, it appears the story was false. We contacted an Apple spokeswoman, who categorically denied it. 

CNN's iReport kept the report up until at least 10:15 AM, about 20 minutes after we published Apple's denial. The story has since been removed.

UPDATE: Here's CNN's official statement.  CNN says it removed the story because the community brought the story to its attention. Importantly, CNN also refers to the content as "fraudulent," which is much stronger than "inaccurate." The SEC has already launched an investigation.

UPDATE 2: Post hate mail about our decision to link to the iReport here.

CNN's iReport, Original Story

Steve Jobs was rushed to the ER just a few hours ago after suffering a major heart attack. I have an insider who tells me that paramedics were called after Steve claimed to be suffering from severe chest pains and shortness of breath. My source has opted to remain anonymous, but he is quite reliable. I haven't seen anything about this anywhere else yet, and as of right now, I have no further information, so I thought this would be a good place to start. If anyone else has more information, please share it.

Immediately after reading the iReport story, we contacted Apple.  Katie Cotton, Vice President of Worldwide Communications, replied quickly, saying "It is not true." 

Twitter is abuzz. (See the live Twitter feed, which we've embedded below).  Apple's stock also took a major hit before bouncing back:

Applechart.png

We expect this will lead to an SEC investigation. The IP address of the iReport poster will be easily traceable, and we expect the SEC will want to interview him or her to see if the story was "placed."  (You don't have to be George Soros to figure out how the stock would react to a story like this.)

It is significant that this report appeared on a site owned by CNN.  CNN does not profess to be directly responsible for iReport, but its name is at the top of the site. It's possible that reports like this will significantly damage CNN's credibility, and we wouldn't be surprised if this caused them to pull back from association with "citizen journalism." As of 10:07 AM ET, ten minutes after we published Apple's denial, iReport was still "reporting" the story.  By 10:20, the story had been removed and replaced with this:

iReportstory.png

The iReport story was posted by "johntw".  It appears that this may have been his/her first post. Now that the story has been removed, his/her profile looks like this:

johntw.png

Here's CNN's vision for iReport:

With this site, we want to share our passion about the news in a way that invites you -- and everyone else -- to share your passion about the news. At CNN we live for news. We love talking about it. And we know that there's a whole lot more to it than what you see on TV or read on your favorite Web site. So we've launched an independent world where you, the iReport.com community, tell the stories we're not used to seeing. And the most compelling, important, and urgent ones may get seen on CNN.

So head on over the homepage and jump in. Tell your story and see how it connects to someone on the other side of the world -- and build a new kind of news site, one made from communities of shared interests, impassioned discussions and great storytelling.

And here is iReport's original Jobs story, at the top of the front page:

jobsstorry.png



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87 Comments

David said:
Probably a hedge fund or something. These kind of rumors have been flying around for about a year now and there is a quick down move in the stock and then it rallies right back up.

If so, they'll get busted. Easy to track IP of the poster and then interview him/her.

Stu said:
I really hope the SEC come down on you like a ton of bricks for publishing this unsubstantiated rumor. It was blatantly fed to you to dump the stock. When will you idiots ever learn?

SIGEPJEDI (URL) said:
Come on Tweeple!! "Citizen journalism" FTW!

Comes down on US? How about CNN? We story that WE broke was that it wasn't true.

that is the most bs irresponsible reporting I have seen since the .com analyst hype bs.

someone should be prosecuted... that bs cost me $5000 Mr Blodgett. Next time please check the story out and confirm with a second reliable source...that is called responsible journalism

what happened to your initial story? the one that was posted before you "broke the story that the rumor wasn't true"?

That is a great way to get a lot of breaking news on your site first.... publish false bs and then turn around and say "its not true"

mpk... given the significance of the story, we would have considered it irresponsible NOT to report that someone had reported it. Our post was crystal clear that we had NO IDEA whether it was true and that we were immediately checking it out. Ten minutes later we got the answer, and we broke it instantly.

CNN's iReport, meanwhile, is still reporting the original heart attack story.

Rawky said:
FBI and SEC investigation PLEASE

Agreed... Certainly makes sense.

We found a floor on AAPL (98) buy buy buy

Paulo Felippe - Brazil (URL) said:
See now on iReport:
http://www.ireport.com/docs/DOC-102841

look, I am the first to stand up for freedom of the press and the importance of reporting a story like this IF IT WERE TRUE.

But it wasn't a story to report, it was a rumor at best, a criminal act of stock manipuation at worst, and it was on an unedited blog. Calling the site CNN iReport lends some credibility that is completely misplaced.

Where do you draw the line

Fabio said:
The post was deleted by CNN

Robert Crisler said:
MPK had a great comment at 10:28. I encourage everyone to read that and think about it. What is CNN's responsibility here. They're in uncharted waters, lending their credibility in such a naive way.

Pat said:
Not as bad as Sen. Harry Reid causing the entire insurance industry to collapse by saying that he has knowledge of an insurance giant going bankrupt, thus causing ALL the prices of the insurance companies to plummet. That is illegal and he should be charged with a felony.

Tom said:
This is one of the reasons that the whole iReport thing makes no sense for a mainstream news site. Leave the amateurs and hoaxers to the blogosphere where they thrive. It's just a way for CNN to be lazy by having the unwashed masses do more and more of their 'reporting'.

James said:
Well...this story cost me money in investments..and costs Apple money. Its time to prosecute both criminally, if intent is established, and civilly! This crossed state boarders, so Federal prosecution is in order.

Brewer said:
While the SEC is investigating this, can they also look into the Bloomberg scare tactics where they released SJ's obituary????



Did Bloomberg do that today?

MrCleaveland said:
Citizen journalism. Yeah, that's a great idea.

Stu said:
Mr Blodget, it was your website that was linked in my trading newsfeed, not CNN's iReport. You should know that even putting "unconfirmed" in the title does not stop people from hitting the sell button. When it is something as serious as this, people don't hang around to ask whether it's true when the stock is starting to tank.

You have a responsibility to confirm the truth, whether you like it or not, and claiming that you are reporting what someone else is reporting is no defence.

locke said:
hope the fbi talks with this liar...

Little Guy said:
All the kids in the sand box that couldn't beat up on the financials moved over to Apple and punched it down. The SEC has to come in and put a ban on these shorts. This is criminal and I hope the SEC and FBI go after the scum who wrote it! Someone also needs to do something about CNN iReport who allowed this kind of inflammatory information to go out without fact checking first! If you're as mad as I am, file a complaint at http://www.ic3.gov/default.aspx

Curt said:
I guess CNN just joins the ranks (along with the NY Times) as being IRRESPONSIBLE MEDIA OUTLETS. Shame on CNN for allowing this type of crap to be published on their web site and not checking it out.

lou said:
the FBI will be very interested in Howard Lindzon's role in all of this ..
I suspect it's just howard's idea of promoting Twitter and stocktwits rather than to profit from short sales but either way, you and he should get ready for the formal FBI investigation. They were very receptive to seeing a small time punk yet self proclaimed money manager, go down for spreading false rumors It makes them look like they are doing something to catch the bad guys.It plays well with the public and really Henry you are already in their sights..I been collecting info since the beginning of the steve is skinny trade but didn't have the original screen shots ..now I do. thanks for making this one public.

Stu, thanks. I really think in this case that there is value in acknowledging the report (which certainly could have been credible--it's not like Apple would rush to announce this at 4AM CA time), while at the same time saying we had no idea whether it was true.

We were extremely careful to say,"This is the first real test of Citizen journalism. We have no idea whether it is true. We are making phone calls and will confirm/deny as soon as we get it.") And then, ten minutes later, we broke the story of the denial. (CNN's iReport, meanwhile, kept reporting the story for at least another 10 minutes).

Apple's stock would have tanked regardless on the iReport report, and every plugged-in trader in the world would have been discussing on IM and chatting on phones. I think people appreciate knowing what we know as soon as we know it, which is why we published it. And we were glad we could help debunk the story before it got too out of hand.

John C. Smith said:
This is pretty appalling -- and I don't mean SAI picking up the story -- and then debunking it.

CNN def needs to take its brand off this garbage.

And nutball commenters should -- pls! -- go back to pumping + dumping on Yahoo finance.

Isy said:
CNN....if it's not a "citizen journalist" spreading lies, it's CNN's "professional" journalists doing the same. It's become expected from a BS news outlet like CNN.

Little Guy said:
Henry you are wrong that the stock would have tanked -- it was way up until the report hit cyber space. Regardless of where it hit or where it was reported the person who was initially responsible should be prosecuted. Further, the outlets who continue to spread it should also be held responsible. If they're not regulated then they should self-regulate. This is not a game. Peoples 401k's and investment portfolios are at stake. Steve Jobs and the whole community of investors should file a suit against the perpetrator. And as I said, the FBI and SEC should go after them to teach scum like this a lesson so this is prevented in the future. Market manipulation like this for a bogus reason is criminal and has to be stopped on all levels.

Wally Kalbacken said:
Doh!

Brandon said:
I saw some of APPLES competition when it comes to phones this week here at http://www.gotoguy.com/?p=301. They look very impressive and I think the days of apple being on top may be coming to an end.

Marcus said:
As I look at the trading platform, about 3,000,000 shares were traded at $97; which means a bounce of $7 per share gave some investors a $21,000,000 gain and others a loss.

Way to go CNN.

ricardo maxwell said:
The day has come, sad to say, that Americans can no longer believe the "main stream" aka drive by media.
They have been heading in that direction for a long, long time. Watching network news has become the equivalent of reading the Daily Kos or moveon.org websites. Wait until Obama and more Dems are elected. They will silence talk radio and then all that is left will be officially approved govt news!
Obama and his storm troopers have already made several attempts at silencing their critics with strongarm lawyers.

vino said:
You, Silicon Alley, Paul Thurrott, Nocera, and all the other leeches started this game with Job's health and it was only inevitable that someone would take advantage of it. If so-called Journalists can make money (yes, you are by getting attention, clicks and thereby fatter salaries) then why cant a common person make some money by claiming SJ is dead or hurt or whatever.
Gutter-Journalism at its best and American Journalism at its worst. Now you guys are trying to act holier-than-thou!
The hypocrisy is incredible!
Good Luck SAI Journalists - you'll need it hell or some other equivalent place!
VN

scott said:
Persecution of innocents and morons will ensue. The only way they'll connect this to a human is if they were ignorant of web technologies or merely mistaken about the identity of the elderly man they saw rushed in with chest pains.

If this was a true insider manipulating the market, they will have routed through several international anonymizers, and probably started from an open wifi connection. Thus ensuring the Feds will track and capture the wrong person.

Some people just startle too easily. What's the harm in making money off that?

Clint Ecker (URL) said:
1 minute of journalistic investigation would've revealed that this is a prank by 4Chan (Anonymous). Way to go.

Little Guy said:
Hmmm...Marcus you don't really get it do you? Yeah there were some losers but it wasn't fair play. When the game is on a level playing field it's one thing but when it's manipulated by a false rumor then no it shouldn't be "go CNN" - it should be "go to jail CNN"

weird harold (URL) said:
This is the sad effect of allowing amateurs to write the news for you. In the past, a report like this from a citizen would have hit a news desk, someone would have made 1 or 2 phone calls, and things would have been confirmed or heavily denied.

CNN's Ireport system quite simply is a infomation hack waiting to be used by anyone to spew garbage.

LOSE IT CNN! IREPORT is really BSREPORT.

RUFUS said:
FEAR AND PANIC
THE COLLAPSE WAS FROM HEDGE FUNDS HOLLERING "FIRE" IN THE CREDIT MARKET...

THE CONGRESS IS DUPED....BUT THEY THINK THEY ARE SUPERMAN THE HERO SAVIOR.

AND HARRY REID DESTROYES INSURANCE STOCKS WITH A STUPID IRRESPONSIBLE LIE THAT "SOME INS COMPANY IS GOING UNDER"

IMPEACH ANYONE THAT VOTES FOR THE BAILOUT.

IT IS A FRAUD

Tito Costa said:
You know they are chasing after this guy for posting a rumor that Jobs had a heart attack, however nothing was said about Harry Redi saying that a major Ins. company was posied to go under and stocks in all Ins. Companies took a major hit this week. Gimme a break- he should be prosecuted too. Crooks

Dernon Ruton said:
Humankind uses all its inventions both for good and for ill. And it doesn't take long. "Citizen journalism" is just among the latest in a perpetual parade of such perversions. Think of it: the airplane, the atom, the knife, the entendre. All constructs with the potential for enormous good and enormous destructiveness. That's humanity; that's life.

Dernon Ruton

George Kadlec said:
I have about as much regard for what the media post as what I flush down the toilet in the morning. The only place to get at the truth is on the internet. I dread the day when the gestapo seeks to control it.

Dee said:
If Soros was rushed to the hospital, would stocks go up?

Richard Tuck said:
Expect anything else from the Commie News Network. Attempting to spread MORE bad news to assist in the Wall Street bail out.

@Clint Ecker: Clint, I know who you are, and I know you're a smart guy, so I respect your opinion. But really? Are you serious? Is that anyone's first "one minute" reaction? Before calling Apple? Before checking for other reports? Nice hindsight you have and all, but kind of a disappointing comment from you.

Scott said:
did Steve Jobs have a heart attack his morning and did he die? I just bought an iPhone yesterday, will it still work if Steve Jobs dies?

Richard Tuck said:
The smarmey "I've got a secret" game Dirty Harry Reid played with so called insurance company
bad news reminds me of Tailgunner Joe McCarthy.
He's even dumber and MORE irresponsible that Bella Pelosi and her "Now that I am through calling you names you better vote for this" brand of leadership. Tip O'Neil is rolling in his grave.
THESE are your dummycrat "leaders".

Richard Tuck said:
Soros would have to have a transplant before he has a heart attack, and if he did I would have a BIG party.

KraziJoe (URL) said:
Looking at the "article" He never mentioned Apple and there may well be a Steve Jobs that was rushed to the ER, just not the Apple Chair, Steve Jobs.
I see the Pic, but did he place that pic or was it by someone else?
But anyway you slice it, someone wanted to affect Apple's stock and/or make a name for themselves and it seems to have worked.

MacDuff said:
"iReporter", eh? That kooky Steve Ballmer!

MDWhite said:
Is this what journalism has come to ? "Citizen" journalists with no accountability and no responsibility? This disturbing trend is fueled by an adolescent obsession with new technology energized by a dumbed-down public wanting "it" - whatever "it" is - in microseconds; a public that swallows information, whatever the source, whole with no critical thought involved or any time spend to determine credibility, reliability or genuine value. CNN has fallen into the great, yawning techno-trap and has morphed into Wikipedia. They've forgotten that, quite simply, if everybody's a journalist, than nobody's a journalist.


rovingreporter said:
What is the difference between a citizen journalist and the rest of CNN reporters.

The cj isnt paid.

diane said:
Now if only there were a SEC investigation into gasbag Harry Reid's remark about a "major insurance company being on the edge of collapse" causing insurance company stocks to tank. Later in the day he said he "regretted the confusion". Of course main stream media played that one down.

DEA said:
Isn't the big picture here really more about how the market is just one big game to be hacked? When you base the lifeforce of the economy on a combination of software and superstition, you reap what you sow.

Yes, the person who posted the rumour is a scheming ass, who is probably nowhere near the location the IP trace will show (more likely sitting on a beach in the Caymans laughing over an umbrella drink); however, it's the system that's busted.

Human greed and skullduggery are constants. Change the game to match.

Bam said:
Does this "citizen journalist's" standards really differ significantly from CNN's professional journalists' standards?

No.

WATCH US EXPLODE (URL) said:
Wow. Something's definitely up here. An SEC investigation is certainly necessary. Probably someone or some people shorting Apple stock. I own shares in Apple, and I bought when it was higher than current prices, so to see it continue to drop stinks. But I'm hoping the trend reverses sooner than later, maybe after the holiday season.

L Beaver said:
So it wasn't Steve Jobs, then maybe it was Bill Gates and MS tweaked and spun the story.
Did Bill Gates have a heart attack?

Bill McGonigle (URL) said:
Maybe if your system can be so easily gamed by such tactics, the problem is the system is insufficiently robust. Just a thought.

John said:
iReporters? Nothing more than blogs with no accountability whatsoever.

Harry Handsome said:
What do you mean John Denver is dead? Oh my God.

MJ Web said:
CNN stands for "Cable News Nitwits"! Citizen journalism? iReports?
perception meters?

There are very few real journalists left at CNN. Steve J didn't have a heart attack but Wolf Blitzer is the most boring person on television. I thinks he's been dead for the last decade!

Gail said:
Brilliant! Linked story on right: "Jon Stewart Fixes The Economy In 2.5 Minutes".

God Help America!

Weezil said:
What do you mean "just failed it's first significant test??!!"

This report is EVERY BIT as accurate as the partisan, biased, inaccurate bilge we get from the "media". And I mean both the left AND right.

True journalism seems to have died right after Katrina. This guy should be the next anchor on CNN.

Snert Lee said:
"Citizen journalist" is certainly an odd title for what most knowledgeable folks would call "anonymous poster".


Lacy Kemp (URL) said:
Regardless of what Alley posted and when they posted it, it's ridiculous that CNN lets this kind of thing happen. I'm all for citizen journalism, but there should be some kind of filter and fact checking. Otherwise, I'll just keep watching Twitter for breaking news. I'd rather listen to thousands of people talking factually as opposed to one person lying about something.

Bert Chadick (URL) said:
Jobs' health will be a millstone around the neck of Apple until he retires or actually gets sick.

bendo said:
I hope you Hank, Lindzon and Aarron Task do some serious jail time over this, you avoided it when you were doing the same sort of crap at Merril.

I hope they nail your sorry ass to the wall this time. If I were you I'd start preparing a legal defense

KevinO said:
Quality and editorial review like this is why I quit watching CNN over a decade ago! Just check in every once in awhile to see if it has gotten any better....... still waiting.



tweetip (URL) said:
1st Tweets ~ Steve Jobs Heart Attack ~ Timeline/Chart... http://tweetip.us/lkq3e

Lacy, that doesn't make any sense. Why would anyone's Twitter be more or less accurate than any other news source? Like, for instance, in the case of this story, where it was making the rounds on Twitter before it made it to our site and others.

Here is to an investigation and subsequent hanging of the bastards involved.

Is it possible to form a lawsuit against CNN and all other news outlets that let this happen?

At the very least, the SEC need to crawl up CNN and the "citizen" journalist's rear and find out how connected they are to the shorts who covered and the buyer's who profited.

I foresee a lot of jail time for someone.

Maryk said:
I think SIA was wrong to report the original rumor and lend it any credibility - even with all the caveats attached. CNN's iReport is no more credible than a random posting on Craigslist. Every day on CL people post fake rumors of some celebrity's death in order to try to raise a ruckus. This was clearly the same kind of prank.

Given that an iReporter's identity is not confirmed in any way (IE by credit card verification) and they can be anyone, breaking-news outlets (whether bloggers or MSM) have a responsibility to confirm BEFORE spreading rumors. If it only took you ten minutes to get the denial from Apple, why not hold the post until you could contact them? Your purpose is much better suited being a debunker of lies rather than a purveyor of garbage.

Clearly, you know how to get on the horn and call Apple PR. It's not like you're some backseat blogger adding your personal opinions to the news of the day. You want to be center stage purporting to break legit news, and as a result have a much higher level of responsibility.

Dorian Benkoil (URL) said:
A fascinating lesson in journalism, and for those of us in the journalistic community. Remembering that what is crystal clear to us is not to many of our readers/watchers/users. True, we can't be responsible for those who can't be bothered to read past a headline.

But we also can't ignore that (witness United Airlines' recent "bankruptcy" - NOTE TO THOSE SKIMMING: THAT WAS A STORY FROM YEARS GO) many, in this RSS/Twitter/Newsfeed/Ticker world will take action based on the first shred of information. And a headline that says "Apple Denies Steve Jobs Heart Attack Report" is not as clear as one that would specify the report was fraudulent, or that CNN pulls it, etc ...

Tough call all around. I sympathize and may have made the same call, as editor. But I understand in 20-20 hindsight how some (albeit twitchy and under-informed) people might lash out.

Stu said:
Mark, that's pretty much my point. It does not take long to get on the phone to confirm whether a rumor is true. Better to be the first to cry BS, than to report it as unconfirmed and lend credibility to the source, then try and backtrack.

The SEC are now investigating this. I hope this is a lesson to those engaged in the sort of journalism where speed seems more important that truth.

And Henry, it doesn't matter what the body of an article says if the headline has the words "Steve Jobs" and "Heart Attack" in the title, you can be damn sure Apple stock will take a dump.

Just sayin' (URL) said:
@Scott: so you think this is funny? How "stupid" people are? How easily led? How much did you make shorting the stock today after this so-easy-to-pull-off prank? People like you and the guy who posted the false story (probably one and the same person) ought to be shot. I hope the money you made burns holes right through both your hands.

Partners in Grime (URL) said:
First and last post for johntw. :)

Real said:
Apple should sue CNN and CNN should shut down their ridiculuous iReports site. How absurd for a news organization to allow unknown amateurs to to post "news." For this site and others to have propagated the story without first substantiating it is irresponsible. What is unbelievable is that Amercians are too dim-witted to know real news from the options of bloggers and false news posted for political reasons.

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Apple Denies Steve Jobs Heart Attack Report: "It Is Not True"642-453As long as you like it. I couldn't wait any longer for you.

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HEART ATTACK (URL) said:
thanks

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640-802 Apple Denies Steve Jobs Heart Attack Report: "It Is Not True" You're asking for it. Asking for it. Thinks one way but acts another. She's so hypocritical. She thinks one way but acts another.

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