The recent fiasco involving Engadget and Apple has caused more than a few people to get more than a little curious. At first, I thought, “Wow, Apple is going to be pissed! Engadget’s post cost them 4 billion!”. Although I’m sure Apple isn’t exactly ecstatic about the whole situation, a post from htmk.com raised an interesting question that hadn’t occurred to me. Did someone at Apple who knew about the FCC approval of the iPhone intentionally leak the email so they could buy low and then profit when the stock went back up?
Seems to me that the SEC needs to look into this if they haven’t already begun to. Even if this isn’t the case, it’s a very interesting and all too coincidental series of events. Hopefully Steve-o isn’t behind yet another stock scandal.
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