Anyone who follows the tech world, or even just Apple, has surely heard of the commotion caused when Engadget posted on 5/16 that they had it “on authority” that both Apple’s iPhone and Leopard were going to be delayed. According to TechCrunch, the resulting stock hit over the next 23 minutes (until Engadget corrected their mistake) took $4B off Apple’s market capitalization.
What’s done is done, but what bothers me is that there are plenty of people willing to let Engadget off the hook for posting — without sufficient verification — the inflammatory information to begin with. We now know their information was not “on authority”, and in fact was an apparent internal email referencing a press release that didn’t even exist!
The good news in all this is that John Gruber of Daring Fireball is not letting Engadget off the hook. After saying so, and getting some negative feedback about it, he posted his further views on the issue. Right you are, John.