It was only mere hours before the stories about Steve Jobs stepping down as Apple’s CEO went from pleasant farewells to fear-mongering clickbait. Congratulations to Gizmodo on reverting back to classic Gawker form in record time. Our link-licious headline? “Apple without Steve Jobs Scares the Shit out of Wall Street”. The evidence? A 5% drop in Apple’s stock price in after-hours trading. Let me try to put that in perspective for you:
Even if we assume a 5% discount on today’s closing, the company that made an absurd $12.5 billion acquisition with no discernible upside “scares the shit out of Wall Street” a little more than a company losing a CEO who is the most respected and intimately-involved of any in business. If anything, a 5% after-hours dip is an extraordinary testament to the faith investors have in Apple as a company.
So do us all a favor, Giz: wait until the market opens tomorrow before you start slinging your shit. Maybe throw up a few more of those Lego posts that so appeal to your 13 year-old reader base.