Read the nitty gritty at Christopher Penn’s Awaken Your Superhero. The risks of “citizen journalism” + financial “news.” Relevant questions:

Apple shareholders: if you lost money on Apple due to the rumor, is CNN responsible? Is CNN liable? Are they a media outlet or a content distributor. If they fall under common carrier, then who is liable besides the original rumor spreader – and are the shorts, if there were any, profiting with no liability?