» Not enough to kill their swagga: Apple shares are still up 66 percent over the last twelve months, and have a higher market capitalization than any other technology stock. So, even without Jobs, they’re still in a good financial position.
Stock markets don’t have hearts. They’re giant money machines that react to news in callous, cold ways that don’t appreciate the nuances of a person’s achievements. Which is why, when someone like Steve Jobs takes a medical leave of absence – which isn’t the big Apple announcement everyone had been expecting (wait a second, this isn’t shaped like an iPad 2!) – stocks go haywire. Fortunately, they timed the news on MLK day, so the New York stock market gets a bit of a breather. But other markets are still open today, and the futures market isn’t liking the news either. Some quick numbers for you kids:
(photo by loneplacebo)
» A good alternative: If you’re a fat person who can’t make sense of confusing traditional weight-loss programs, the FDA panel’s recommendation of looser standards for lap-band surgery could be a godsend for people would otherwise need to be chained to a wall to prevent them from eating in large quantities. Like us *chews laptop*.
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