Shares of Apple fell by as much as 7 percent in after hours trading on Wednesday, following the news that Steve Jobs was resigning as CEO, effective immediately.
Trading in Apple had been halted prior to the news, which was revealed in a statement by Apple around 6:34 p.m. ET. As of 6:59 p.m. ET, with shares once again trading, Apple was down more than $20 per share at $356.
Since Jobs re-joined Apple as CEO in 1997, the company has seen its share price rise nearly one-hundred fold. Recently, Apple took the title of world’s most valuable company from Exxon Mobil, though the oil giant has since regained a small lead.
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Posted on Wed, 24 Aug 2011 23:20:06 +0000 at http://feeds.mashable.com/~r/Mashable/~3/cLareCJUtAk/
Comments: http://mashable.com/2011/08/24/steve-jobs-resignation/#comments
Trading in Apple had been halted prior to the news, which was revealed in a statement by Apple around 6:34 p.m. ET. As of 6:59 p.m. ET, with shares once again trading, Apple was down more than $20 per share at $356.
Since Jobs re-joined Apple as CEO in 1997, the company has seen its share price rise nearly one-hundred fold. Recently, Apple took the title of world’s most valuable company from Exxon Mobil, though the oil giant has since regained a small lead.
More About: apple, steve jobsFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Wed, 24 Aug 2011 23:20:06 +0000 at http://feeds.mashable.com/~r/Mashable/~3/cLareCJUtAk/
Comments: http://mashable.com/2011/08/24/steve-jobs-resignation/#comments
