iReport

A teenager may be behind a bogus story posted on CNN's public-journalism Web site earlier this month that said Apple CEO Steve Jobs had suffered a heart attack and was being rushed to the hospital.

The U.S. Securities and Exchange Commission immediately launched an investigation into the false story posted by "Johntw" on CNN's iReport.com after the news caused Apple's stock to plunge nearly six percent that day, from $106.50 to $94.65.

On Friday a report that Apple CEO Steve Jobs had suffered a heart attack and was rushed to the hospital spawned a frenzy in Apple's stock. Now the Securities and Exchange Commission has launched an investigation into whether the false report was an effort to hurt the company's stock, according to CNN spokesperson Jennifer Martin.

Apple's shares plunged Friday from $106.50 to $94.65 after a "citizen's journal" report was posted on CNN's iReport Web site.