Concern Over Jobs’ Health Jumps the Shark

Lonnie Lazar ()

Concern Over Jobs’ Health Jumps the Shark

Digg founder Kevin Rose announced his concern for Steve Jobs’ health Tuesday, but there’s always a subtext to such public displays of empathy. We’re not sure what it is in Rose’s case, but a few guesses are he:

a) puts way too much stock in what he reads on Gizmodo
b) is more worried about getting publicity for his own Internet venture
c) is a typically clueless amateur money manager
d) lives to see his name on the Internet
e) all of the above

On top of which, he’s either a very careless typist or an embarrassingly poor speller.

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Lonnie Lazar

Lonnie Lazar is a writer-musician-web designer-attorney. He writes about Apple for Cult of Mac and Mac|Life, and about VoIP and telecommunications for Voxilla. Follow Lonnie on Twitter @LonnieLazar, join the Cult of Mac on Facebook, and find Lonnie's photos on Flickr.

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Posted in Opinions, Steve Jobs |

  • http://smokingapples.com/ Goobi

    Kevin rose is a kid who got rich and famous by some kind of weird accident. His tweets are totally rubbish, yet he has 80k+ followers.

  • Joe

    He’s not a founder of twitter, check your facts.

  • http://www.prcvl.com Perceval

    Dude, Kevin Rose didn’t found Twitter. Look it up.

  • http://cultofmac.com Lonnie Lazar

    @Joe, @Perceval: thanks for the catch.
    I’m a careless typist myself sometimes.
    Rose is the founder of Digg, not Twitter.
    Post corrected. Sorry for any confusion.

  • Blaine Chaffin

    Kevin is a founder of Digg not Twitter and I remember reading that his sell off had more to do with concerns over the industries perception of Job’s health post Macworld. Sounds like he’s hedging against the markets reaction when Jobs doesn’t do the keynote.

  • Ska

    Well, Kevin Rose is a panicky a*#hole, who wants some attention, that’s for sure.
    Digg is on its way down and nobody, who is sane, is interested in buying the Co. So, it appears that he seems to be learning the ways of the Digg stockholders.

  • firesign

    kevin used to be pretty cool back in the day when he was with leo laporte on screen savers. now they are both irrelevant, along with their buddy john dvorak.

  • http://www.gearsandwidgets.com/ phoenix

    My money’s on a and c. Kevin isn’t a dumb person by any stretch, and he’s not some lucky kid, he had an idea and made some money with it. I wouldn’t even say he’s rich.

    That being said, he’s not the first Apple shareholder to put too much faith in what the read at Gizmodo, so I can’t fault him for that. It’s his money – let him do what he wants with it. One way or the other, the market’s spooked and will continue to be spooked – Steve’s health aside, his not doing the keynote isn’t going to do Apple’s stock price any favors, at least in the short term. And personally, I believe the focus is on the short term, and that brings me back to why I think c is the most important rationale here.

  • http://sahild.com Sahil

    Correction: It is not spelled ” Job’s ” Health, it is ” Jobs’ ” health. what a sad sad man kevin rose is. Why did he gain such a following again? dumbass.

  • PH

    I suggest he has only now realized what he should have realized years ago:

    The fact is, someday, a day CERTAIN to come, when Steve Jobs no longer heads AAPL, the stock will drop 20% or so in a flash.

    Thus any individual investor with out an EXTREMELY high risk tolerance should not own a single share of AAPL. This has been true even before any reports of illness were ever reported. It is perhaps the largest (by market value) key person dependency of any company in the world.

  • PH

    By the same token, I think only fools own BRKA and BRKB.

  • Jess

    I will never understand why people think they have any right in criticizing what others do with their money. I love Apple as much as the next person, but if I don’t feel like my money is safe with them, it is my own prerogative. The same goes for Kevin Rose. Instead of writing a judgmental story with no real information, how about writing something real about how Apple is doing in this economy, or something about the Apple community. Write like a real journalist, not a tabloid.

  • imajoebob

    I hope the SEC keeps a watch on Rose’s portfolio. If he actually did dump his Apple stock, then buys it back in a short time he could be in serious legal trouble. His position in the technology world could make a strong case of insider trading.

    Consider if he took a big hit on Apple when the market tanked: by selling his stake, deflating the price with this post, and then repurchasing the stock after it tumbles he could possibly recoup some or all of his earlier loss. Almost selling short to himself.

    I’m not a financial expert, but I play one on the Internet.

  • Ed

    LOL. Looks like Kevin Rose was psychic.

  • http://cultofmac.com Lonnie Lazar

    Well, here we are just one week after Kevin Rose was looking “psychic” and now it’s looking more like he panicked. Wonder if he bought all his AAPL back at $80.