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Icahn Bets Big on Apple

Billionaire investor Carl Icahn sent Apple’s stock price soaring after tweeting to his 59,000 followers on 13 August 2013 that he has purchased a “large” stake in the company. (Imagine what Warren Buffet could do, given that he has 570,000 followers, despite having tweeted only three times!) Since the announcement, the stock has risen over 12 percent. Over the past year, Apple’s stock price had dropped by nearly half. While Apple investors are relishing the surge, it remains to be seen what effect the outspoken Icahn will have on the company.

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