When you lose your job and have to start all over again
Bloomberg -1.6% and a $13.9 billion impairment charge for its stock.
On Wednesday, U.S. Securities and Exchange Commission Chair Mary Jo White announced the agency would review all of Apple’s stock offerings to determine whether any of them were illegal.
The decision will determine whether the company can sell off its stock and, if so, at what price.
The probe will be completed within two years, but will take several months to complete, White said at a press conference on Thursday.
The regulator’s review of the Apple stock offerings could come as soon as next week, White added.
Apple shares closed down 3.4% at $7.30 on Thursday, the lowest level since January.
The company said it had about $10 billion in cash on hand.