I often praised Twitter for being first reporting breaking news – typical examples were several recent earthquakes in Japan, China, New Zealand…etc.

This morning’s news brought panic, as hundreds of Tweets reported:

Steve Jobs was rushed to ER after severe heart attack.

AAPL took a nosedive, then recovered.

Fortunately the news turned out to be bogus. Citizen journalism failed today.

Read the full chronology over @ CloudAve.

(Oh, and while at it, you may want to grab the CloudAve feed. Thank you.)