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I don't know that they're "liable" in the sense that people could win a shareholder suit- the bar for those is set pretty high and I doubt Twitter would qualify

I don't know that they're "liable" in the sense that people could win a shareholder suit- the bar for those is set pretty high and I doubt Twitter would qualify. My comment was more in response to the accusations that the market is somehow being "unfair" for "punishing" Twitter's lack of continued growth. They're only punishing Twitter for failing to meet the expectations Twitter itself set.

harryh 10y ago
Even the word punishing is really too strong. The stock market isn't making a moral judgement. It's merely an estimate of the value of the company. As twitter's growth prospects decrease the value of the company goes down.
- tossaway1 10y ago
  That's what "punishing" means when people use it in the context of stock prices.
  - harryh 10y ago
    Ya I know. I just don't like it because of the moral context that normally comes with that word. I hear you though.