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Did you guys talk to your legal department before going live with this? As Shopify is a public company, showing sales/revenue stats like this in real time might
by hendzen 10y ago
Did you guys talk to your legal department before going live with this? As Shopify is a public company, showing sales/revenue stats like this in real time might be in violation of SEC regulation FD if you did not alert all your investors.
EDIT: Actually, since they are a Canadian company they are exempt [0] from regulation FD. Interesting!
[0] - https://www.sec.gov/Archives/edgar/data/1594805/000119312515129273/d863202df1.htm https://www.sec.gov/Archives/edgar/data/1594805/000119312515...
- cpmsmith 10y agoLooks like it’s been up for at least a year[1], so I expect they’ve thought about that. [1] https://news.ycombinator.com/item?id=10637715 https://news.ycombinator.com/item?id=10637715
- moyta 10y agoYou'd think it'd perform better, on my i5 with 16GB of ram its laggy as can be. Edit: Keep the downvotes up, but having this site eat a full core is a bit ridiculous. Similar sites are much more performant.
- dwoot 10y agoWorks smoothly for me - i5 and 16 gigs of RAM.
- wut42 10y agoDoesn't for me. i5 and 24 gigs of RAM.
- SCdF 10y agoAny examples of similar sites? It smashes a core of my laptop (i7 / 16GB) as well, but every site I've been to that looks like this (3D realtime) does the same thing, so I'm used to it.
- milankragujevic 10y agoWorks smoothly enough on a MacBook Air 1.6GHz with 4GB RAM and Windows 10.
- hawkice 10y agoSo it turns out the SEC lets you use even things like Twitter to give out information, as long as it can go to every shareholder at the same time [I AM NOT YOUR LAWYER, IGNORE ME]. see: https://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171513574 https://www.sec.gov/News/PressRelease/Detail/PressRelease/13...
- hendzen 10y agoYou still have to formally tell your investors that you will be using Twitter (or some other internet platform) to disseminate said information. This Shopify data could definitely be used to gain an edge in trading their stock. You basically compute projected earnings based on the sales per-second rate reported on the site and compare against their earnings guidance from the previous quarter (or analyst predictions). If the projected earnings go below the projection, you sell, otherwise you buy.
- jedberg 10y agoThis is on their website. Therefore it's already an accepted source of information for stock related material. Since it is public and went out to everyone at the same time, it should be fine.
- jug5 10y agoSurely you're the first one to think of legal regulations...