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Completely wrong way to think about it. In fact, those companies are cases of fraud and lying, and we generally do not assume companies lie. When Google release
by argonaut 10y ago
Completely wrong way to think about it. In fact, those companies are cases of fraud and lying, and we generally do not assume companies lie. When Google releases their quarterly earnings, we assume the numbers are correct, unless there is evidence to believe it's fraudulent.
- knorby 10y agoBear Stearns didn't fail due to fraud, it failed due to not adequately tracking and assessing the risk of its assets. It is worth noting that there have been serious allegations made a few weeks ago against Snap that they are lying on the S-1.