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The number of security events that have significantly affected stock values is very limited. Only equifax comes to mind. If I recall correctly, Weev tried to
by droopybuns 9y ago
The number of security events that have significantly affected stock values is very limited. Only equifax comes to mind.
If I recall correctly, Weev tried to short AT&T in advance of the iPad hack, but only got a tiny intra-day dip. The stock that week ended higher every day.
It is risky to short based on security mistakes. I am willing to give this guy the benefit of the doubt. I wish the financial markets valued security more. There just isn’t a lot of evidence to support that hypothesis.
- pmorici 9y agoHow many security mistakes have translated into anything more than a minor one time cost to the company involved? I can't think of any.
- droopybuns 9y agoI would argue that part of the decline of HTC has been Because of their FTC penalties. Look at the last year of equifax’s stock price. One major dip related to one major news story. Their are a few anecdotes, but most of the time, there is no major financial impact.