3 ms·
After looking at stock drop and recoveries of other companies involved in major PII breaches in the last 10 years, I came on here recommending people look into
by drewmol 8y ago
After looking at stock drop and recoveries of other companies involved in major PII breaches in the last 10 years, I came on here recommending people look into options, as an opportunity to profit off the reactionary price tumble fallout from that breach. IIRC EFX, with a market cap of ~$16B, went from ~$140 to ~$90 over a few days. As a primarily B2B data broker that sells information without concern for the data subject's wishes, in an establishe and disruption resistant market with only 2 other competitors and decades of purchasing friendly regulations, a ~36% drop seemed unlikely to persist for very long. It's just betting against a large majority sharing, and sacrafising $, in order to adhere to those principles.