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Bloomberg reported that the startup I worked for was for sale and the founders were pitching it to potential buyers. Internally, they vehemently denied the repo
by whydoineedthis 8y ago
Bloomberg reported that the startup I worked for was for sale and the founders were pitching it to potential buyers. Internally, they vehemently denied the report and said Bloomberg completely made it up. Bloomberg was dead on the money. That's not to say every journalist/article they publish is going to be spot on, but I definitely give them enough credit that I will believe this report until proven unequivocally not true by the accused.
edit: spelling.
- Jackim 8y agoI think you might mean "unequivocally"
- whydoineedthis 8y agoThank you. Spell check didn't give it to me and I was too lazy to Google it.
- berberous 8y agoA CEO shopping a private startup has every incentive to lie to his employees in that scenario and little reason not to. On the other hand, Apple and Amazon have huge reasons not to blatantly lie about this. The plaintiffs bar would be all over both companies for material false and misleading statements if this turned out to be true (see also Elon's recent experiences with the SEC). Apple and Amazon are certainly incentivized to not admit bad facts, to spin facts, to issue misleading unclear statements that read as a denial but are not, etc. But I really don't think the legal teams at either company would let executives get away with issuing such full-throated and clear denials if they were untrue.
- whydoineedthis 8y agoyeeaaah...on the other hand, they could be pulling a hat trick from the FCC playbook. "I had no idea it was legitimate users leaving feedback and the guy I trusted to inform me no longer works here. I was told everything was fine!" Plausible deniability goes a long way when you have enough money/political support or are "too big to fail". It happens. Often.