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Ok, but imagine a bug bounty program where you're paid based on how damaging your website is to the product's short term reputation, regardless of whether you'v
by tylerl 7y ago
Ok, but imagine a bug bounty program where you're paid based on how damaging your website is to the product's short term reputation, regardless of whether you've actually disclosed (or even found) anything or substance.
- wpietri 7y agoI'll note that executives are paid based on how much they can hype a company's short-term reputation, so I think the problem isn't really with the short sellers here.
- wyxuan 7y agoNot really. Its illegal to lie like that and you can get sued for defamation. Plus your reputation is at stake. If I said GE is a fraud then no one believes me. But if Bill ackman calls it a fraud, that turns ears.
- londons_explore 7y agoRead the report. There are no non-published assertions in it. They're all either publicly available numbers, or an analysts opinions. It would be very hard to sue them.
- btown 7y agoAnd imagine you lost your computer privileges if you made a bad call on what you found. Many successful activists are careful to make sure they’re right so their funds maintain their prowess, which may as well be the same thing.