4 ms·
Supermicro never sued Bloomberg despite having lost a chunk of their valuation because of that article. Just saying.
by rasvj 7y ago
Supermicro never sued Bloomberg despite having lost a chunk of their valuation because of that article. Just saying.
- pathseeker 7y agoThis rarely works. And it's not the company that would lead such a lawsuit, it's the shareholders.
- jjeaff 7y agoThat's not true. The company would have plenty of damages to their reputation that a lawsuit would be perfectly reasonable. Not to mention the fact that lost market cap also damages the companies ability to hire and retain talent.
- jdminhbg 7y agoThe problem is that they would have to prove that Bloomberg wasn't just incompetent, but rather malicious. It's entirely possible (and imo the most likely scenario) that Bloomberg didn't fabricate the story, but were duped.