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> may result in material misstatements of our consolidated financial statements or cause us to fail to meet our periodic reporting obligations This part makes
by capableweb 6y ago
> may result in material misstatements of our consolidated financial statements or cause us to fail to meet our periodic reporting obligations
This part makes it sound (especially the "fail to meet our [...] reporting obligations" part) like they should get their shit together before going public, and even if they didn't plan on going public, fix that right away.
Imagine if any other small company approached the government and said "Hey, we might be breaking the law, we're not fully sure. That's alright with you?". They would get the IRS after them so quickly, how come DoorDash can be open about maybe breaking the law? Bigger companies seem to constantly be above the law.
- deleted 6y ago[deleted]
- deleted 6y ago[deleted]
- dannyw 6y agoIn today's world, every medium to large company in the world breaks at least a law a day. It's simply literally impossible for a single human to comprehend all the laws and regulation: the internal revenue code itself contains 3.4 million worlds. This is just CYA.
- loceng 6y agoIsn't that their point though - they know it will hurt the earnings they present, and they don't want to hurt their IPO?