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Such a poor comment from Kelly that I almost wonder if it was intentional.
by CamelCaseName 6y ago
Such a poor comment from Kelly that I almost wonder if it was intentional.
- ska 6y agoIt would seem a CEO would have other, less public, tools to torpedo a deal if they wanted to, no?
- vlovich123 6y agoMaybe not if the board was forcing him?
- mjevans 6y agoThis angle makes sense if they wanted regulators to more closely examine the acquisition target.
- renewiltord 6y agoCould be attempting a balance of convincing shareholders and not come out as just eating the upstart.
- Dwolb 6y agoMaybe he wanted to tank the deal once they figured out Plaid scrapes financial portals instead of integrates with them.
- chishaku 6y agobecause you sign a 5b deal and then do due diligence
- Dwolb 6y agoYes? There are several iterations to deals that size with increasing levels of scrutiny.
- hntrader 6y agonot exactly the same situation but it happened with NKLA and GM, insufficient due diligence on what was vaporware. mistakes like that can happen.
- skinnymuch 6y agoThat’s not the same at all. GM wasn’t losing anything in their original NKLA deal. While Visa would have spent billions.
- dexterous 6y agoHubris enables people, especially "smart" people, to do things that look really stupid in hindsight.
- odiroot 6y agoBut is it securities fraud?
- matt_kantor 6y agoEverything is securities fraud. https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...