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Serious question: What does making an announcement while the market is closed actually do? Are you not just throwing money to the people willing to trade after
by jon_richards 5y ago
Serious question: What does making an announcement while the market is closed actually do? Are you not just throwing money to the people willing to trade after hours?
- alistaira 5y agoMy unqualified guess is that it makes time to ensure the full story and context to be digested by traders. If the story is emerging during trading, there is risk of more volatility / unpredictability as the fastest information may not be the most complete.
- ryzvonusef 5y agoequal access to information. (no "insider" benefit) people trading off market are taking their own risks willingly, the market itself tries to be fair w.r.t. reported if you are listed, you effectively agree to release info on certain terms, so that off-market don't get a better advantage also When I had posted this, there had been no tweet, just a leak from a CNBC reporter with three lines : breaking news, Jack is rumored to be leaving, stay tuned for more info. there was a massive info asymmetry, so NYSE had to halt trading until it deems news has percolated enough, I guess.