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Oh I don't know. news coming out / leaking about a massive data breach, and the stock dropping off it's high _the very same freaking day_ seems like causation,
by InTheArena 5y ago
Oh I don't know. news coming out / leaking about a massive data breach, and the stock dropping off it's high _the very same freaking day_ seems like causation, not correlation.
But whatever.
- tptacek 5y agoStocks drop for all sorts of reasons, and stuff like breach notifications are routinely swamped by other (often macro) causes. But nerds love to believe that security stories have powerful impacts on stocks, despite the fact that the most successful companies routinely experience them.