2 ms·
Facebook isn't "playing games" that much IMHO, Facebook is merely trying to make sure it doesn't get sued by stockholders because it "hid material information f
by detaro 5y ago
Facebook isn't "playing games" that much IMHO, Facebook is merely trying to make sure it doesn't get sued by stockholders because it "hid material information from them". Thus, Facebook puts a worst-case scenario in their SEC filing so no stockholders can later sue them because "If I had known Facebook has regulatory issues in Europe I'd have invested differently! They didn't tell me, that's securities fraud!" (Cue Matt Levine on "everything is securities fraud")
Of course it's a big claim, but I don't quite see why this is suddenly over all the media for such an obvious stock disclaimer.