It's really just a silly common misinterpretation of a vague legal concept, the stock market equivalent of "correlation doesn't imply causation", in that it's t

It's really just a silly common misinterpretation of a vague legal concept, the stock market equivalent of "correlation doesn't imply causation", in that it's the only thing many people know about the subject and that they consider this very complicated information that needs to be mentioned at every possible opportunity. In reality, there has been more or less exactly one successful invocation of the concept in history, against Craig Newmark, when he explicitly said he was going to do something that would harm shareholders. In reality, you do whatever you want and if anybody complains you tell them it's good PR and will therefore benefit shareholders in the long run. You can be as wrong about that as you want as long as you manage to avoid explicitly stating that you know to be wrong.