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No he didn't. He announced his departure the day before the stock cratered (some jokingly blamed the drop on his announcement).
by jedberg 5y ago
No he didn't. He announced his departure the day before the stock cratered (some jokingly blamed the drop on his announcement).
- progbits 5y agoAs a person known for performance work there is no way he wasn't looking at various performance and usage charts and didn't know well ahead of the earnings call that their numbers are not looking good and stock will fall. Not saying the decision was caused by this. But he for sure is the "insider" that "insider trading" talks about.
- jedberg 5y agoAs a former insider myself, I can say that it was pretty hard to divine the earnings report from service metrics. We could see over-all patterns of ups or downs, but Wall Street mostly reacts to the future estimations as well as profitability, neither of which we could derive from metrics. And while we had access to active subscriber numbers, again how Wall Street reacted to a miss or not was not always predictable. Or in short, I doubt he could see this coming, especially given that his interview process had to start a few months ago.