There are penalties for making false statements to investors, which can include SEC coming down on you or an investor lawsuit. Statements made represent what

There are penalties for making false statements to investors, which can include SEC coming down on you or an investor lawsuit. Statements made represent what we know at that time. Things have changed from January till now. Consumer sentiment is in the gutter and we don't know when the interest rates hikes will stop. Interest rates have a huge impact on public companies due the debt public companies carry. What you're seeing is the tightening of cash flow. Companies are cutting back on expenses. This has a huge impact downstream. I would hate to be at a SaaS company because new implementations are getting pulled and deal flow has dried up. Some of these companies are public. What they knew two months ago and what they know are completely different. My biggest annoyance is that a bunch of large public companies did stock buybacks when the market was at record highs. Now that debt is expensive, doing secondary offerings just completes the buy high sell low scenario and shows bad leadership.