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Definitely! Same with layoffs, and same with "kitchen sink" quarters. Any corporate action that results in negative PR is more likely in an environment where o
by Centigonal 3y ago
Definitely! Same with layoffs, and same with "kitchen sink" quarters.
Any corporate action that results in negative PR is more likely in an environment where others are doing the same thing, since the negative PR cost is lower when it's a normal industry trend. So we should expect this kind of stairstep behavior.