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And their stock is up 5%. Glad we do so much to keep corporations accountable in this country!

by Forbo 2y ago

c-linkage 2y ago
The stock market measures how people feel about a company. The fact that the case is resolved has relieved a lot of anxiety which is enough to drive the stock up.
- tmpz22 2y ago
  The stock market is a bull tied vertically with enough bondage equipment to make the director of 50 Shades of Grey puke. Pumped full of every chemical invented and in a glass case on full display for all to see. It is not a measure of how people feel.
  - Dalewyn 2y ago
    People want stonks to go up up up. Company settled lawsuit, which means it probably won't go down down down meaning its stocks went up up up. Stonks are about how people feel. The only question is whether "people" mean individual investors or fund investors.
    - soulofmischief 2y ago
      Stocks are about expectations, not about how people feel. Big money generally doesn't invest in securities that they simply want to go up. They invest in securities which they expect to go up, or bet against securities they expect to go down. They specifically do not rely on how they feel—they rely on analysis. Furthermore, a good fund will make money whether the market is going up or down, often aiming for stable returns over consistently positive alphas. There are definitely some fractal feedback loops regarding expectations, sentiment and price changes, but generally speaking you're looking at projections of future value when supply or demand changes. If a rational investor thinks their portfolio is going to tank because of some event, they're going to sell off some or all of the affected securities, regardless of their desire for the security to continue rising in price.
  - polartx 2y ago
    Melodramatic much?
gruez 2y ago
...or that it was already priced in?
Lionga 2y ago
This is basically a "get out of jail free" card for lifetime for a tiny fraction of the profit it made them. So the hush money the SEC wanted is lower then expected, and price of stock should go up.
Bhilai 2y ago
Security breaches have generally had no impact on stock price of corporations. At best, some security leader will get axed and nothing will change.

And their stock is up 5%. Glad we do so much to keep corporations accountable in this country!

by Forbo 2y ago

And their stock is up 5%. Glad we do so much to keep corporations accountable in this country!

The stock market measures how people feel about a company. The fact that the case is resolved has relieved a lot of anxiety which is enough to drive the stock up.

tmpz22 2y ago
The stock market is a bull tied vertically with enough bondage equipment to make the director of 50 Shades of Grey puke. Pumped full of every chemical invented and in a glass case on full display for all to see. It is not a measure of how people feel.
- Dalewyn 2y ago
  People want stonks to go up up up. Company settled lawsuit, which means it probably won't go down down down meaning its stocks went up up up. Stonks are about how people feel. The only question is whether "people" mean individual investors or fund investors.
  - soulofmischief 2y ago
    Stocks are about expectations, not about how people feel. Big money generally doesn't invest in securities that they simply want to go up. They invest in securities which they expect to go up, or bet against securities they expect to go down. They specifically do not rely on how they feel—they rely on analysis. Furthermore, a good fund will make money whether the market is going up or down, often aiming for stable returns over consistently positive alphas. There are definitely some fractal feedback loops regarding expectations, sentiment and price changes, but generally speaking you're looking at projections of future value when supply or demand changes. If a rational investor thinks their portfolio is going to tank because of some event, they're going to sell off some or all of the affected securities, regardless of their desire for the security to continue rising in price.
- polartx 2y ago
  Melodramatic much?

gruez 2y ago

...or that it was already priced in?

Lionga 2y ago

This is basically a "get out of jail free" card for lifetime for a tiny fraction of the profit it made them. So the hush money the SEC wanted is lower then expected, and price of stock should go up.

Bhilai 2y ago

Security breaches have generally had no impact on stock price of corporations. At best, some security leader will get axed and nothing will change.