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> They are not obligated to be truthful here What are you talking about? It’s securities fraud for a CEO to lie about the financials of a company regardless of
by semiquaver 5mo ago
> They are not obligated to be truthful here
What are you talking about? It’s securities fraud for a CEO to lie about the financials of a company regardless of whether it’s public or private.
- 33vss 5mo agomore than likely what he meant is their metrics may be non-GAAP.
- rchaud 5mo agoAnd the punishment for securities fraud is a slap on the wrist, as Tesla proved with its "going private at $420/share, funding secured" tweet. Who cares about a $40m fine from an increasingly toothless regulator when your investors have already fronted $1.5 billion to settle copyright infringement claims? https://www.bbc.com/news/articles/c5y4jpg922qo https://www.bbc.com/news/articles/c5y4jpg922qo