4 ms·
The point of this piece is not to generate outrage; the author is not bothered by this, nor does he think the reader should be. The point of the piece is that t
by scott_s 12y ago
The point of this piece is not to generate outrage; the author is not bothered by this, nor does he think the reader should be. The point of the piece is that this is interesting. It's a sign of how our economy in general, and stock trading specifically, is changing.
To me, the most interesting part is that eventually, how we interpret the laws about what publicly traded companies can legally say may change.
- undersuit 12y agoCorporations have free speech but comedy is banned? >come on, put out your fake press releases at 4:05, not 3:55. There is no reason to tempt fate, or annoy your shareholder-algorithms, like this. Looks like the author is bothered by this.
- lobo_tuerto 12y agoHe also adds: "I think that materiality means what it says, and if people or algorithms do dumb things with trivial information that's their problem."
- zacharycohn 12y agoThat was his interpretation of a possible SEC ruling
- undersuit 12y agoLet's hope the SEC has more humor than stock trading bots.
- joshstrange 12y agoI'm sorry, I found the article extremely interesting and I didn't mean to infer otherwise. More than anything I just wanted to say "good riddance" to those companies but I quite enjoyed the article and the topic.