EinatYahav@lemmy.today to Not The Onion@lemmy.worldEnglish · 9 months agoLyft CEO says ‘My bad’ after earnings typo sends stock up 60%www.theguardian.comexternal-linkmessage-square24fedilinkarrow-up1340arrow-down12
arrow-up1338arrow-down1external-linkLyft CEO says ‘My bad’ after earnings typo sends stock up 60%www.theguardian.comEinatYahav@lemmy.today to Not The Onion@lemmy.worldEnglish · 9 months agomessage-square24fedilink
minus-squareNeato@ttrpg.networklinkfedilinkEnglisharrow-up35arrow-down3·9 months agoHe should have to pay a fine equal to twice what he would have earned from the stock increasing. Even if the stock plummets. Don’t fuck up your financial statements, dude.
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkEnglisharrow-up13·9 months agoFor the first offense. Each subsequent offense should have the percentage double.
minus-squareintensely_human@lemm.eelinkfedilinkEnglisharrow-up4·9 months agoThis could correct itself. Now the company’s financial reports are unreliable, and the uncertainty alone should drop the value of their stock. Risk has a negative monetary value, and these financial reports are now a source of risk.
minus-squareKecessalinkfedilinkEnglisharrow-up13arrow-down2·edit-29 months agoHe hasn’t earned anything unless he sold while it’s up and that would be public information.
He should have to pay a fine equal to twice what he would have earned from the stock increasing. Even if the stock plummets.
Don’t fuck up your financial statements, dude.
For the first offense. Each subsequent offense should have the percentage double.
This could correct itself. Now the company’s financial reports are unreliable, and the uncertainty alone should drop the value of their stock. Risk has a negative monetary value, and these financial reports are now a source of risk.
He hasn’t earned anything unless he sold while it’s up and that would be public information.