EinatYahav@lemmy.today to Not The Onion@lemmy.worldEnglish · 2 years agoLyft CEO says ‘My bad’ after earnings typo sends stock up 60%www.theguardian.comexternal-linkmessage-square24fedilinkarrow-up1217arrow-down12
arrow-up1215arrow-down1external-linkLyft CEO says ‘My bad’ after earnings typo sends stock up 60%www.theguardian.comEinatYahav@lemmy.today to Not The Onion@lemmy.worldEnglish · 2 years agomessage-square24fedilink
minus-squareNeato@ttrpg.networklinkfedilinkEnglisharrow-up27arrow-down2·2 years 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-squareKecessa@sh.itjust.workslinkfedilinkEnglisharrow-up11arrow-down1·edit-22 years agoHe hasn’t earned anything unless he sold while it’s up and that would be public information.
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkEnglisharrow-up10·2 years agoFor the first offense. Each subsequent offense should have the percentage double.
minus-squareintensely_human@lemm.eelinkfedilinkEnglisharrow-up4·2 years 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.
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.
He hasn’t earned anything unless he sold while it’s up and that would be public information.
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.