EinatYahav@lemmy.today to Not The Onion@lemmy.worldEnglish · 1 year agoLyft CEO says ‘My bad’ after earnings typo sends stock up 60%www.theguardian.comexternal-linkmessage-square19linkfedilinkarrow-up1341arrow-down12
arrow-up1339arrow-down1external-linkLyft CEO says ‘My bad’ after earnings typo sends stock up 60%www.theguardian.comEinatYahav@lemmy.today to Not The Onion@lemmy.worldEnglish · 1 year agomessage-square19linkfedilink
minus-squareTremble@sh.itjust.workslinkfedilinkEnglisharrow-up215arrow-down5·1 year agoIf a typo can change a stock this much then the whole stock market is fraud.
minus-squarebstixlinkfedilinkEnglisharrow-up84arrow-down1·1 year agoNoooo?! These guys wear suits and ties, so it’s super cereal.
minus-squareXeroxchasechase@lemmy.worldlinkfedilinkEnglisharrow-up17arrow-down2·1 year agoLike the top 10% own 90%? Doesn’t looks like a fraud, it’s just business. https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html
minus-squareroguetrick@kbin.sociallinkfedilinkarrow-up14arrow-down1·1 year agoEh, they’re off hours traders anyway. They’re gambling speculators by definition. Who cares about 'em.
minus-squareanarchyrabbit@lemmy.worldlinkfedilinkEnglisharrow-up9·1 year agoRetail traders have zero chance against the big corps and hedgies. Manipulation is rife
minus-squareintensely_human@lemm.eelinkfedilinkEnglisharrow-up8arrow-down1·1 year agoIf misreported data makes the system not work, that just means the system’s designed to work on real information not fake information.
minus-squareEmotional_Sandwich@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoHow is a system supposed to know if self reported information is accurate or not? The stock market fluctuates based on bad info all the time.
minus-squareieatpillowtags@lemm.eelinkfedilinkEnglisharrow-up6·1 year agoIn theory these kinds of disclosures are heavily regulated, and there are consequences for reporting incorrect info. I’m curious to see if that holds true here.
minus-squareEmotional_Sandwich@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoGood point. I guess we’ll see where this goes.
minus-squaremagikmw@lemm.eelinkfedilinkEnglisharrow-up6·1 year agoWe had more concrete evidence of that for a long time.
If a typo can change a stock this much then the whole stock market is fraud.
Noooo?! These guys wear suits and ties, so it’s super cereal.
Like the top 10% own 90%? Doesn’t looks like a fraud, it’s just business.
https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html
Eh, they’re off hours traders anyway. They’re gambling speculators by definition. Who cares about 'em.
Retail traders have zero chance against the big corps and hedgies. Manipulation is rife
If misreported data makes the system not work, that just means the system’s designed to work on real information not fake information.
How is a system supposed to know if self reported information is accurate or not? The stock market fluctuates based on bad info all the time.
In theory these kinds of disclosures are heavily regulated, and there are consequences for reporting incorrect info. I’m curious to see if that holds true here.
Good point. I guess we’ll see where this goes.
We had more concrete evidence of that for a long time.