338
Lyft CEO says ‘My bad’ after earnings typo sends stock up 60%
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 Feb 2024
338 points (99.4% liked)
Not The Onion
12203 readers
556 users here now
Welcome
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
The Rules
Posts must be:
- Links to news stories from...
- ...credible sources, with...
- ...their original headlines, that...
- ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”
Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
founded 1 year ago
MODERATORS
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.