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by falcolas
1315 days ago
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I'm looking at the actual stock market as of right now. They've been trading for hours, and their price is up overall. > And anyway what is a fair amount of value to lose over a fake tweet? is 1% ok? 2%? Given that when the stock prices return and continue to rise - there's no actual monetary losses... sure. Those are all fine. At worst, their interest rates on new loans would be a bit higher is all. |
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Average daily volume of Ely Lilly is 3 million shares - at $356 price/share that's $1,068,000,000 traded each day affected, not to mention stock option premiums jumping due to heightened volatility, etc.,. I'm pretty sure there were some actual monetary losses in there.
This company is doing the same thing plenty of other companies and people are doing, this company just went through a bit worse before it made that decision.