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by andrewmutz 1062 days ago
Lying to investors is a pretty serious crime, so the numbers are probably correct.
3 comments

Falsifying scientific research involving hundreds of millions of dollars is serious crime too, and yet the president of Stanford and researchers at Duke are where they are.

I have no idea what goes on at META or any other public company. I just know people have repeatedly underestimated the odds of misrepresentation in the past.

People say in America you can get away with anything if you're a billionaire.

Not true. The crime of defrauding your investors will land you in jail even if you're a billionaire. I'm proud of America.

Eventually.

It does take ~10 years in practice for people to notice the lies and for the FBI to finally arrest you. At least in Enron or Worldcom cases, these things can go on for a very long time.

USA is eventually correct, but we take our sweet ass time getting there.

Is it lying if you just don't put the effort to identify and flag bots?