[keiferski]

Well, generally speaking I think it’s a better world if corporations are forced to not lie to people.

Presumably investors and those shorting the company would benefit from more accurate information about a company. So the market as a whole would be healthier and less prone to inflationary claims.

I also don’t think that excuse would really hold up under scrutiny: “we fired 14% of our workforce to maximize shareholder value” isn’t exactly a straightforward answer. Right now the answer seems to be latching onto whatever’s trendy and blaming the layoffs on that.

If there is an expectation that reasons will be investigated, then I think you’d just get more accurate information in the market, tldr.

[anthonypasq]

the company is hemorrhaging money, and consistently missing earnings. idk what else you need to know brother