[aswanson]

That's interesting...Ben Horowitz said he suffered the same types of attacks from hedge funds; they'd spread a false rumor and because he was under some type of regulatory restriction, he couldn't correct the record unless he simultaneously updated all his institutional investors at the same time. He had to let the rumors ride out...and he only had a 90-100 million market cap. Somebody has to reign in these useless zero-sum fucks.

[draugadrotten]

> he couldn't correct the record unless he simultaneously updated all his institutional investors at the same time.

Hmm, conference calls, twitter, e-mail, web pages. And so on.

Is it really that difficult to issue an update which satisfies this legal requirement.

[aswanson]

Ben is not a dumb guy. I may be dulling out some of the details, but Im sure it was not that simple. Especially since it was about 7 years before the advent of twitter and involved SEC regulatory compliance.