• themeatbridge
    link
    fedilink
    English
    2724 months ago

    What’s it called when you fuck up and accidentally make millions of dollars? Oh, right, fraud.

  • Cyborganism
    cake
    link
    fedilink
    English
    624 months ago

    Isn’t the SEC going to investigate and charge them?

    • slazer2au
      link
      fedilink
      English
      334 months ago

      Maybe, but they will slap them on the wrist with a fine that costs less than they make in an hour and have a strongly worded letter sent to them saying don’t do it again.

      • ComradeSharkfucker
        link
        fedilink
        English
        134 months ago

        So I wanted to know where the phrase milquetoast comes from bc it’s a weird word and thought I should share my findings bc it is cool.

        from Caspar Milquetoast, character created by U.S. newspaper cartoonist H.T. Webster (1885-1952) in the strip “The Timid Soul,” which ran from 1924 in the “New York World” and later the “Herald Tribune.” By 1930 the name was being referenced as a type of the meek man.

    • @UndercoverUlrikHD@programming.dev
      link
      fedilink
      English
      44 months ago

      The mistake was fixed within 24 hours and it was released during after hours when no stock trading is technically supposed to happen. It’s on you if you trade outside of the official trading hours. There are also laws protecting companies from being punished for having wrong forward looking statements. The guy in charge of the earnings presentation got fired though, so there’s that.

      https://www.bloomberg.com/opinion/articles/2024-02-14/lyft-had-a-typo

  • @breadsmasher@lemmy.world
    link
    fedilink
    English
    144 months ago

    “My bad… This was a bad error, but it was one zero.”

    Not quite… it was an error of 450 basis points. An error of 1000%