In theory these kinds of disclosures are heavily regulated, and there are consequences for reporting incorrect info. I’m curious to see if that holds true here.
The market is only real because people believe in it. Unless you plan to be on the board of a company, the stock is worth exactly the expected dividend, which most stocks no longer pay. There is no intrinsic value to a stock… people will pay you a spot price today only because of the expectation they will sell at a higher price later. Without that belief, there is no value.
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.
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.
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.
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