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IshKebab
56 days ago
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Nvidia just paid $20B for a company that missed it...
Yeah the point is you aren't supposed to mislead investors with overly rosy revenue projections. That's fraud (but probably hard to prove).
If they told the investors privately then they're probably fine, but I doubt they did.
ralph84
56 days ago
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Any time a forward-looking statement is given in an investment context it has a safe harbor caveat attached about how it could be wrong. Companies miss revenue projections all of the time. That's not fraud.
illiac786
56 days ago
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It is if you lied.
toomuchtodo
55 days ago
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Prove the lie, that is the challenge.
richardwhiuk
56 days ago
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In private companies, it's much more caveat emptor, than in the public markets.
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If they told the investors privately then they're probably fine, but I doubt they did.