Re:Financial Misstatements
by duaneb on Friday August 21, 2015 @02:16PM
(#10099267)
Sorry, I more meant it in terms of:
1. What to the investors think the terms mean.
2. What does the service provider think the terms mean.
3. Can the difference between 1 and 2 be construed as a violation of a contract.
4. If 3, is it possible to discern unintentional vs fraud.
I used reddit because it so easily demonstrates the different tiers of the 1% rule[1], except with reddit there are un signed in users, signed in users who don't do anything, only voters, voters and commenters, people who submit, and "power users". I don't know the details now (and reddit has changed a lot), but last I checked they seemed to descend in numbers by about ~10%. This would be a place where you could easily portray a very different ecosystem than reality, intentionally or not, simply by categorizing the users as "active" or not, and how you're characterizing the value you're getting from them.
1. What to the investors think the terms mean.
2. What does the service provider think the terms mean.
3. Can the difference between 1 and 2 be construed as a violation of a contract.
4. If 3, is it possible to discern unintentional vs fraud.
I used reddit because it so easily demonstrates the different tiers of the 1% rule[1], except with reddit there are un signed in users, signed in users who don't do anything, only voters, voters and commenters, people who submit, and "power users". I don't know the details now (and reddit has changed a lot), but last I checked they seemed to descend in numbers by about ~10%. This would be a place where you could easily portray a very different ecosystem than reality, intentionally or not, simply by categorizing the users as "active" or not, and how you're characterizing the value you're getting from them.
[1] https://en.wikipedia.org/wiki/1%25_rule_(Internet_culture)