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A comment on TechCrunch published Snap earnings before numbers went public. Parent comment

Re:TechCrunch published Snap earnings before numbers went pu... by vkou on Tuesday October 22, 2019 @06:58PM (#21329317)
Why is it legal for your accountants to know the numbers, before they go public?

Consider the journalists publishing the information as an extension of the accounting department. Specifically, they are the part of the extended department that announces the numbers.

And yes, the SEC loves to prosecute people for suspiciously shorting stocks, right before earnings release.

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Re:TechCrunch published Snap earnings before numbers went pu... by onetimemanytime on Wednesday October 23, 2019 @02:35AM (#21331724)
>>Consider the journalists publishing the information as an extension of the accounting department.

Well, they are not. And accountants can face penalties from lawsuits, losing their license, to jail for revealing client info, unless directed to.

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Re:TechCrunch published Snap earnings before numbers went pu... by vkou on Wednesday October 23, 2019 @03:44AM (#21332176)
Journalists trading on insider information can go to jail just as easily as accountants.
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