Re:TechCrunch published Snap earnings before numbers went pu...
by paxys on Tuesday October 22, 2019 @07:36PM
(#21329591)
I wouldn't say nothing for TC. Breaching embargoes is a very big deal in journalism and incidents like this greatly affect a publication's reputation. They are definitely not getting any such briefings for a while now.
Re:TechCrunch published Snap earnings before numbers went pu...
by tenpies on Tuesday October 22, 2019 @08:05PM
(#21329769)
I would say that is pre-2016. After 2016, journalism as a profession became extremely fast and loose. A "we'll apologize if we're wrong" approach took over, plus zero accountability or consequences for false information.
On the bright side, the SEC will eventually ask how this happened. Not that they do any serious enforcement these days.
Re:TechCrunch published Snap earnings before numbers went pu...
by tempsy on Tuesday October 22, 2019 @08:17PM
(#21329832)
Well they had time to prosecute a first year investment banking analyst who made $100k trading on insider information a few months ago and just this week did the same to another Goldman Sachs banker. I’m positive both resulted in gains much smaller than the losses some people sustained by this mishap.
Re:TechCrunch published Snap earnings before numbers went pu...
by gamblor956 on Tuesday October 22, 2019 @07:59PM
(#21329737)
Agreed, but I was only looking at it from a legal perspective.
For Snap? A fine and a binding agreement not to do this again or else to designate TC as one of their preferred methods of disclosing financial information (like Elon's twitter is for Tesla).
Shareholders on the wrong sides of trades today can also sue Snap and have a good chance of recovering any putative losses. This is actually the bigger concern for Snap since this is likely a much bigger amount than any potential SEC fine.