News for hackers. Stuff that matters.

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

Re:TechCrunch published Snap earnings before numbers went pu... by ksec on Wednesday October 23, 2019 @02:14AM (#21331610)
Does anyone know if this is standard practice worldwide? Or is it US only? How on earth do these numbers be handed to reporters before hand? It isn't about having NDA or not, It shouldn't even be allowed in the first place.

This is going to be controversial opinion. I could trust lawyers, and Accounts to be professional, but Journalist? So we could give the results to anyone who wants it early as longs as they sign a NDA and dont trade with the information?

[ Parent | on HN ]
Re:TechCrunch published Snap earnings before numbers went pu... by manigandham on Wednesday October 23, 2019 @02:33AM (#21331710)
Public companies are full of employees that know insider information. An upcoming roadmap by the newest hire can be enough to predict news.

Sensitive data isn't a problem. There are plenty of rules and processes with NDAs, especially in news publishing which often have scheduled stories under embargo. Also the companies are dealing with the news organizations who would vet and assign the proper journalist. I doubt you would get this info by claiming to be an indie blogger.

[ Parent | on HN ]