View Single Post
Old 01-16-2013, 10:12 AM   #67
jbjb
Somewhat clueless
jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.jbjb ought to be getting tired of karma fortunes by now.
 
Posts: 464
Karma: 3524430
Join Date: Nov 2008
Location: UK
Device: Kindle PW, iPad, iPhone
Quote:
Originally Posted by PatNY View Post
How so in cases such as this regarding a potential incorrect assertion of fact?
I assume you agree that there are a great many facts about any company which, if known, would significantly affect stock price. I assume you also agree that knowledge of many of these would give advantage to a competitor.

A expectation that incorrect rumours will be denied gives a competitor the ability to go fishing for such facts, and the ability (through absence of denial) to infer which of those facts are true.

As a (very poor :-) ) example, let's say I'm an Apple competitor and interested to know if Tim Cook is leaving - I simply start a rumour saying that inside sources report that he is leaving. This meets your criteria - it's a statement of fact and it would affect stock price. With your approach, Apple would be forced to confirm or deny this.

A similar approach could have been taken in the past with regard to Steve Jobs' health.

There are lots of other things in different areas which would also be interesting - even in the case of the rumours in question, don't you think that knowing whether or not they are true is of interest to Apple's competitors?

/JB

Last edited by jbjb; 01-16-2013 at 10:15 AM. Reason: clumsy phrasing improved
jbjb is offline