Quote:
Originally Posted by GrussGott
If you think it's cool a publicly traded company confirmed a lie that moved their stock price, then let's hope you're far away from anything professional with money. Including your own!
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I base my investment decisions on both information I receive and using logic to what makes sense to me. I did not value the company differently when I saw the possible name change and you should be most concerned by people that would buy or sell stock based on information like this. If stuff like this causes you to buy or sell stock I hope you find a professional for investment advice.
Did the SEC take any action? I think not as they agree with me. Even with Musk it was a $20 million charge and his was to another level. Likely still a good use of money for VW
I read this - "If the SEC were to investigate the "Voltswagen" stunt, Whitehead said, it would likely look at whether the statement was intended to manipulate the company's stock price or if shareholders would consider a name change (or the fact that the name change was a joke) to be material information. Arguing either claim could be tricky."