Lol, finance (and thus financial reporting) is so braindead.
I’ll summarize the whole article: Why did RDDT crash? “Because the stock price went down. Some people sold the stock, so more people sold it, now the price is lower”
Thanks Yahoo finance, this is the journalism we rely on you for…
That sounds like a you problem.
“Our business is so bad and barely viable that it can only survive if you allow us to be overtly unethical”, great pitch guys.
I mean that’s like arguing “our economy is based on slave plantations! If you abolish the practice, you’ll destroy our nation!”
It took me an embarrassingly long time to figure out what this actually is.
I followed your link, and read the “how it works” page and only then realized that this is for “scheduling” in a programmatic sense, not scheduling in a calendar events and appointments sense.
But is this understanding correct? That this is a tool designed to aid for example, a social media coordinator for an organization, or a brand manager? Something to help send out updates or messages at pre planned times? Or perhaps to allow you to create one statement and post that to several different platforms?
This is semantics, because that’s the same thing.
If you want to sell now you have to sell at a lower price, to have your put orders at the top of the stack. So the reason they were selling a lower price was just that they actually wanted to sell.
Sure, you can put an order to sell at some optimistic price, and that won’t effect the stock price, but simply having a put order on a stock is not actually the same as wanting to sell. People actually wanting to sell now lowered the stock price.