ST Alpha - "I'm of the opinion that investors should flee companies that disrespect their customers so badly that they get fined by the FTC. -- (link)" (Reading a Post)

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I'm of the opinion that investors should flee companies that disrespect their customers so badly that they get fined by the FTC. -- (link)

Posted by Beryllium (aka grayman) Jul 12 '19, 16:16

(No message)

Wall Street disagrees, preferring to dismiss it as a cost of doing business. (twitter.com)

Responses:

Why? - Cuzzin Todd Jul 12, 17:20 20
- *That's the problem.* There's more to life and human society than the bottom line. -- nm - Beryllium Jul 12, 17:22 19
  - #LateStageCapitalism -- nm - Qale Jul 12, 17:49
  - True. But that has nothing to do with stocks and investing and such. -- nm - Cuzzin Todd Jul 12, 17:34 1
    - Which is what I'm saying the problem is. It's psychotic. -- nm - Beryllium Jul 12, 17:39
  - Customer....not prisoner...they don't have to be there...yet they stay customers. You are projecting your emotions, not theirs. Facebook is making $ - Bacon Jul 12, 17:30 15
    - Prolonged and repeat mistreatment of customer information should (and eventually must) result in being seen as an indefensibly toxic practice. -- nm - Beryllium Jul 12, 17:38 14
      - From the customer perspective, people for the most part don't seem to care. As much as they probably should. -- nm - Cuzzin Todd Jul 12, 17:59
      - (From an investment perspective, in addition to the customer perspective. It is a danger sign for a significant future meltdown.) - Beryllium Jul 12, 17:44
      - Look at facebook like cigarettes. People know it's bad for them but they are addicted to it. -- nm - Bacon Jul 12, 17:43 11
        
        That's a fair assessment for customer usage patterns, yes. - Beryllium Jul 12, 17:47 10
        
        Just like profits, analysts will speculate about an upcoming fine amount. If the fine comes in lower, the stock rises, fine higher the stock can fall - Bacon Jul 12, 17:51
        
        Oh, wait. The after hours window is only about 2 hours, isn't it? -- nm - Beryllium Jul 12, 17:51 8
        
        Extended hours are, but stocks trade after hours all the time. -- nm - Bacon Jul 12, 17:53 7
        
        But most online tickers wouldn't factor that in until the next day, right? -- nm - Beryllium Jul 12, 17:55 6
        
        No stocks still move on news. There is the closing price, and an after hours price. - Bacon Jul 12, 17:58 5
        
        TIL. Thanks! -- nm - Beryllium Jul 12, 18:00
        
        Facebook closing and current after hours price - Bacon Jul 12, 17:59 3
        
        Oh! Hmm. Actually that's pretty muted. Thanks! -- nm - Beryllium Jul 12, 18:00 2
        
        May have already been priced in. - Reagen Jul 12, 19:00
        
        yeah, that is a tiny move -- nm - Bacon Jul 12, 18:01
Look at the airline industry, they fucking suck and are making trillions -- nm - Bacon Jul 12, 17:18
Makes sense to me. - Super Daddy Princess Jul 12, 17:05 3
- Spot on -- nm - Bacon Jul 12, 17:19
- To me the risk is that they won't learn from their behaviour, which means that it will continue. And that which continues, worsens. -- nm - Beryllium Jul 12, 17:10 1
  - Although to be clear, I'm not suggesting it doesn't make sense. I'm saying it's not right, from a moral/ethical standpoint, to make money from them. -- nm - Beryllium Jul 12, 17:11

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