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Comment on Uh oh: Ubisoft postpones its quarterly financial report at the last minute and halts stock trading

They haven’t been doing too well recently. The trade halt is because they’re afraid that everybody would read the halting of the report as admission they’re barely afloat and start dumping shares, killing the company.

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FarceOfWill@infosec.pub ⁨5⁩ ⁨hours⁩ ago
Right, If the truth is theyre barely afloat theyre not going to change anything by delaying the report. The time its reporting has passed.

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- pinball_wizard@lemmy.zip ⁨13⁩ ⁨minutes⁩ ago
  
  If the truth is theyre barely afloat theyre not going to change anything by delaying the report.
  
  Sure. Long term.
  
  But I can’t help but wonder how much a motivated executive could embezzle using some additional time…
  
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- Alaknar@sopuli.xyz ⁨4⁩ ⁨hours⁩ ago
  Which is what leads me to believe that they caught an error in the report and needed to re-print it. Halting it now wouldn’t change anything financially.
  
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