Still having a hard time understanding why this is legalpic.twitter.com/pYp2ridglu
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The point is how misleading it is to compare their 2024 mult to peers' 2021 mult. No reason it shouldn't be apples-to-apples
I agree with you it's very silly, an enterprising securities lawyer could surely have a go at it but I would gamble it's protected under safe harbor provisions
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Yeah, I don't doubt it - really more of a philosophical question than anything else!
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I would be super curious to poll federal judges on this exact chart and get an unvarnished legal view on it tbh (or perhaps
@matt_levine?)
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