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    Why are they removing the roulette table from the casino!


    Whats next? Tomorrow they’ll say they want to stop my 5x leverage shorts!

    https://i.redd.it/gl4m4kztxopg1.jpeg

    Posted by Ordinary-Salary-6318

    37 Comments

    7. Unlucky_Rub_5828 on

      They’re not removing the roulette table, they’re increasing the minimum bet by moving to yearly hyper-volatile reports. Now you can gamble more money with less transparency

    10. BladeFireQ on

      I need more dopamine nor less.
      Let’s make it every week
      Guys NVDA sold less GPU this week, we are doomed🗣️🔥

    13. dasmikkimats on

      Isn’t this also going to hit the big 4 accounting firms since they can’t nerd as hard?

    15. itsnotshade on

      I really doubt most companies would scrap quarterly calls. Transparency and the ability to market optimism and provide insight during changing times helps as much as having decent metrics.

    17. scottie6384 on

      This is a terrible idea. Less financial transparency is always worse than more financial transparency.

    21. data-with-dada on

      So lame man it’s always these old balls trying to wrinkle up the rest of our fun

    22. Cubyface on

      This may be a controversial comment considering which sub this is, but I wouldn’t mind scrapping quarterly reports if they result in CEOs that are less focused on short term profits to please stakeholders at the cost of long term performance.

    23. zer0fks on

      I really don’t see the problem for small companies. The mega caps don’t feel the cost.

    26. LordCorgi on

      If biotech stocks never have to report earnings then they never have to go down! Infinite money unlocked!

    27. a_human_21 on

      There are usually more actions around quarterly earnings report, so this will be so lame

    28. kon--- on

      Might as well skip reports altogether. Maybe your investment is working out, maybe it’s not.

      But don’t worry, we’ll look out for you. Trust us.

    29. AffectionateVisit680 on

      Earnings reports are now released at ceos behest, usually in the form of tweets.

      I’m confused, hasn’t Tesla been on this new proposal a while?

    32. mbod on

      This just means that the companies that actually put out earnings are worth investing in? I’m gonna be rich!

    33. TipsyPeanuts on

      Grrrrr I’m mad as hell! 

      Part of me recognizes that companies have been calling for this for years. The requirement to report quarterly forced short term behavior aimed at temporarily making numbers look better at the expense of longterm considerations. Longer interval reporting means companies can behave with longer term outlooks and will likely make them healthier.

      But still… grrrrrrr!

    35. Alone-Promise-8904 on

      Are quarterly earnings all that relevant anymore? I was watching a video today with Steve Eisman and Mark Cuban. Cuban was saying earnings don’t matter anymore, it’s more like popularity and sales. So, maybe earnings aren’t a necessary metric anymore.

    36. SCWickedHam on

      So, will investors still invest? Seems like people will pull money, market will become even more volatile and unpredictable. “Invest in my company, trust me the numbers are great.”

    37. SuperNewk on

      So basically the stock doesn’t move all year, then goes up 50-100% on that date.

      Or insiders know the financials quarterly and place bets on them
      Before retail

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