top | item 47016065

(no title)

mfuzzey | 16 days ago

I disagree.

Sure corporations have to respect the LAW in their juradiction, even if said law is unpopular or unethical. But they don't have to, and shouldn't where ethics and human rights are involved, go beyond what is required by the law. Since Trump has come to power a lot of big organsations seem to be reversing their previous positions to gain political favour, which is wrong.

The solution is probably for them to appeal to the public. "We stand up to ICE abuse" would probably help them in the markets.

Something interesting happened recently in France where it turned out that the American subsiduary of CapGemini was selling serives to ICE. They were forced to sell that subsiduary after public outcry.

discuss

order

api|16 days ago

One Trump tweet can destroy a company’s stock price. Trump has amazing power over public companies as the absolute king of the attention economy.

convolvatron|16 days ago

its not just the tweets. this administration came out of the gate swinging with its extortionate demands. it claims the power to redirect, cancel, and append conditions to congressional funding. its has as its disposal all of the departments who ostensibly exist to serve the populace, and use them to file lawsuits, charge people with crimes, remove or establish new regulations or targeted taxes, all in service of whatever the president might desire.

nilamo|16 days ago

I wish I understood how that works. Retail investors are so small, compared with hedge funds and whatnot, that "average people" cannot move a stock price significantly. So, when Trump tweets about a company, how does the stock move? Who is actually doing all that selling to drive the price down?

And, since the price almost always recovers within a week... does it even matter?