Can companies be sued for lying to increase stock prices?

[Cherrycat]

Isn't this illegal, to lie about how well a game is selling to try fool investors like Take2 and gearbox are doing?

It's a lot less common on Steam due to being able to see active player numbers and get an idea if a game is selling well or not, but with other launchers not being so transparent it seems companies are bare faced lying about their games selling really well when they aren't.

https://www.thegamer.com/borderlands-3-sales-not-what-2k-said/

[cSg|mc-Hotsauce]

Investors have their own resources to look at. They don't only go by word of mouth. They have paperwork and reports.

[Start_Running]

That wasn't a lie. it was just ambigious.
Ratailer purchases and end-user opurchases are all considered 'sales'

See this is why I apply healthy sklepticism to anything that comes out of companies. They know exactly how to play to expectations and assumptions.

[Brian9824]

Początkowo opublikowane przez Cherrycat:

Isn't this illegal, to lie about how well a game is selling to try fool investors like Take2 and gearbox are doing?

It's a lot less common on Steam due to being able to see active player numbers and get an idea if a game is selling well or not, but with other launchers not being so transparent it seems companies are bare faced lying about their games selling really well when they aren't.

https://www.thegamer.com/borderlands-3-sales-not-what-2k-said/

it wasn't a lie. The article clearly mentioned that they reported the sales as sold-in vs sold.

It's the same thing Microsoft did with the Xbox 360 when they were trying to make it seem like they were beating the PS3.

They'd report on numbers shipped, sold-in, etc and not actual units purchased by a consumer.

Also the article even says they didn't lie about their game selling well, and it sold far better then Borderlands 2 did for instance.

[wuddih]

not many distros do sell on commission these days, so the retailers "own" the copies that they sell. they have to sell them in order to make some of their investment back.
5 millions copies out of the distributor factory are 5 million sold. that they are idling on the shelves doesn't matter.

active players is also no good indicator for projecting sales.

[Count_Dandyman]

Yes they can but only by the investors involved for precedent just look at the case vs EA over Battlefield 4

[Drakensson]

Początkowo opublikowane przez Start_Running:

That wasn't a lie. it was just ambigious.
Ratailer purchases and end-user opurchases are all considered 'sales'

See this is why I apply healthy sklepticism to anything that comes out of companies. They know exactly how to play to expectations and assumptions.

This is the comment with the least typos, you've made

[Start_Running]

Początkowo opublikowane przez Drakensson:

Początkowo opublikowane przez Start_Running:

That wasn't a lie. it was just ambigious.
Ratailer purchases and end-user opurchases are all considered 'sales'

See this is why I apply healthy sklepticism to anything that comes out of companies. They know exactly how to play to expectations and assumptions.

This is the comment with the least typos, you've made

Whoops. My bda , can't affor dto fall below quota.

[Drakensson]

Początkowo opublikowane przez Start_Running:

Początkowo opublikowane przez Drakensson:

This is the comment with the least typos, you've made

Whoops. My bda , can't affor dto fall below quota.

Well it's good that we can joke around. Some people get angry when jokes are made about them.
But I'm just playing around, no insult intended : D

[Start_Running]

Początkowo opublikowane przez Drakensson:

Początkowo opublikowane przez Start_Running:

Whoops. My bda , can't affor dto fall below quota.

Well it's good that we can joke around. Some people get angry when jokes are made about them.
But I'm just playing around, no insult intended : D

Dude. No one laughs at Me more than Myself; and I likes to poke Myself with witty barbs every so often. It's like a britich sitcom over here.

[Drakensson]

Take me for example. I have Aspergers. My best friend asked me once
"what's your favorite burger on McDonalds?" and I said "I don't have one".
And then he says "Oh......oh, I thought it was @ss-perger"

[Satoru]

1) use off topic
2) the language used was again 'sold in' which if you know what that means is relevant. Just because you dont undrestand common terminology for how games are sold that doesnt mean they are 'lying to investors' that means 'you are ignorant for basic retail terms and are now screaming bloody murder instead of educating yourself'

https://ir.take2games.com/news-releases/news-release-details/borderlandsr-3-redefines-mayhem-establishes-franchise-billion?field_nir_news_date_value[min]=2019

The press release clearly states 'sold in' which has a very specific meaning. Just because you don't know what that is, doesnt mean you were 'decieved' it means 'you should educate yourself on terms and not blame th press release because you are incapable of reading'

Aka its stupid ofr a games website to NOT UNDERSTAND basic retail terms, then whine about 'being decieved' based on their own ignorance on terminology they are supposed to understand

[Start_Running]

Początkowo opublikowane przez Drakensson:

Take me for example. I have Aspergers. My best friend asked me once
"what's your favorite burger on McDonalds?" and I said "I don't have one".
And then he says "Oh......oh, I thought it was @ss-perger"

Warn a guy before you spring a joke like that. I could have been seriously hurtif I was drinking hot coffee.

Początkowo opublikowane przez BluntlyHonestReviews.com:

Lol why did i just know this would be steam fanboys unable to cope with an epic game beating every steam launch take 2 ever had umm..

Yeah...note the qualifying clause there.

also check the stockmarket lads, most gaming stock fell around 5% at the time, including companies who don't even have releases on the table.

Yup. It tends to around this time of yeagr.

Początkowo opublikowane przez Satoru:

2) the language used was again 'sold in' which if you know what that means is relevant. Just because you dont undrestand common terminology for how games are sold that doesnt mean they are 'lying to investors' that means 'you are ignorant for basic retail terms and are now screaming bloody murder instead of educating yourself'

Or just ask the questions like... are they counting sales to retailers in with end user sales?"

Aka its stupid ofr a games website to NOT UNDERSTAND basic retail terms, then whine about 'being decieved' based on their own ignorance on terminology they are supposed to understand

If they weren't 'Ignorant' they couldn't use syuch a click-baity title though.

[Crazy Tiger]

Początkowo opublikowane przez Cherrycat:

Isn't this illegal, to lie about how well a game is selling to try fool investors like Take2 and gearbox are doing?

It's a lot less common on Steam due to being able to see active player numbers and get an idea if a game is selling well or not, but with other launchers not being so transparent it seems companies are bare faced lying about their games selling really well when they aren't.

https://www.thegamer.com/borderlands-3-sales-not-what-2k-said/

Welcome to the world of PR and marketing. 2K didn't lie, they used clever wording. They used "sold-in" and the rest of the world didn't read properly and took it as "sold".

You're blaming the wrong parties there, love.

Początkowo opublikowane przez Drakensson:

Take me for example. I have Aspergers. My best friend asked me once
"what's your favorite burger on McDonalds?" and I said "I don't have one".
And then he says "Oh......oh, I thought it was @ss-perger"

I like that one.

[Brian9824]

Początkowo opublikowane przez Crazy Tiger:

Początkowo opublikowane przez Cherrycat:

Isn't this illegal, to lie about how well a game is selling to try fool investors like Take2 and gearbox are doing?

It's a lot less common on Steam due to being able to see active player numbers and get an idea if a game is selling well or not, but with other launchers not being so transparent it seems companies are bare faced lying about their games selling really well when they aren't.

https://www.thegamer.com/borderlands-3-sales-not-what-2k-said/

Welcome to the world of PR and marketing. 2K didn't lie, they used clever wording. They used "sold-in" and the rest of the world didn't read properly and took it as "sold".

You're blaming the wrong parties there, love.

Początkowo opublikowane przez Drakensson:

Take me for example. I have Aspergers. My best friend asked me once
"what's your favorite burger on McDonalds?" and I said "I don't have one".
And then he says "Oh......oh, I thought it was @ss-perger"

I like that one.

Yep. Its why every sale has the wording UP TO xxx% off. Because 0% discount is included in up to. They just need to have 1 item at say 90% off and they can say check out our sale, up to 90% off.

100% legal and all in the wording.

[ᑓᑌᑎᕬ]

If he's not sued over that maybe he will over the stuff found on his USB.