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It feels like a lawyer heavily tweaked this to sound better than it really is.
by eyeareque 4y ago
It feels like a lawyer heavily tweaked this to sound better than it really is.
- WrtCdEvrydy 4y agoSource: https://www.google.com/search?q=okta+stock https://www.google.com/search?q=okta+stock
- etcet 4y agoBesides the opening it doesn't appear to have moved very much. I wonder if LAPSUS$ have short positions open and are frustrated it's not moving which is why they're posting responses to Okta and then updated their response with more information (as linked above).
- swiftcoder 4y agoThat's just a reality of corporate disclosures, I'm afraid. No one is going to let something like this go to press without a full round of legal and PR editing.
- chippiewill 4y agoI think there's two ways about it though. Most "good" companies (e.g. Cloudflare) will try to be transparent and proactive without taking on liability. In this case it reads as though Okta are obfuscating the truth, and that's not good.