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[–] 13 points 2 years ago (3 children)

No serious investor is dumb enough to be swayed by data that's easy to fake. Public companies are required to publish their financial reports every quarter.

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  • [–] 15 points 2 years ago* (last edited 2 years ago) (3 children)

    Nortel basically cheated the stock market by buying any company they could to look succesful while publishing not so real numbers in their reports, which caused their stock price to explode for a few years. Investors only care about returns. They don't care if the company goes under after they've made their money

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  • [–] 6 points 2 years ago (1 child)

    Nortel was like old school AT&T, they got big by doing things properly with reliable, well-designed hardware/software and hiring lots of extremely talented people, and once the money reached a critical mass they started doing super shady shit and traded out all of the talent, passion and loyalty for more money until nothing but a husk was left, and it inevitably collapsed.

    Greed consumes all.

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  • [–] 5 points 2 years ago

    That's a far cry from investors just counting how many job listings the company has on Indeed without knowing if those positions are actually being filled, and if they're new positions or just replacing people that quit

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  • [–] 5 points 2 years ago

    A company I used to work for (digital advertising) would buy fake Facebook likes and followers and it seemed to work well for them with regards to getting a ton of investors. That is, until Facebook made changes that pretty much stopped all profit from the platform.

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