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digitaltrees • today at 5:47 PM • 0 replies • view on HN

But if anyone else releases something they will lose market share. They may be lying but this is a public disclosure to investors. They risk securities fraud if they are manipulating the market with false information. This could block their IPO if they build a public record inconsistent with private actions. There are ways they could mitigate it by using cautious language like “we may reduce” but “stop all” is categorical and unequivocal.