It's earnings season. And for company players, the game is about trying to beat analysts' estimates, to get your company's stock to pop so you look better than your reflection.
But the game is rigged. And like high-frequency trading and so many other "institutionalized" games on the Street that are sucking the life out of other people's dreams, it's not illegal.
Here's how earnings are manipulated, and why it should be stopped...
It's earnings season. And for company players, the game is about trying to beat analysts' estimates, to get your company's stock to pop so you look better than your reflection.
But the game is rigged. And like high-frequency trading and so many other "institutionalized" games on the Street that are sucking the life out of other people's dreams, it's not illegal.
Here's how earnings are manipulated, and why it should be stopped...
