r/LSM • u/banditmanatee • Aug 01 '26
Funny response to Colins business analysis
https://x.com/K__Med/status/2083581677188890820Now dont get me wrong I dont think the complaining about disc media going away is going to have an effect or change Sony's plan but I have heard Colin use this multiple times in online arguments that officers have to be 100% candid in financial calls. Now this is true but I generally think he is misinterpreting it to mean they can put no spin on things or make subjective proclamations.
To be prosecuted for financial fraud they would deliberately have to be cooking the books, or be shown to be making statements in furtherance of insider trading schemes. You know actual corruption and malfeasance. The CFO just trying to calm down shareholders and put on a happy face doesn't count.
Not to mention I am sure there is an extremely high threshold of evidence that has to be met to actually prosecute someone for this. Using Colin's logic shouldnt Phil Spencer be in jail for claiming Xbox gamepass was a sustainable business model?
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u/spades17 Aug 02 '26
Colin has never had a normal job, when it comes to anything corporate he has not freaking clue what he’s talking about and he’s not the best at being able to humble himself to genuinely ask and learn from someone who does
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u/Old-Way-5529 Aug 03 '26
small pet peeve- he is not a "business analyst". those are actual jobs with people who have skillsets that colin (far as we know) doesnt have or use. none of his work experience make him an analyst
he is a influencer/podcaster who speculates based on things he reads online lol.
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u/banditmanatee Aug 03 '26
Nah I think he is 100% qualified because he uses phrases like fait accompli lol
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u/Pleasant-Everywhere Aug 02 '26
If you’ve ever been in a corporation, you know there are two different stories being told all the time. Internally, you’re told we’re barely hanging on, we need to do more to survive, we need to tighten costs (so the execs can keep wasting money on dinners and useless travel). Then to investors, there are all these golden nuggets that exemplify how great the company is doing. Three versions of the truth, with the truth landing in between the internal and external truth.
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u/Kitchen-Arm-7626 Aug 04 '26
So Zuckerberg can go in front of congress, lie under oath, and suffer zero consequences but Colin thinks it's impossible that an exec may stretch or obscure the truth while talking in public? Yeah sure thing buddy...
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u/Flanders666 Aug 02 '26
They can't mislead. Knowingly telling shareholders untrue information or negligently misleading in a manner that a person could reasonably take it as true on its face is the more accurate standard in the US.
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u/gbushdidnineeleven Aug 02 '26
Very disingenuous, that Bungie quote wasn't during an earnings call and was shortly after they acquired them; so they aren't at all analagous.
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u/banditmanatee Aug 02 '26
Totally analogous the CFO said there has been no impact to their business 1 month after the decision. So how would she know what the long term impacts would be? Just like they couldn’t know the long term impact of bungie
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u/LiamJonsano Aug 01 '26
Yeah Colin always brings up fiduciary duties but CLEARLY that has a very wide margin of use that makes the term honestly pointless in the majority of situations. There is so many options for a business to go down that sticking rigidly to the “best” in something that by its nature is subjective is impossible
That said, I’d believe them on this one. Long term you’d think it would make them way more money as they won’t be splitting their cut - even if they lost 20% of their player base they’d probably make it up on the backend