“Online Lender Prosper Settles Probe Over Misleading Investors,” The Wall Street Journal, April 20, 2019. Company provided the wrong data to is investors. For two years.
The error resulted in the company overstating its earnings. Why do these errors never go the other way?
You invest in something, and rely on the company providing accurate information to measure your investment. They overstate their results by not including certain deductions. Then the suit for fraud.
Where is the failure in governance? The company? You?
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