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Effect of Hacking on Stock Price, Or Not?

Ubiquiti Networks fell 11% on Friday, but recovered later in the session. CEO Robert J. Pera said he was embarrassed by the incident and it reflected “incredibly poor judgement and incompetence” by a few people in the accounting department. The market seems to view this fraud as a one-time event that will not seriously affect future performance, anyway, anyway. The ultimate fault lies with the criminals who perpetrated this fraud, and I wish them well and I hope others can learn from their misfortune.”]

Source: https://taosecurity.blogspot.com/2015/08/effect-of-hacking-on-stock-price-or-not.html

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