Skip to main content

Advice for Darktrace: don’t complain, just explain

When trust is everything the best way to respond is to opt for full exposure and elaborate explanation

Advice for cybersecurity firm Darktrace as it finds itself under attack from short-sellers: don’t rely on airy “nothing to see here” statements. If you want to shore up investors’ confidence when a New York hedge fund is questioning your accounting in a lengthy report, you usually have to get into the gritty business of point-by-point rebuttal.

Darktrace’s response on Tuesday to an outfit called Quintessential Capital Management fell into the boilerplate category. The company said it had “full confidence” in its accounting practices and financial statements, and that its board and management take their fiduciary responsibilities “very seriously”. All standard stuff, in other words.

Continue reading...

from The Guardian https://ift.tt/J17AvKU

Comments

Popular posts from this blog

England booed off after failing against Iceland once more in Euros warm-up

It was a long way from being the triumphant Euro 2024 send-off for Gareth Southgate and his England players at a sold-out and increasingly fretful Wembley. Never mind the result because it was not the main thing, however much it stirred memories of you-know-when against Iceland. It was the performance that raised the difficult questions, the worst one for quite some time and at exactly the wrong time. The home fans, thousands of whom made for the exits before the end, were forced to watch the second half – from about minute 55 onwards – through the gaps between their fingers. And it had not been great before that. Continue reading... from The Guardian https://ift.tt/4ndfQL0

Covid-19 cases in England 'must fall to ease NHS pressure'

Imperial College study notes decline in week to 22 January but fall is slower than in first national lockdown Coronavirus – latest updates See all our coronavirus coverage Cases of coronavirus have started to decline in England but must fall faster to relieve pressure on the NHS, scientists behind a Covid infection survey have warned. Researchers at Imperial College London analysed more than 160,000 swabs taken between 6 and 22 January and found that while cases fell nationally in the past week the rate was not dropping swiftly enough to reduce strain on the health service. Continue reading... from The Guardian https://ift.tt/36ggn4E

Trump to campaign in 4 states - including in Biden's hometown - during week of Democratic National Convention

Trump plans to hold a series of events next week in Pennsylvania, Wisconsin, Minnesota and Arizona as Democrats nominate Joe Biden for president.             from USATODAY - News Top Stories https://ift.tt/3al6qn7