Last year, I heard about this maybe coming, and here it is.

On the positive side, it removes a lot of burden from the companies as making those earnings reports 4 times per year is no joke. A lot of effort goes into it.

On the other hand, earnings reports are the only times, 4 times per year to be specific, where we can clearly see real numbers and how the company is doing vs what the company is "selling" to the public. So this inherently damages transparency, no doubt about that.

Also, rememebr all those insider trades the politicians love to do? Well, now it will be even harder to monitor.