Wouldn't it have to have a negative effect on the security to be securities fraud? Causing an investor loss is a key point of securities fraud.

"We made a ton more money with ads and the stock went up" lacks that key element of fraud?

Investors who bought an artificially inflated stock would be harmed.

How would the stock be harmed by them selling better performing or more relevant ads?

	▲	bee_rider 11 hours ago \| parent [-]
		I don’t know that there were any promises anyway. But if there were, then an investor could have plausibly believed that that was a better long-term business model. It’s early days for these LLM hosts, maybe investors could be worried about taking the really annoying business notes before users are properly addicted.

11 hours ago | parent | prev [-]

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