What a click-baity title. The article finishes with this:
Still, Shopify is one of Canada’s best-performing stocks, having gained 135% this year as investors rewarded the company’s fast-growing sales and innovations in online checkout products
Words like this drive engagement. Many journalists also don't have statistical training.
I wrote a financial media literacy guide for precisely this reason:
Extreme Language: Articles use extreme language to represent price movements, as these engage readers (e.g., meltdown, bloodbath, crash, massacre, topple), but are often statistically suspect
What is Bloomberg doing with Reader View on iOS? It worked for another article about the subprime loans and bypassed the modal. Now the reader view is switching articles every couple seconds.
Comments
It "tumbled" to the same price it was at last Thursday...
What a click-baity title. The article finishes with this:
Words like this drive engagement. Many journalists also don't have statistical training.
I wrote a financial media literacy guide for precisely this reason:
https://github.com/nemild/hack-the-media/blob/master/financi...
Some other good notes in this article:
Context Matters. The Stock Market Drop Is Less Scary Than It Seems.
https://www.nytimes.com/2018/02/05/upshot/context-matters-th...
Shares also "tumbled" >100% more than it was last year at this time...
As a side note.
What is Bloomberg doing with Reader View on iOS? It worked for another article about the subprime loans and bypassed the modal. Now the reader view is switching articles every couple seconds.
The media plays as much a role in pushing these unrealistic hyper-growth narratives on public companies as anybody.
are Andrew Left's of Citron Research shorts still active for Shopify?