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Investors panicked and sold the stock. It quickly fell by over 5%. Apple didn't utter a word. A couple of months later when it announced the results, everyone was surprised. The sales of the iPhone X beat everyone's expectations. Now imagine if there was a law in place that asked companies to issue statements whenever a news report emerged that affected share price materially.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode