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What company would want to opt out? It woukd signal they want to be less transparent and their stock would collapse immediately.

I have followed this debate for 10+ years now. I find it rather interesting. I have no idea what the answer is, but as far as I know, the cornerstone of the debate is as follows: quarterly earnings reports create an incentive for short-term thinking, as they happen every 90 days and take weeks to prepare, and place quite a bit of pressure on short-term results to beat Wall Street estimates, show profits in a short period of time, and so forth.

Preparing, releasing, and reporting on earnings every 3 months does indeed require significant time, cost, and coordination across investor relations, legal, finance, and operations. This may not matter as much to Apple, but for small-cap companies with tight budgets and smaller teams, this can hit hard and distract focus when you're just trying to build a team that can compete with the mega trillion market cap companies.

In a way, quarterly earnings reports are a outsized cost to small cap companies while a far lesser dent to large cap. This actually gives large caps an advantage in the long haul when you compare the relative costs. Maybe it's one of the many reasons how it becomes easier and easier for the large caps to scale in public markets while small, and even medium caps, just get distracted and squeezed by endless costs. Reminder: we have far less public companies today than we did at the peak 20+ years ago. Why go public when you're under so much pressure ever 90 days.

Anyways, I have no idea if it's right or wrong. But it is fascinating and I would be especially curious if someone knows how this could help smaller companies either in terms of cost savings, long-term planning, less short-term pressure, etc etc.

same SEC that allows hundreds of chinese frauds to trade here

Awful. Fucking awful.

This is a play to promote longer-term thinking, rather than every CEO making decisions only to quarterly reports. Europe already does it. Not sure if it will have the desired affect, but those of you catastrophizing about it need to get a grip.

Good, as an investor and not a trader I see little positive in the quarterly earnings hysteria, and I'd be quite happy if it went to annual reporting. Hopefully it'll also encourage a few more companies to list.

I would have gotten away with it, if it hadn't been for the damn kids and that report!

It will be interesting to see which companies stick to quarterly reporting and which do not

SMCI has joined the chat

Giving companies the option is a POOR STRATEGY. Just make all the companies report twice a year but stagger them so there is still regular action.

This will legitimately be horrible

It will be huge pump and dump.. I guess I'll just have to buy ETF and not care..

Analysts are going to become pointless

Wtf, every company that opts out will take a huge hit... who tf will trust/invest into them

>a move that would end a 55-year-old requirement

cONseRvaTIvEs, ladies and gentlemen, or as I like to say, *Republicans* sure put the "con" in "conservative"

This way institutions and hedge funds can sell early leave retail left holding the bags even more... U,S Markets=Most corrupt in world 🤷‍♀️