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points by beambot 2 days ago | 0 comments

> They have to explain what they are doing.

They really don't. A public company doesn't even have to provide forward-looking earnings guidance, though many choose to do so for strategic reasons. The only reason to make announcements is if there's some strategic benefit to doing so.

[–] kjs3 2 days ago

Well, yes, but wouldn't this fall under Regulation S-K, Item 303? They don't have to provide forward revenue guidance, but if they're exiting a line of business don't they have to disclose future trends and risks leading to that decision in their 10Q/10K?