SoylentNews is people
SoylentNews
U.S. cyber agency says SolarWinds hackers are 'impacting' state, local governments
And... the market rewards them
'What's the alternative?' SolarWinds boosts security firms' bottom lines
Cybersecurity providers including FireEye Inc and Microsoft Corp could not prevent a huge network breach disclosed this month by numerous U.S. agencies and companies, yet their shares are soaring for a second straight week.
...
Wall Street is betting that governments and businesses - having invested years in moving to digital infrastructure - will only accelerate purchases of the latest IT tools.“What’s the alternative?” said Venkatesh Shankar, marketing professor at Texas A&M University.
Airbag recalls or Listeria outbreaks tend to affect shares within a narrow supply chain, from restaurants and auto dealers down to parts and ingredients suppliers, he said.
At the time of writing, the SolarWind stock price dropped on YtY from $18.55 a year ago, to $15.75 now. Crazy as it may sound after being hacked, the recommendation is "Buy", because "What's the alternative?"
(Score: 2, Interesting) by fustakrakich on Tuesday December 29 2020, @06:25PM (1 child)
Well shit, with all that free money coming from the fed, who wouldn't spend the day at the casino?
This is entirely bogus. Wall Street and the fed are crashing the dollar. Get your wheelbarrows ready.
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Tuesday December 29 2020, @07:27PM
The vet they're making is that Biden is firmly in pocket. Seems to be a good bet to make with most US presidents.