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A good reminder the problem isn't just one company is lying but every company's numbers are a mystery and there are many ways and reasons that lying about those numbers has become a necessity for most to compete. It's not just individual fraud; we live in a fraud ecosystem. michellemanafy/1442460768381898755
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I have no sympathy for fraudsters, but I can also see a direct line from a company looking at impossible numbers for most of its competitors, to lying about their own numbers, to committing fraud by impersonating another person on an investment call.
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We are surrounded by numerical unreality in the digital media business's mostly unverifiable self reporting and it increasingly seems that few have the moral fortitude to not participate.