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Proposal to Ban Ghost Jobs

(www.cnbc.com)
446 points Teever | 4 comments | 26 Aug 25 16:27 UTC | HN request time: 0s | source
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apercu ◴[26 Aug 25 18:01 UTC] No.45030087[source]▶
If I wanted to game my stock price and mislead my competition, a bunch of highly specific (and fraudulent) job postings on my website (in combination with other investor-adjacent reporting) would be a great low cost start.
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1. gruez ◴[26 Aug 25 22:16 UTC] No.45033032[source]▶
That would be a mistake, because "securities fraud" is one of the few ways you can get smacked for lying to the public. Lying to the public about climate change? Meh, it's hard to prove damages from the lie so you'll probably get away with it. However if you lie to shareholders about global warming, and that factors into your outlook of the company, you'll get smacked with securities fraud suits.

https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...

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2. busterarm ◴[26 Aug 25 23:41 UTC] No.45033714[source]▶
Which is funny because startups don't get any consequences for misleading investors/customers with fake job postings and the behavior in that industry is rampant.
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3. gruez ◴[26 Aug 25 23:47 UTC] No.45033758[source]▶
startups aren't public companies.
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4. busterarm ◴[27 Aug 25 00:02 UTC] No.45033855{3}[source]▶
But are still capable of defrauding investors.