Comment by SlinkyOnStairs

1 hour ago

It'd be illegal if they overtly lie.

But what they can (and do) do is structure (in the not financial jargon sense) the reports such that the given datapoint does not exist individually.

E.g. If you want to hide AI revenues or costs, the SEC won't let you just _not report them_, but you can just group the AI revenues with the SaaS/Cloud numbers under a new division, and report only the combined figure for that division.

This works especially well if the grouped components already fluctuate a bit, so one cannot simply substract known SaaS/Cloud numbers from the new total.