Maxperson
Morkus from Orkus
Yes and no. It's not the truth that does it. It depends on what you say, whether truth or lie. That man in that link could have been lying and it would have had the same effect. Apple reports lower earnings than expected for a quarter and the share prices drop.........but they told the truth. Some truths have to be said, whether they hurt shares or not. Others don't.But WotC owe their shareholders the courtesy of not saying something that will lower their share price.
This is what happens when businesses tell the truth: The man who destroyed his multimillion dollar company in 10 seconds
And it's not a courtesy. Corporations have a fiduciary duty to make as much money as possible for their shareholders, so doing something obviously destructive can get them sued. However, hurtful revelations, if in the long run add to the value of the company, such as being more destructive if hidden, don't violate that. It's pretty complicated.
That said, whether the Mystic is abandoned or not, and what the reasons were are irrelevant to their bottom line. WotC shares wouldn't have gone down so much as a penny had they given any other reason or no reason at all for why they abandoned the Mystic, so there's no reason to think that they would be lying about it.