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Ryanair: ‘We don’t have time to waste with stupid follow-up questions from your readers’ (www.irishtimes.com)

submitted 2 days ago by irelephant@piefed.social to c/nottheonion@lemmy.world

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[–] Ilovethebomb@sh.itjust.works 14 points 2 days ago (1 children)

https://en.m.wikipedia.org/wiki/United_Breaks_Guitars

It was widely reported that within four weeks of the video being posted online, United Airlines' stock price fell 10%, costing stockholders about $180 million in value

What a silly thing to say.

[–] Ghyste@sh.itjust.works 9 points 2 days ago* (last edited 2 days ago) (2 children)

And where is their stock now?

I suppose it would be better to ask how long that lasted.

[–] skulblaka@sh.itjust.works 13 points 2 days ago (1 children)

On 6 July, 2009, United Airlines opened at $3.31 and dipped to an intra-day low $3.07 (-7.25%) on 10 July, but that very day closed at $3.26 and traded as high as $6.00 (+81.27%) four weeks later on August 6.[20]

There it is, nearly instant profit

[–] Ghyste@sh.itjust.works 4 points 2 days ago

That's exactly what the phrase means. I can guarantee you that smart traders made a good chunk off the dip.

[–] Ilovethebomb@sh.itjust.works 4 points 2 days ago (1 children)

Once everyone forgot about it, I'm sure it went back to normal.

But it certainly did them no favours. The David Dao incident is another example of there definitely being bad publicity.

[–] Ghyste@sh.itjust.works 7 points 2 days ago (1 children)

I mean, that's the point. It was a temporary thing and then business as normal.

[–] Ilovethebomb@sh.itjust.works 5 points 2 days ago

Just because it blew over eventually doesn't mean it wasn't bad publicity.