We reported last month that the “Investor Day” that CEO Bob Chapek had announced was coming, was to be held on October 7th according to an announcement on Livestorm. Well now that page is gone.
It’s not on the Investor Relations Page either.
So where did it go?
They are asking about it on Twitter:
It doesn’t seem like it. The site that hosted the first one had it listed for Wed. They then took it down and said it was a mistake.
Chapek said in August they would be doing a presentation “in the coming months”. Their 4Q call is in Nov. So it’ll be either before or after that. https://t.co/zBbEGP5sdN
— Jeremy Conrad (@ManaByte) October 5, 2020
According to Murphy’s Multiverse it was an “error.”
“UPDATE: According to a report from The Direct, a LiveStorm representative has indicated that the date, seen below, was given in error and was deleted from their website. Furthermore, they have indicated that their is no upcoming Investor Day scheduled to their knowledge.”
They are saying it was given in error, but now with all the layoffs, underperformance and uncomfortable questions they are likely to get, it’s suddenly gone. How could it be in “error?” Chapek announced it was coming this year. Unless a date is announced for the next two months, my take-away is that they are trying to scramble to find the positive spin for investors and are stalling for time.
It is very interesting this “error” was discovered well after it was all over the internet, and right after all the bad press, stock drops and layoffs hit. We will keep you posted when (and if) they announce the new date. Hopefully it was just an error, and someone else can find some better clarification and a new time. Maybe I’m missing something and I could be, I’m not perfect. But the timing of this “error” makes it look suspicious.
What do you think? Comment and let us know.
Sources: Murphy’s Multiverse, Twitter
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