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Comment by NoboruWataya

Knowing that a new competitor has entered the market with a superior product is not inside information. The iPhone was public knowledge (that is how the Nokia engineers, who were not Apple insiders, knew about it). Nokia's existing offering was also public knowledge. Sure, some members of the public might have speculated that maybe Nokia was about to respond with its own killer smartphone, and Nokia insiders knew that wasn't the case. But that's not concrete information. Not to mention that "we can't compete with Apple" is ultimately a matter of opinion/prediction, not concrete information.

This has nothing to do with inside information or insider trading, it is just "if your company is bad, maybe you should go work for a better company".

Also it reeks of AI.

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