You kind of hand wave off the thing the article describes was the insider information.
> and Nokia insiders knew that wasn't the case. But that's not concrete information.
This is concrete, if I'm in a leadership or shareholder meeting and I'm authoritatively saying "look, we're done here, everyone thinks we can respond but we can't because of X and Y" then those people now have insider knowledge with gravity.
Valuable inside information isn't a thing everyone at a company knows.
> and Nokia insiders knew that wasn't the case. But that's not concrete information.
This is concrete, if I'm in a leadership or shareholder meeting and I'm authoritatively saying "look, we're done here, everyone thinks we can respond but we can't because of X and Y" then those people now have insider knowledge with gravity.
Valuable inside information isn't a thing everyone at a company knows.