Former Ubiquiti employee who stole data and blackmailed company gets 6 years in prison – IT Pro – News
– On January 15, 2021, the value was $247.29
– on March 26, 2021, the value was at $389.88. Then the FBI had it in its sights. (58% improve from 15 Jan)
– on April 9, 2021, the value was $281.78 (down 38% from March 26)
on June 4, the value stood at $321.24 (up 14% from April 9).
The inventory then remained pretty secure for the remainder of 2021, earlier than changing into unstable from January 14, 2022. Between Might 1, 2023 and Might 11, 2023, Ubiquiti misplaced 35% ($236.65 to $178.47).
A 50% share value acquire in two months may be very uncommon for such giant corporations. Given the additional developments of the share, I dare say that the issue with Sharp was a superb motive to let some air out of the share. Then got here turbulent instances.
https://en.wikipedia.org/wiki/Ubiquiti
In January 2021, a possible knowledge breach of cloud accounts was reported, with buyer credentials having doubtlessly been uncovered to an unauthorised third celebration.
In March 2022, Ubiquiti filed a lawsuit towards safety researcher Brian Krebs, alleging defamation for his reporting on their safety points. Each events resolved their dispute outdoors the courtroom in September 2022.
There was extra to Ubiquiti than only a blackmail recreation. The truth that the share value went in all instructions illustrates to me that it was by no means boring there 
A choose can not presumably attribute that 4 billion to Sharp. Sure, he may have influenced it, however that doesn’t make him accountable or liable.
/i/2004907440.png?resize=210%2C150&ssl=1)
