That's exactly what Pepsi said about Coke when they were deciding to start out and why Pepsi never tried to enter the cola market. Oh wait, no they didn't say any of that.
(For your clarification, I'm using this example to illustrate that more than one product can exist in the same category, not the size of the companies).
Stock manipulation according to the SEC. "Making false or misleading statements about a company."
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