Nadeem Was a Blogger Who Provided Comments About Corporate Performance

Nadeem was a blogger who provided comments about corporate performance. On his blog he stated that Widget Company was in serious financial trouble and was preparing to lay off 200 employees. The price of Widget Company's stock immediately dropped $1.50. The law of defamation states that Nadeem is liable for the loss of Widget Company whether or not the statement was true.

A) True
B) False
C) True, only if there is absolute privilege
D) True, only if there is qualified privilege
E) True, only if there are special damages