I will never understand Snapchat. The shares are basically memberships to the Snapchat CEOs fanclub. Dude didn't even invent the fucking concept behind the company! I understand there's more to it than just coming up with the idea but..
Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the process.The details were made public for the first time in Snapchat’s parent Snap Inc. S-1 filing today, unveiled as a first crucial step in the startup’s bid to go public on the NYSE, which is expected to happen in early March, according to our sources.The financial terms of the deal between Snapchat and Brown were not disclosed when the settlement was first announced.
The details were made public for the first time in Snapchat’s parent Snap Inc. S-1 filing today, unveiled as a first crucial step in the startup’s bid to go public on the NYSE, which is expected to happen in early March, according to our sources.
The financial terms of the deal between Snapchat and Brown were not disclosed when the settlement was first announced.
― officer sonny bonds, lytton pd (mayor jingleberries), Thursday, 22 February 2018 18:25 (six years ago) link
I can see venmo existing in 6 years or so. snapchat otoh
― El Tomboto, Thursday, 22 February 2018 20:08 (six years ago) link
Silicon Valley had better be the first thing to go when debt gets more expensive
― direct to consumer online mattress brand (silby), Thursday, 22 February 2018 20:42 (six years ago) link
Newer tech co's all have pristine balance sheets. Snap for example has 2,366 million in current assets, 346 in current liabilities, and 83 of other liabilities. Zero debt. When speculative equity investors dry up, maybe try to slowdown their cash burn, which is running at 2 million a day.
― It's because I'm human, isn't it?! (Sanpaku), Friday, 23 February 2018 19:59 (six years ago) link
on their balance sheet, "marketable securities" make up almost 3/4 of their current assets -- is that shares of their own stock or ...
― sarahell, Saturday, 24 February 2018 05:04 (six years ago) link
Iirc that usually means short-term securities that are low risk and nearly as good as cash.
― Fedora Dostoyevsky (man alive), Saturday, 24 February 2018 05:06 (six years ago) link
I more meant I assume less money will flow from Sand Hill Road at some point rather than unicorns that have already gone public going under.Though presumably Twitter is still trying to sell itself to anyone who will take it
― direct to consumer online mattress brand (silby), Saturday, 24 February 2018 05:07 (six years ago) link
xp - thanks
― sarahell, Saturday, 24 February 2018 05:16 (six years ago) link
Unprofitable tech companies have mostly been a means of transferring wealth from speculative investors to insiders for several decades. I wouldn't be troubled, except some of those speculative investors are teachers' pension funds and the like.
― It's because I'm human, isn't it?! (Sanpaku), Saturday, 24 February 2018 05:22 (six years ago) link
at the staff retreat at my office last week it came up that we ought to be planning a policy response to "the really bad recession that's about to hit us"
― BIG HOOS aka the steendriver, Tuesday, 27 February 2018 18:50 (six years ago) link
no better time for a guy in his mid 50s to become jobless, i guess
― ice cream social justice (Dr Morbius), Tuesday, 27 February 2018 19:00 (six years ago) link
tariff wars and recession - Trump's new flirtation with ruining everything
― Rabbit Control (Latham Green), Tuesday, 27 February 2018 19:03 (six years ago) link
got this email yesterday:
In other news, I feel a recession is coming. My friend is a GM at a major car dealership and he said they just had their slowest month in five years. Experience tells me that car sales tend to be an early predictor of an economic downturn.
― sleeve, Tuesday, 27 February 2018 19:06 (six years ago) link
i work with the state unemployment agency in WA and i get something called WARN notices which alert service providers to large local layoffs. i signed up and got none for months, but received two this week, both logistics and distribution companies, about 350 permanent layoffs in total
― alomar lines, Wednesday, 28 February 2018 05:29 (six years ago) link
I didn't realize the bitcoin crash would have such far-reaching ramifications.
― A is for (Aimless), Wednesday, 28 February 2018 05:37 (six years ago) link
Paul Tudor Jones: Jay Powell is like General Custer ahead of the Battle of Little Bighorn, surrounded by Foreign Currency Fighters, the Stocks, the army of Corporate Credit, the Crypto Tribe and the Inflation Nation. pic.twitter.com/1ugphj7eeD— Robin Wigglesworth (@RobinWigg) March 1, 2018
and then to top it off...
NEWS from pool spray: TRUMP SAYS U.S. WILL SET TARIFFS OF 25 PCT FOR STEEL AND 10 PERCENT FOR ALUMINUM— Kayla Tausche (@kaylatausche) March 1, 2018
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 1 March 2018 17:36 (six years ago) link
??
President Trump decided against announcing tariffs on steel and aluminum imports on Thursday after 18 hours of frenetic pushback from inside the White House and on Capitol Hill, two people briefed on the decision said.
https://www.washingtonpost.com/news/business/wp/2018/02/28/white-house-planning-major-announcement-thursday-on-steel-and-aluminum-imports/?utm_term=.e194517a18ae
― sleeve, Thursday, 1 March 2018 17:37 (six years ago) link
well, yeah
To recap:- No tariff announcement on schedule issued at 9 PM- Trump says he wants to announce tariff today, sending officials on mad scramble- Senior officials say the policy isn't ready, there'll be no announcement today, just a "listening session"- Trump announces tariff— Daniel Dale (@ddale8) March 1, 2018
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 1 March 2018 17:38 (six years ago) link
ah OK that explains the cluster of tweets from the last ten minutes, thanks
― sleeve, Thursday, 1 March 2018 17:39 (six years ago) link
MillerCoors statement: We are disappointed with President Trump’s announcement of a 10% tariff on aluminum. While we won’t know the details for a week, the Department of Defense recently reported that aluminum does not cause any national security issues. (1/3)— MillerCoors (@MillerCoors) March 1, 2018
― maura, Thursday, 1 March 2018 21:54 (six years ago) link
while this might make trump seem like an enemy of the common man, a shrewd observer pointed this out
Donald doesn't drink Beer. Need a strong statement from @CocaColaCo to really drive home the costs he will pay with every Diet Coke he drinks.— Rich McGilvray (@Misterchief) March 1, 2018
― maura, Thursday, 1 March 2018 21:55 (six years ago) link
Alooooo min um
Lol u ppl talk funny
― But doctor, I am Camille Paglia (Bananaman Begins), Friday, 2 March 2018 08:27 (six years ago) link
"But we're still cool to sell our alu minnn yum, yeah?"
"Absolutely. Big league."
― But doctor, I am Camille Paglia (Bananaman Begins), Friday, 2 March 2018 08:33 (six years ago) link
we need to run the government like a business. tax cuts!
― reggie (qualmsley), Friday, 2 March 2018 15:16 (six years ago) link
man, between Delta and Coca-Cola it has not been a good month for Georgia business
― algorithm is a dancer (katherine), Friday, 2 March 2018 15:20 (six years ago) link
well s/month/week
Can someone explain to me why US Steel stock is down 4.5% on news of a foreign steel tariff? Do they import/process foreign steel themselves?
― Fedora Dostoyevsky (man alive), Friday, 2 March 2018 15:26 (six years ago) link
It seems to be a case of “buy the rumor sell the news”. Steel stocks were already up big on anticipation of this announcement, so now it’s probably profit taking.
― o. nate, Friday, 2 March 2018 16:08 (six years ago) link
most ominous first post ever?
here we go guys
― El Tomboto, Thursday, October 18, 2007
― scott seward, Friday, 2 March 2018 16:13 (six years ago) link
"Can someone explain to me why US Steel stock is down 4.5% on news of a foreign steel tariff? Do they import/process foreign steel themselves?"
"The United States is the world's largest steel importer. In year-to-date. 2017 (through September), further referred to at YTD 2017, the U.S. imported 26.9 million metric tons of steel, an increase from 22.5 million metric tons in YTD 2016."
― scott seward, Friday, 2 March 2018 16:15 (six years ago) link
mostly from china iirc?
― Lockhorn. Lockhorn breed-uh (Jon not Jon), Friday, 2 March 2018 16:49 (six years ago) link
we get most of our steel from three key allies -- canada, south korea, and brazil
https://www.trade.gov/steel/countries/pdfs/imports-us.pdf
can't imagine why president trumputin would want to mess with them
― reggie (qualmsley), Friday, 2 March 2018 17:02 (six years ago) link
they've treated us very unfairly, very unfairly
― j., Friday, 2 March 2018 17:02 (six years ago) link
weird, so the US doesn't import steel from China?
― self heating (brownie), Friday, 2 March 2018 17:05 (six years ago) link
i think i may have been misremembering a factoid that they are the largest purchaser of our iron ore exports
― Lockhorn. Lockhorn breed-uh (Jon not Jon), Friday, 2 March 2018 17:17 (six years ago) link
I heard this morning that China is in 11th place for steel imports.
― nickn, Friday, 2 March 2018 17:35 (six years ago) link
they make steel at home but import huge amounts of the materials iirc
― Lockhorn. Lockhorn breed-uh (Jon not Jon), Friday, 2 March 2018 18:22 (six years ago) link
*RAW materials
do the tariffs impact the raw materials as well or just finished steel?
― Fedora Dostoyevsky (man alive), Friday, 2 March 2018 18:47 (six years ago) link
Isn't the story that China exports to middlemen to get to US? Chinese steel overproduction is a real problem but lol at Trump solving it...
― Frederik B, Saturday, 3 March 2018 00:26 (six years ago) link
WWE Raw materials
― But doctor, I am Camille Paglia (Bananaman Begins), Saturday, 3 March 2018 01:24 (six years ago) link
― scott seward, Friday, March 2, 2018 4:13 PM (yesterday) Bookmark Flag Post Permalink
This thread is why I was stockpiling bulk foods 10 years ago
― BIG HOOS aka the steendriver, Saturday, 3 March 2018 22:58 (six years ago) link
Dried potato flakes are nearly nutritionally complete (just add a few greens), and last 30 years.
― It's because I'm human, isn't it?! (Sanpaku), Monday, 5 March 2018 20:51 (six years ago) link
■ 313,000 jobs were added last month, the most since October 2015 and the 89th straight month of gains, a record. Economists had anticipated a gain of about 200,000.
― Mordy, Friday, 9 March 2018 14:25 (six years ago) link
cool, lets add 1.5 trillion of stimulus to that
― officer sonny bonds, lytton pd (mayor jingleberries), Friday, 9 March 2018 16:14 (six years ago) link
Fix the US economy by building trains everywhere is my core political belief
― valorous wokelord (silby), Friday, 9 March 2018 16:19 (six years ago) link
We can sell Train Victory Bonds
TRUMP TRAINS BABY *choo choo*
― I’m 16 and a member of UKIP’s youth wing, young independence (bizarro gazzara), Friday, 9 March 2018 16:20 (six years ago) link
I’m not too proud to ride a trump train, that’s how much trains matter to me
― valorous wokelord (silby), Friday, 9 March 2018 16:26 (six years ago) link
what if they have trump's grinning face on the front, like thomas the tank engine
― I’m 16 and a member of UKIP’s youth wing, young independence (bizarro gazzara), Friday, 9 March 2018 16:27 (six years ago) link