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Subjunctive posted:Amazon was public for 4 years before its first profitable quarter, let alone year; until a few years ago it still routinely lost money. Snap just raised a pile on the public markets without a plan for profitability at all. You don't need VC gravy to keep going. Snap also lost 20% of its market cap in a single day on a report that it can't grow users or revenue, so maybe not the best thing to use here. Investor storytime as actual business plan is BWM.
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May 19, 2017 17:25
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overdesigned posted:Snap also lost 20% of its market cap in a single day on a report that it can't grow users or revenue, so maybe not the best thing to use here. Investor storytime as actual business plan is BWM. Snap didn't lose any of its operating funds when that happened. My point is that unprofitable companies, especially high-profile ones, can raise funds to operate without needing venture capital. Snap could almost certainly raise more money with a second public offering as soon as next year, though they probably wouldn't enjoy pricing the round. E: do you really think that investor storytime has been BWM for Evan?
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May 19, 2017 17:43
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Snap's shareholders can't even vote, so it's not like they can replace the board even if they wanted to.
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May 19, 2017 17:45
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Nail Rat posted:
Moore's law * autonomous cars = grandma making it to the doctor and grocery store. The technology isn't going to get more expensive with time. We've seen huge leaps ahead in the past few years along, albeit on $100k cars. 15 years is a long time for that to percolate down. Mind you Europe and Japan will have this in their car safety mandates by then and in the USA people will be complaining about 'ma freedums.
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May 19, 2017 17:46
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if you think a company that's never turned a profit will be around in 15 years. That VC gravy train won't last forever.
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H110Hawk posted:Moore's law * autonomous cars = grandma making it to the doctor and grocery store. The technology isn't going to get more expensive with time. We've seen huge leaps ahead in the past few years along, albeit on $100k cars. 15 years is a long time for that to percolate down. Mind you Europe and Japan will have this in their car safety mandates by then and in the USA people will be complaining about 'ma freedums. Yeah, we're talking about how countries like Japan and the EU are going to handle their old people and the answer is automation. Grandma won't even need UberGray to take her to the doctor most times because her Amazon ShowMe will let her video conference with a work-from-home nurse who can do vitals and if necessary conference in a doctor in Bangladesh who is half the cost of a regular physician. We haven't really seen much cost savings in medical technology yet, but most poo poo will get cheaper and easier to use as the most Selfish Generation ages.
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May 19, 2017 17:55
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Krispy Kareem posted:Yeah, we're talking about how countries like Japan and the EU are going to handle their old people and the answer is automation. Grandma won't even need UberGray to take her to the doctor most times because her Amazon ShowMe will let her video conference with a work-from-home nurse who can do vitals and if necessary conference in a doctor in Bangladesh who is half the cost of a regular physician. Grandma presses button and receives monitoring kit in mail from amazon. She wears it overnight and then her gig doctor from India goes over her deets. If she has amazon prime she gets a real doctor.
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May 19, 2017 18:08
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Krispy Kareem posted:Uber will be around. It will be owned by someone else most likely, but the name value and infrastructure are worth billions even if they aren't making any money. This sounds awful, actually.
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May 19, 2017 19:06
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Kirios posted:This sounds awful, actually.
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May 19, 2017 19:22
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U.S. President Donald J. Trump, the man who was so BWM that he ran 3 different casinos that went bankrupt, is... GWM(?) when it comes to horses?quote:President Trump's one-time dabble in horse racing reportedly left a thoroughbred named "D.J. Trump" nearly dead and without front hoofs, The Washington Post reports.
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May 19, 2017 19:35
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quote:“That [Trump] didn't care, that it was just a piece of flesh … That really disturbed him."
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May 19, 2017 19:58
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Why didn't anyone put essential oils on that poor horse's legs
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May 19, 2017 20:47
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Leon Trotsky 2012 posted:U.S. President Donald J. Trump, the man who was so BWM that he ran 3 different casinos that went bankrupt, is... GWM(?) when it comes to horses?
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May 19, 2017 21:36
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Krispy Kareem posted:Uber will be around. It will be owned by someone else most likely, but the name value and infrastructure are worth billions even if they aren't making any money. ...That's a lease. You're talking about a lease.
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May 19, 2017 22:23
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Acebuckeye13 posted:...That's a lease. You're talking about a lease. Calling it a lease is not disruptive enough.
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May 19, 2017 22:45
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Acebuckeye13 posted:...That's a lease. You're talking about a lease. A lease is for a single vehicle with a set timeline. What he's talking about is a car subscription service, like BOOK, where you pay a flat rate every month and continually get cars. They cover insurance and maintenance with unlimited mileage, and you get to switch out cars on the regular (SUV for weekend roadtrips, small sedan for daily driving, etc).
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May 19, 2017 22:46
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Krispy Kareem posted:Robots are Japan's answer, so we'll see how they manage it and adopt the good 'non-killing grandma' parts for our own old people. Robots are just as wildly suited to the task and successful here as they are in any other country, which is to stay, thy aren't. Cool Japan loves to push the idea of hyperroboticisation taking place here, but it's simply a mix of "keep those sweet tourist dollars/attention marbles coming in" and "give us a springboard for the real purpose of robot development, which is selling them to factories and stuff". Japan's actual answer is "continue to exploit young people by preventing them from getting full employment and forcing them into working both a job at the convenience store and a job at the old folks' home and never, never, never considering an increase in the number of migrants we let in to the country permanently". ate all the Oreos posted:Speaking of that and BWM (and also horribly creepy), for only $2700 you can now get your very own anime hologram waifu to pretend your single salaryman life isn't crushingly void and empty: Please stop it with the "wacky Japan" stories. Hey i heard you can go to shooting ranges in the US and fire machine guns at a photo target of your choice, how bout that incredibly violent and murderous everyday society over there amirite?" Also Japan already has a net birth rate of less than zero, but they are scared to death of using immigration to bolster the numbers because a long list of worthless stereotypes they hold about filthy foreigners.
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May 19, 2017 22:54
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kimcicle posted:A lease is for a single vehicle with a set timeline. What he's talking about is a car subscription service, like BOOK, where you pay a flat rate every month and continually get cars. They cover insurance and maintenance with unlimited mileage, and you get to switch out cars on the regular (SUV for weekend roadtrips, small sedan for daily driving, etc). I can't see this ever happening and being profitable but that's never stopped a startup before I guess. That said, Autoshare/Zipcar/etc are great services if you very rarely need cars and want to rent by the hour.
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May 19, 2017 23:02
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Going on /r/personalfinance and filtering with the "Auto" tag to find BWM almost feels like cheatinghttps://www.reddit.com/r/personalfinance/comments/6c5hg4/refinancing_a_car_bought_at_carmax/ posted:I bought a car for my wife last year in June, mostly out of need. Unfortunately just recently buying a house we didnt have much downpayment money so we went with Carmax. The principal balance is still about $15k. We round up from $360/mo to $400/$450. And our APR is 12.95%. How are you paying 13% on an auto loan? Why would you agree to that?! Also, how could we have ever predicted that we would need to buy a $15,000 car right after buying a house? https://www.reddit.com/r/personalfinance/comments/6a72ej/gf_lost_job_and_cant_pay_for_car_lease_what_to_do/ posted:Recently my GF quit her job without having another one lined up, and did so with very little saved. We've been trying to cut back on expenses as much as possible but she still has a car lease (~400/month, 2 years left and currently underwater) and car insurance (130/month) that is holding her back. She also has about 20k in federal student loans on IBR right now which her monthly payments are currently zero. She lost her ACA health insurance and also has a financed phone and phone bill, ~80/month. She's just about to run out of money and tensions are at an all time high. Despite this, we both have a lot of credit available. $400/month for a car you don't even own, and now I'll just quit my job lol
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May 19, 2017 23:47
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You can't be underwater on a lease in a practical sense. You're always underwater on a lease because your payments are a straight line that intersect with the depreciation curve at a point x months in to the future. BWM is not knowing the difference between a loan and a lease.
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May 20, 2017 00:11
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SCA Enthusiast posted:Then again I recently learned that its never been a "health violation" to be barefoot in a grocery store either, and I was always told that as well, so I don't know what's true except that US law is confusing and stupid. I saw some gross backpackers get their commuppance for doing this a few weeks ago when someone dropped a glass jar in the self-checkout area of the supermarket a few weeks ago. Instant karma  (They didn't get their feet cut up or anything, just whinged a bunch and had to stay rooted in place until the employee came and swept everything up. Shoes protect your feet, imagine that!)
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May 20, 2017 00:29
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KYOON GRIFFEY JR posted:You can't be underwater on a lease in a practical sense I had the same comment, then i went and read the thread on reddit and someone said the same thing. The response....... quote:What I mean is it has negative equity from a previous trade in tacked onto it 
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May 20, 2017 00:49
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Wait. That's possible? To do a trade-in for a lease?
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May 20, 2017 00:54
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Krispy Kareem posted:Wait. That's possible? To do a trade-in for a lease? Yup! It's kind of like Oblivion where you replace "Is there a mod for_______" with "There is a mod for__________" and you're highly likely to be correct. Except we're talking about financial products.
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May 20, 2017 01:03
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I can get a car lease with boobs on it?!
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May 20, 2017 01:17
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GoGoGadgetChris posted:I can get a car lease with boobs on it?! Maybe? https://www.youtube.com/watch?v=89hkmQKx9p4
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May 20, 2017 01:22
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KYOON GRIFFEY JR posted:You can't be underwater on a lease in a practical sense. You're always underwater on a lease because your payments are a straight line that intersect with the depreciation curve at a point x months in to the future. Maybe he means she's already over her mileage allowance? You can end up owing a fuckton of extra money at the end of the lease if you really screw the pooch on that.
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May 20, 2017 02:13
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Another Trump and BWM thread topic collision. https://twitter.com/ivankatrump/status/715648874346520576?lang=en
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May 20, 2017 02:21
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Leon Trotsky 2012 posted:Another Trump and BWM thread topic collision. Um... Doesn't the FTC say you need to explicitly mark any tweets you're paid to make? I mean, a Trump could have tweeted about a product out of the kindness of their heart, buuuuuut...
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May 20, 2017 02:52
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Krispy Kareem posted:Um... Ivanka Trump is one of the few people I could imagine legitimately using and enjoying a $699 juicer that requires WiFi and a $40 a week DRM-locked juice bag subscription service.
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May 20, 2017 03:09
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Krispy Kareem posted:Um... How do you think product placement works anywhere?
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May 20, 2017 03:10
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Krispy Kareem posted:Um... Yes, you have to disclose ads but I've also never seen anybody actually punished for failure to do so.
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May 20, 2017 03:11
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pr0zac posted:How do you think product placement works anywhere? Product placement is one thing. If Ivanka had a picture of herself in her kitchen and there was a Juicero in the background then it might pass muster, but tweeting or Instagraming paid endorsements without putting the word "ad" somewhere in the message is a violation of FTC rules. Kim Kardashian has been nabbed by it and even that fat guy in a red sweater during the debates got nailed over it. You have to make clear it's an ad if you are getting paid to post it. It's just a fine. It's not like you're going to jail or anything. But I think she's a government employee now and I'm not sure they're allowed to endorse products without going through an approval process. In other words this is par for the course in Trumpland. Blinkman987 posted:Yes, you have to disclose ads but I've also never seen anybody actually punished for failure to do so. The fat guy in the red sweater got paid to endorse something and I'm pretty sure the fine wiped out everything he was paid. Poor fucker never stood a chance.
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May 20, 2017 03:16
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Leon Trotsky 2012 posted:Ivanka Trump is one of the few people I could imagine legitimately using and enjoying a $699 juicer that requires WiFi and a $40 a week DRM-locked juice bag subscription service. I think between her father, her husband, and her brothers she has plenty of juice bags in her life already.
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May 20, 2017 03:45
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Krispy Kareem posted:It's just a fine. It's not like you're going to jail or anything. But I think she's a government employee now and I'm not sure they're allowed to endorse products without going through an approval process. Check the date, she might get fined but she wasn't a govt employee then.
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May 20, 2017 04:01
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Frankly I'm not sure if Ivanka Trump product placement will generate any positive ROI. Might be more reasonable to buy it for your competitors product
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May 20, 2017 04:04
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Virtue posted:Frankly I'm not sure if Ivanka Trump product placement will generate any positive ROI. Might be more reasonable to buy it for your competitors product Yeah I'm pretty sure the Venn diagram of people who still like donald trump and people who would buy some stupid $700 juice bag squeezing machine looks like a pair of eyeglasses
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May 20, 2017 04:07
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Cold on a Cob posted:Check the date, she might get fined but she wasn't a govt employee then. Yeah, I didn't notice it was 2 months ago. I did go look at her Twitter feed and it's been deleted. Her people probably got a warning letter and they deleted the post.
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May 20, 2017 04:14
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Krispy Kareem posted:Yeah, I didn't notice it was 2 months ago. It was in 2016. And the ftc rule about revealing paid endorsements isn't a rule about government officials.
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May 20, 2017 04:34
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Krispy Kareem posted:
So he's like a typical lottery winner-- get lucky and then blow it all! Super happy that one of the dumbest people on Earth got lucky and then had it all wiped out. Thank you for this.
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May 20, 2017 04:34
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Krispy Kareem posted:Wait. That's possible? To do a trade-in for a lease? It absolutely is and is a total prizewinner when it comes to BWM. Literally doubling down on a bad idea. Not that rolling negative equity in a regular car loan is good either, but doing it for a lease...my God. That said it is possible.
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May 20, 2017 05:41
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