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Question.
This poll is closed.
Yes. 76 50.67%
No. 74 49.33%
Total: 127 votes
[Edit Poll (moderators only)]

 
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facialimpediment
Feb 11, 2005

as the world turns
https://twitter.com/VancityReynolds/status/1385383911195303937

https://www.youtube.com/watch?v=BaWa4ScfQXc&t=110s

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Hot Karl Marx
Mar 16, 2009

Politburo regulations about social distancing require to downgrade your Karlmarxing to cold, and sorry about the dnc primaries, please enjoy!

https://www.youtube.com/watch?v=hAsf9OXSynE

boop the snoot
Jun 3, 2016
I don’t drink but between Ryan Reynolds and Levar Burton I might buy a bottle of Aviation just to show support.

That’s marketing, folks.

facialimpediment
Feb 11, 2005

as the world turns

Didn't see this before either:

https://twitter.com/lancereddick/status/1259639138724098049

Stravag
Jun 7, 2009


This is the positivity i needed today and may last me the rest of the month

Kesper North
Nov 3, 2011

EMERGENCY POWER TO PARTY

ASAPI posted:

Current Event: SA has Dark Mode now

Oh thank god. Something about SA's font on a white background causes me severe eyestrain. It's made me cut back on my posting!!

Duzzy Funlop
Jan 13, 2010

Hi there, would you like to try some spicy products?

Roughly once per year, I dive into a Eric-Andre-related-videos binge on YouTube thinking "lol, I know his schtick, it's just gonna be more of the same, not gonna laugh this time", and I fail every time.

https://www.youtube.com/watch?v=h6V9EtS0Y0s

ElMaligno
Dec 31, 2004

Be Gay!
Do Crime!

TIME TO DELIVER A PIZZA BALLLLLLL

facialimpediment
Feb 11, 2005

as the world turns
Happy Anniversary!

https://twitter.com/ParkerMolloy/status/1385556906757005312

https://twitter.com/mattzap/status/1385641263840497664

Defenestrategy
Oct 24, 2010


I have been on SA for too long, I immediately remembered the X CURES Y user names when I read this.

Hyrax Attack!
Jan 13, 2009

We demand to be taken seriously

Duzzy Funlop posted:

Roughly once per year, I dive into a Eric-Andre-related-videos binge on YouTube thinking "lol, I know his schtick, it's just gonna be more of the same, not gonna laugh this time", and I fail every time.

https://www.youtube.com/watch?v=h6V9EtS0Y0s

I hadn't seen it before and it was fun watching on Hulu. I liked him booking two bands for the closing music and having them play at the same time.

Butter Activities
May 4, 2018

Wikileaks also has no regard for sources, they never follow OPSEC instructions or anything. Just garbage all around.

Glenn Grennwald is also almost certainly why Reality Winner got caught.

Phineas fisher gave data breeches from a corporate spy firm to them and they started publishing as soon as they got them while she was still actively collecting info and told them to wait a day.

Icon Of Sin
Dec 26, 2008



Didn’t realize the SpaceX Dragon capsule launch was today (with 4 astronauts on board, going to ISS), but I saw it this morning on the way to work.



One of my coworkers saw the stage separation, but I missed it :cry:

pantslesswithwolves
Oct 28, 2008

https://twitter.com/orlandosentinel/status/1385581448363716608

Legit thought this was an Onion tweet until I actually read the garbage fire of an op-ed

US Berder Patrol
Jul 11, 2006

oorah

pantslesswithwolves posted:

https://twitter.com/orlandosentinel/status/1385581448363716608

Legit thought this was an Onion tweet until I actually read the garbage fire of an op-ed

my disney experience was ruined by the staff's inclusive haircuts

boop the snoot
Jun 3, 2016
https://twitter.com/cnbc/status/1382780772474576903?s=21

Yeah and Apple didn’t sell a trillion dollars worth of poo poo last year either. Maybe this should be an indicator that the stock market is fraudulent from top to bothahahahaha never mind it’s working as intended.

Comrade Blyatlov
Aug 4, 2007


should have picked four fingers






Dr Bloomfield weighs in:

https://youtu.be/UJNFkNEgLXQ

maffew buildings
Apr 29, 2009

too dumb to be probated; not too dumb to be autobanned

boop the snoot posted:

https://twitter.com/cnbc/status/1382780772474576903?s=21

Yeah and Apple didn’t sell a trillion dollars worth of poo poo last year either. Maybe this should be an indicator that the stock market is fraudulent from top to bothahahahaha never mind it’s working as intended.

Yesterday's tax proposal from Biden created a hellfire of rage from people with $900 in their Robinhood account and no health insurance. Apparently he's intentionally ruining the market and economy as evidenced by the stock market *checks notes* running to the upside out of control in spite of all logic that we're in a dumpster fire as a nation

facialimpediment
Feb 11, 2005

as the world turns
J&J is back to being allowed on a 10-4 vote.

https://twitter.com/DrLeanaWen/status/1385697492080242688?s=19

Of course, the US manufacturing plant is still turbofucked, Merck won't bring their plant online until September, and we only have some doses left from the imported manufacturing.

Blind Rasputin
Nov 25, 2002

Farewell, good Hunter. May you find your worth in the waking world.

What’s wrong with the plant?

Volkova III
Jan 5, 2021

pantslesswithwolves posted:

https://twitter.com/orlandosentinel/status/1385581448363716608

Legit thought this was an Onion tweet until I actually read the garbage fire of an op-ed

I had to sneak through the paywall to read it, but it's somehow even dumber than you think. Unsure where the paragraph breaks appeared in the original, I tried my best. The grammar and punctuation issues are all his, though.

Jonathan VanBoskerck of North Las Vegas, Nevada posted:

A Disney fan writes that changes to rides such as Pirates of the Caribbean are ruining the theme park experience.

My family and I have been loyal Disney customers for decades. We vacation at Disney World every year. We take a Disney cruise every year or two. Consequently, we spend way too much money in Orlando.

Unfortunately, I am strongly rethinking our commitment to Disney and, thus, Orlando. The more Disney moves away from the values and vision of Walt Disney, the less Disney World means to me. Disney is forgetting that guest immersion is at the core of its business model. When I stand in Galaxy’s Edge or Fantasyland, I know I am in a theme park but through immersion and my willingness to set the real world aside, something magical happens. That spell is broken when the immersive experience is shattered by the real world. And boy, has Disney been breaking the immersion.

Recently, Disney announced that cast members are now permitted to display tattoos, wear inclusive uniforms and display inclusive haircuts. Disney did all of this in the name of allowing cast members to express themselves. The problem is, I’m not traveling across the country and paying thousands of dollars to watch someone I do not know express themselves. I am there for the immersion and the fantasy, not the reality of a stranger’s self-expression. I do not begrudge these people their individuality and I wish them well in their personal lives, but I do not get to express my individuality at my place of business. What’s next, is Disney going to end the rule barring on stage cellphone use by cast members as an infringement on self-expression.

More broadly, like many corporations, Disney has been politicizing its business. Full disclosure: I am a Christian and a conservative Republican, so the people who run Disney and I do not see eye to eye. Regardless, corporations have always made politically motivated decisions. Usually, it is due to the desire to make a profit, but sometimes it is due to the values of the people in the corporation. Walt Disney used his corporation to express his patriotism during World War II and his pro-capitalism beliefs afterward. The difference today is that the people who run Disney use social media to scream to the whole world that a decision has been made for political reasons.

Disney is in the process of taking the woke scalpel to the Jungle Cruise. Trader Sam is out because he might offend certain people. Every grown-up in the room realizes that Trader Sam is not a representation of reality and is meant as a funny and silly caricature. It is no more based in racism than every Disney caricature of an out-of-touch white American dad. The next time I ride Jungle Cruise I will not be thinking about the gloriously entertaining puns of the skippers, I will be thinking about Disney’s political agenda. That’s a mood killer.

Disney proclaims that Splash Mountain must change because of its association with “Song of the South.” Disney owns Splash Mountain so it can do what it wants. But if Disney screams at the top of its corporate voice, which is pretty loud, that it is changing it to appease a certain political point of view, now every time I look at the ride I am thinking about politics.

The same with Pirates of the Caribbean. Disney has made significant changes to Pirates of the Caribbean over the years. Whether Disney caved to political pressure or really thought the alterations were necessary is irrelevant. Pirates used to be one of my favorite attractions. My family would always ride it first on our first day at the Magic Kingdom. Now, we do not even ride it every trip. When my family rides Pirates now, each of the changed scenes takes us out of the illusion because they remind us of reality and the politics that forced the changes.

Disney World is going to lose us as customers if it continues down this path. I do not want to have Disney World taken away from us because Disney cares more about politics than happy guests.

This should matter to the people of Orlando because, if Disney drives away customers like me, Orlando loses money. I can take my tourist dollars elsewhere. I would rather keep spending them in Orlando but people like me feel more and more excluded by Disney’s decisions. The parks are less fun because immersion and thus the joy is taking a back seat to politics.

Disney, please return to the values and vision of Walt. The customer experience should be the core of your business model. Immersion should not be sacrificed on the altar of political correctness and appeasing the Twitter mob.

Terrifying Effigies
Oct 22, 2008

Problems look mighty small from 150 miles up.

How is it that everything David Lynch does just becomes even more Lynchian as it ages?

https://twitter.com/Seamus_Malek/status/1385348613950242818

Wingnut Ninja
Jan 11, 2003

Mostly Harmless

Volkova III posted:

I had to sneak through the paywall to read it, but it's somehow even dumber than you think. Unsure where the paragraph breaks appeared in the original, I tried my best. The grammar and punctuation issues are all his, though.

Wow, that's... uh, definitely something.

quote:

Every grown-up in the room realizes that Trader Sam is not a representation of reality and is meant as a funny and silly caricature.

Disney, well known for only catering to grown adults. Definitely no chance this would normalize racist caricatures in the minds of young kids.

I forget where I first read this, but it really makes these peoples' mindset clear when you substitute their use of "political correctness", and now "wokeness", with "treating people with respect".

quote:

I love Disney World, but treating people with respect is ruining the experience.

The problem is, I’m not traveling across the country and paying thousands of dollars to watch someone I do not know treated with respect.

The next time I ride Jungle Cruise I will not be thinking about the gloriously entertaining puns of the skippers, I will be thinking about Disney’s treating people with respect. That’s a mood killer.

When my family rides Pirates now, each of the changed scenes takes us out of the illusion because they remind us of reality and treating people with respect that forced the changes.

Platystemon
Feb 13, 2012

BREADS
The one approved Jungle Cruise script isn’t very good, but that’s not a problem of wokeness.

orange juche
Mar 14, 2012



Wingnut Ninja posted:

Wow, that's... uh, definitely something.


Disney, well known for only catering to grown adults. Definitely no chance this would normalize racist caricatures in the minds of young kids.

I forget where I first read this, but it really makes these peoples' mindset clear when you substitute their use of "political correctness", and now "wokeness", with "treating people with respect".

quote:


When my family rides Pirates now, each of the changed scenes takes us out of the illusion because they remind us of reality and treating people with respect that forced the changes.

"When my family rides Pirates now, my family will look away from me, embarrassed, as I whine loudly about cancel culture and make a loving scene on the ride"

hobbesmaster
Jan 28, 2008

Platystemon posted:

The one approved Jungle Cruise script isn’t very good, but that’s not a problem of wokeness.

And is kind of the point of the ride.

shame on an IGA
Apr 8, 2005

The kind of strong, well constructed arguments one would expect from a Las Vegas district attorney.

C.M. Kruger
Oct 28, 2013
https://twitter.com/boring_as_heck/status/1385604468461379592
https://twitter.com/drasticactionSA/status/1385606514136727556

PookBear
Nov 1, 2008

boop the snoot posted:

https://twitter.com/cnbc/status/1382780772474576903?s=21

Yeah and Apple didn’t sell a trillion dollars worth of poo poo last year either. Maybe this should be an indicator that the stock market is fraudulent from top to bothahahahaha never mind it’s working as intended.

this company has 60 stock holders. Can yall read an article? The stock isn't traded on any market or website its all done "over the counter" which means in person. This is either some flavor of scam or money laundering.

There is a difference between capital and capitalism.

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

PookBear posted:

this company has 60 stock holders. Can yall read an article? The stock isn't traded on any market or website its all done "over the counter" which means in person. This is either some flavor of scam or money laundering.

There is a difference between capital and capitalism.

Over the counter is penny stocks and poo poo. The stuff from the Wolf of Wall Street.

It's a mob front.

boop the snoot
Jun 3, 2016

PookBear posted:

this company has 60 stock holders. Can yall read an article? The stock isn't traded on any market or website its all done "over the counter" which means in person. This is either some flavor of scam or money laundering.

There is a difference between capital and capitalism.

So this isn’t more evidence that the stock market is fraudulent from top to bottom?

Eej
Jun 17, 2007

HEAVYARMS
Some real Israel news tho

https://twitter.com/davidsheen/status/1385523003027566597?s=19

bird food bathtub
Aug 9, 2003

College Slice
99.9999% of the time if you see someone bitching about wokeness or cancel culture it's some white bread rear end in a top hat pissed off that *those* people are getting a seat at the table with America's hundreds of years long dedication to white supremacy beginning to show some teeny tiny cracks.

They're not upset that cancel culture exists they're upset that other people get a say in culture now; that it doesn't exist solely for them like it has since this demon cracker nation's birth. It's supposed to be used on *those* people to keep them in line, not them.

PookBear
Nov 1, 2008

boop the snoot posted:

So this isn’t more evidence that the stock market is fraudulent from top to bottom?

Stocks have roughly two things that drive their price. The first thing is their capital (not capitalism) which is plant, property, and equipment. The second thing is speculation which is generally driven by a companies ability to use their capital to generate profits. Sometimes the second part becomes detached from reality, but at the end of a day if you strip all the bullshit away, a car company still has a lot of machines to make cars.

lightpole
Jun 4, 2004
I think that MBAs are useful, in case you are looking for an answer to the question of "Is lightpole a total fucking idiot".

boop the snoot posted:

So this isn’t more evidence that the stock market is fraudulent from top to bottom?

Penny stocks are a poor metric and don't reflect reality. Its almost by fiat. Its extremely speculative.

Individual stocks or sectors may be overvalued due to human bias. As a whole, I don't think the market is too far off. The economic reality of asset returns is changing.

boop the snoot
Jun 3, 2016
The stock market is fraudulent, is my point you weirdos.

Stultus Maximus
Dec 21, 2009

USPOL May
https://twitter.com/kairyssdal/status/1385627022953574408

PookBear
Nov 1, 2008

boop the snoot posted:

The stock market is fraudulent, is my point you weirdos.

Cole the stock market is not fraudulent.

Midjack
Dec 24, 2007



FrozenVent posted:

Over the counter is penny stocks and poo poo. The stuff from the Wolf of Wall Street.

It's a mob front.

From the Bad with Money thread, more info:

More on this from Bloomberg today:

quote:

The deli
Hometown International Inc., the deli in Paulsboro, New Jersey, that is a $100 million public company for very perplexing reasons, had another good day yesterday. After trading 27,381 shares, total, from the beginning of 2021 until last Thursday, an average of just 353 shares per day, it traded 42,762 shares on Friday — after David Einhorn pointed to its valuation as an example of current market excess — and then 14,989 shares yesterday. It closed at $13.01, up slightly from Friday’s close of $12.99, down slightly from Thursday’s pre-Einhorn close of $13.50.

Last Thursday, the deli was a $100 million public company because you do that calculation by multiplying the number of shares outstanding by the most recent trading price of the stock, even if the stock barely trades; here, the “$100 million” number came from trades worth about $3,900 per day. But now it’s a bit more. Instead of trading a couple of thousand dollars’ worth of stock a day, it traded $212,799 worth of stock yesterday. Instead of getting its very high valuation from a tiny number of trades between, presumably, insiders, it has gotten a lot of public attention while pretty much keeping its valuation.

Actually I am sorry to tell you this, but the valuation is really much higher than that. From Hometown’s Form 10-K, filed last month:

quote:

On April 15, 2020, the Company issued to each shareholder of record on said date: (i) five Class A Warrants, entitling the holder thereof to purchase five shares of the Company’s common stock at an exercise price of $1.25 per share (the “Class A Warrants”), (ii) five Class B Warrants, entitling the holder thereof to purchase five shares of the Company’s common stock at an exercise price of $1.50 per share (the “Class B Warrants”), (iii) five Class C Warrants, entitling the holder thereof to purchase five shares of the Company’s common stock at an exercise price of $1.75 per share (the “Class C Warrants”), and (iv) five Class D Warrants, entitling the holder thereof to purchase five shares of the Company’s common stock at an exercise price of $2.00 per share (the “Class D Warrants”), with each warrant expiring on April 15, 2035 (collectively, the “Warrants”).

The simple valuation math is that Hometown is worth $13.01 (yesterday’s closing price) times 7.8 million (the number of shares outstanding), or about $101 million. But ordinarily companies are valued based on their fully diluted equity value, taking into account stock options and warrants. Here, there are 7.8 million shares, but also an absurd 155.9 million warrants. That represents a fully diluted equity value of almost $1.9 billion.[1]

Hometown raised $2.5 million on April 14, 2020, by selling 2.5 million shares of stock (at a dollar each) to a few big investors in a private sale. The next day, it issued those warrants to all of its shareholders (including the new ones). As far as I can tell, the warrants do not trade with the stock. The result is that if an insider of Hometown sells you his stock, he keeps warrants to buy 20 times as much stock at way-below-market prices. “We have an aggregate of 155,940,080 warrants issued and outstanding which are all currently exercisable,” says the 10-K. “The future issuance of common stock will result in substantial dilution in the percentage of our common stock held by our then existing shareholders.” I don’t really know why a company would issue warrants for 20 times its outstanding shares. But it does have the result that, if the stock price gets high, insiders can sell their stock to outsiders at the new high price and then reload by buying lots more stock at low prices. And then sell it to outsiders again.

I do not want to give you investing advice, but I will say that if you went out and spent $100 million to buy all of the stock of Hometown International — which, again, is a deli — you would end up owning only about 5% of the company.[2] I … I would not personally do that trade? But obviously you do what you want. We are way past my ability to advise here. Look at me, doing math, like an absolute chump.

Elsewhere in deli news, Dan Mangan at CNBC continues to do actual reporting about Hometown:

quote:

[Peter] Coker Sr. is one of several key shareholders in Hometown International mentioned in Securities and Exchange Commission filings, as are entities in Hong Kong and Macao, China.

Public filings show that the entities in Hong Kong are all located on the same floor of the same building there. That is the case for the entities in Macao, as well. In Hong Kong, an investor named Manoj Jain, of Maso Capital Partners, has sole voting and investment power over the Homeland International shares held by each of the three entities, records show.

Coker Sr. personally holds 63,334 shares of Hometown common stock, with warrants for another 1.26 million shares. Coker Sr.’s own company, Tryon Capital, is being paid $15,000 per month through a consulting contract with Hometown.

Coker Sr. has himself been sued for allegedly hiding money from creditors and business-related fraud. He has denied wrongdoing in those cases, one of which settled out of court in recent years in North Carolina. He did not return repeated requests for comment from CNBC.

His partner in Tryon Capital, Peter Reichard, in 2011 entered a plea in a criminal case that led to his conviction for a scheme to illegally contribute thousands of dollars to the successful 2008 campaign of Bev Perdue, a Democrat who was elected that year as North Carolina’s first female governor.

The scheme involved the use of a bogus consulting contract between Tryon Capital Ventures and a fast-food franchisee who wanted to support Perdue. Coker Sr. was not charged in that case.

I dunno, there’s a lot going on at that deli.

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Mr. Nice!
Oct 13, 2005

bone shaking.
soul baking.
The stock market is a bunch of bullshit. It’s a ponzi backed by the us government for the benefit of the wealthiest individuals.

Because of this your only option right now is to buy and hold because the feds cannot let it fail without devastating our entire retirement system.

The market has no relation to reality right now.

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