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Gaius Marius posted:You really think Musk would do that? Just lie on a financial report. That's not even outside of the norm of the financial industry. I mean, have you heard of the term "cooking the books"? Let alone you have auditors who do whatever the hell they want (more than you'd want to know), and analysts who will be sweetened up so hard they'll write whatever you want about a company, good or bad. None of that stuff is considered market manipulation, either.
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Oct 21, 2022 00:11
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Nice little pop this morning. Boy, am I glad I held onto those oil bags back in 2020.
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Oct 21, 2022 04:34
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The CFO and CEO have to sign off on blood that the numbers are correct and can be held personally criminally liable
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Oct 21, 2022 05:08
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Hadlock posted:The CFO and CEO have to sign off on blood that the numbers are correct and can be held personally criminally liable In theory they can be held liable. We could’ve held people personally liable for fraud in ‘08.
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Oct 21, 2022 05:35
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Another quarter another 25% down after hours for SNAP
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Oct 21, 2022 05:41
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tsla has previously been accused of all manner of shenanigans like "selling" cars that aren't actually sold yet on the basis of some presale agreement, putting cars on rented parking lots and calling that dealership inventory, counting cars as built that aren't actually built yet, etc. but that's a bit different from somehow making a bunch of costs disappear from the books. Like if they miscategorize opex then it has to show up in some other expense category and I would like to see some proposal for where it went.
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Oct 21, 2022 07:09
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Leperflesh posted:tsla has previously been accused of all manner of shenanigans like "selling" cars that aren't actually sold yet on the basis of some presale agreement, putting cars on rented parking lots and calling that dealership inventory, counting cars as built that aren't actually built yet, etc. The most likely culprit is they are capitalizing current period expenses ala mci/world com. It’s a hassle to take apart their financials and figure it out though.
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Oct 21, 2022 07:59
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Leperflesh posted:tsla has previously been accused of all manner of shenanigans like "selling" cars that aren't actually sold yet on the basis of some presale agreement, putting cars on rented parking lots and calling that dealership inventory, counting cars as built that aren't actually built yet, etc. Debit a capital account instead. Or pay for it through a completely separate entity that is not included in the consolidated financials. Or maybe the opex figures are correct and he's moved on to "selling" cars that haven't even been made yet and therefor incur no manufacturing expenditure. That said, it is possible that as a company gets better at the things it does improvements in efficiency result in opex remaining stable while while revenues grow. But it's Musk so my money is on fraud.
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Oct 21, 2022 08:51
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what were the largest market cap bubble stocks in the great financial crisis? were there any real 'bubble' stocks then? things that took off from low mkt cap in ~2005-6 and crashed to below original cap 2 years later?
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Oct 21, 2022 13:42
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ahahahhahaha. Musk really is desperate for money. He's totally unhinged. https://twitter.com/elonmusk/status/1582547658039623680?t=MEwijYLrF4ofgEDQ4lPSEA&s=19 Also said he may have to sell *another* $5B of tesla but the stock will bounce back (lol). Article inside tradingview, I can't find source. Still chilling on apple and meta puts indefinitely as I wait for market to catch up.
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Oct 21, 2022 13:57
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pmchem posted:what were the largest market cap bubble stocks in the great financial crisis? were there any real 'bubble' stocks then? things that took off from low mkt cap in ~2005-6 and crashed to below original cap 2 years later? Different era, still a fascinating crash: https://twitter.com/doctorow/status/1583143915607060481?t=YtPYEbO3nNNoBUbSf33Rhg&s=19
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Oct 21, 2022 17:15
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pmchem posted:what were the largest market cap bubble stocks in the great financial crisis? were there any real 'bubble' stocks then? things that took off from low mkt cap in ~2005-6 and crashed to below original cap 2 years later? Bear Stearns, Lehman. GFC wasn’t really a stock market bubble popping, everything crashed because of a generalized funding crisis because a credit bubble popped and took stocks with it.
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Oct 21, 2022 17:16
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gay picnic defence posted:Or maybe the opex figures are correct and he's moved on to "selling" cars that haven't even been made yet and therefor incur no manufacturing expenditure. Manufacturing expense shows up as cost of revenue, and it is increasing. In fact tesla's gross margin is actually down YoY. But they are definitely doing something suspicious in the opex category. For example their SG&A (sales, general, and administrative) expenses are actually down slightly YoY. This suggests they are so operationally efficient that there is literally zero additional sales/general/admin expense to move 55% more revenue. It also leads to this fun chart from their presentation, which, lol 
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Oct 21, 2022 17:34
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I still have my cue cat. The Wikipedia article on the guy who invented them is extremely long, he's like an old school serial scam salesman Edit: he waded into the middle of the 2020 presidential election too https://en.wikipedia.org/wiki/J._Hutton_Pulitzer Hadlock fucked around with this message at 19:53 on Oct 21, 2022 |
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Oct 21, 2022 18:14
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Space Fish posted:Different era, still a fascinating crash: My mom got me one of these for Christmas or a birthday or something. I don't know why. I never used it.
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Oct 22, 2022 03:53
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gently caress Cory Doctorow, self promoting rear end in a top hat cashing in on DCMA drama.
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Oct 22, 2022 05:52
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Well, I guess a thing in China happened. Good luck to holders of Alibaba (BABA) next week. Invasion soon methinks.
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Oct 23, 2022 00:59
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This? https://www.reuters.com/world/china/former-chinese-president-hu-jintao-escorted-out-party-congress-2022-10-22/quote:
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Oct 23, 2022 01:07
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Hadlock posted:This? https://www.reuters.com/world/china/former-chinese-president-hu-jintao-escorted-out-party-congress-2022-10-22/ I doubt they publicly escorted him out then tried to hide it in their media, it would be a publicized power play if that was in fact what happened. Word is he has alzhemier’s and was escorted in as well. The media sure is running with it though
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Oct 23, 2022 17:35
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https://twitter.com/wabuffo/status/1584534702228402176?s=20&t=wH0wMTQVCV017Q90V75LXQ My Tabloola (TBLA) loss doesn't seem so painful next to this. Even Charlie can make mistakes I guess. Choose your adventure: "I think Alibaba (BABA) is selling an incredible price and will double next year!" turn to page 65 or "BABA is now falling $30/share and is delisted out of the NYSE - I'm loosing my shirt on this. OMG China's ships are surrounding Taiwan we are so Fu**ed!!" turn to page 40
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Oct 24, 2022 15:41
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Could be worse. I bought some shares of a Russian Index Fund last year. Can't even sell it at this point to claim capital loss deduction on my taxes, worse than worthless.
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Oct 24, 2022 17:00
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Subvisual Haze posted:Could be worse. I bought some shares of a Russian Index Fund last year. Can't even sell it at this point to claim capital loss deduction on my taxes, worse than worthless. What was your plan there
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Oct 24, 2022 17:43
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Subvisual Haze posted:Could be worse. I bought some shares of a Russian Index Fund last year. Can't even sell it at this point to claim capital loss deduction on my taxes, worse than worthless. I know at fidelity at least, you should be able to contact support and "sell" these to your broker for $0. Specifically for situations where you want to realize a loss on something that doesn't trade anymore.
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Oct 24, 2022 17:45
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Gaius Marius posted:What was your plan there What is this "plan" you speak of? We're just gambling here.
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Oct 24, 2022 17:59
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US department of Justice plans announcement today on a "serious security" matter. Is it the TikTok ban we've all been waiting for? Facebook (META) could jump on the news... maybe maybe...
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Oct 24, 2022 18:39
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If meta jumps I'm buying puts Facebook's video platform looks like a parody of itself
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Oct 24, 2022 18:50
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Hadlock posted:If meta jumps I'm buying puts It has legit ballooned up to MySpace levels of clutter and garbage profiles. It's obviously dying off.
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Oct 24, 2022 21:38
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Toxic Mental posted:It has legit ballooned up to MySpace levels of clutter and garbage profiles. It's obviously dying off. Marketplace and Groups are going to keep it relevant for a while. There are a surprising amount of communities these days where the largest most active 'forum' is the FB group (which other than just being on FB, is extra terrible because searching for past posts and consolidating informative threads sucks so people just ask the same answered questions over and over again). And Marketplace has taken over Craigslist for a lot of people. FB for keeping in touch with friends and posting pics of your life (even if a lot of this has moved to ig which is still Meta) is definitely dying or dead for a lot of age groups outside of maybe boomers, but for me having a FB account in 2022 is actually more functionally useful (for info available in groups and the local used by/sell marketplace) than it was 10 years ago (which I hate).
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Oct 24, 2022 21:53
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ARTPUP posted:US department of Justice plans announcement today on a "serious security" matter. Is it the TikTok ban we've all been waiting for? Facebook (META) could jump on the news... maybe maybe... no, some chinese guys tried to bribe an FBI double agent with bitcoin
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Oct 24, 2022 21:53
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Splinter posted:Marketplace and Groups are going to keep it relevant for a while. There are a surprising amount of communities these days where the largest most active 'forum' is the FB group (which other than just being on FB, is extra terrible because searching for past posts and consolidating informative threads sucks so people just ask the same answered questions over and over again). And Marketplace has taken over Craigslist for a lot of people. FB for keeping in touch with friends and posting pics of your life (even if a lot of this has moved to ig which is still Meta) is definitely dying or dead for a lot of age groups outside of maybe boomers, but for me having a FB account in 2022 is actually more functionally useful (for info available in groups and the local used by/sell marketplace) than it was 10 years ago (which I hate). This drives me loving insane but it is the truth. Looking from the future, we are in one of the information age dark pockets, so much information is hidden in non-indexable areas. BlackMK4 fucked around with this message at 23:04 on Oct 24, 2022 |
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Oct 24, 2022 22:38
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https://twitter.com/TheStreet/status/1582391367451672580?s=20&t=NC535-2lVHDvpt4VC2YVNw phillies in WS, game 1 on Friday
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Oct 25, 2022 01:12
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pmchem posted:https://twitter.com/TheStreet/status/1582391367451672580?s=20&t=NC535-2lVHDvpt4VC2YVNw The only thing that can save our economy now is the Houston Astros. oh no
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Oct 25, 2022 07:29
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LanceHunter posted:The only thing that can save our economy now is the Houston Astros. the Travis Scott blood sacrifice has paid off this far, have faith.
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Oct 25, 2022 15:08
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Bring back the garbage can, the economy depends on it
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Oct 25, 2022 17:18
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Everyone hovering over "sell" on their meme stocks today, or what?
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Oct 25, 2022 18:42
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Space Fish posted:Everyone hovering over "sell" on their meme stocks today, or what? I'm hovering over "sell" on my plasma at this point.
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Oct 26, 2022 05:42
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shame on an IGA posted:the Travis Scott blood sacrifice has paid off this far, have faith. The incantation: 
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Oct 26, 2022 19:22
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2DTE INTC earnings puts? Can't go tits up, right?
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Oct 26, 2022 20:21
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Just quoting my own post again because lmao it's at $6.64 still, these guys' calls all burned to a crispToxic Mental posted:https://clips.twitch.tv/CovertFancyPorpoiseFloof-v9xN1FhNAepuy5hw
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Oct 26, 2022 22:05
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 at META
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Oct 27, 2022 03:18
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