Companies Circling The Drain: What about Chapter Elevenses?

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Tunicate: May 15, 2012

Ghost Leviathan posted:

Most Wikipedia plot summaries are completely incomprehensible from what I've seen. They seem to be written by aliens who have no concept of what a narrative is.

The sesame street movie summaries used to obviously be written by 5 year olds but some killjoy made them generically professional

# ? Jan 25, 2024 03:24

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# ? May 17, 2024 04:44

Zero One: Dec 30, 2004; HAIL TO THE VICTORS!

Adam Neumann is trying to buy WeWork back. But...

quote:

We talked yesterday about Adam Neumann�s apparent desire to buy WeWork Inc. out of bankruptcy. Neumann�s lawyer[6] sent WeWork�s lawyers a letter on Monday �to express our dismay with WeWork's lack of engagement even to provide information to my clients in what is intended to be a value-maximizing transaction for all stakeholders�: WeWork does not seem to be talking constructively with Neumann, even though he �consistently expressed [his] sincere interest in purchasing WeWork or its assets out of bankruptcy, and/or providing the Debtors with DIP financing.� The letter also notes that Neumann is �partnering with well-known capital sources including Dan Loeb's Third Point LLC and others� to try to buy or finance WeWork.

Here is an amazing fact about that partnership:

Third Point told the Financial Times it had held �only preliminary conversations with Flow [Neumann�s property company] and Adam Neumann about their ideas for WeWork, and has not made a commitment to participate in any transaction�.

Executives from Third Point, Japanese conglomerate SoftBank and Neumann last held an official meeting to discuss a potential bid for the company in October, people familiar with the process said.

It�s February! If you are dropping Third Point�s name now, and you last had �preliminary conversations� with them in October, that suggests that your bid is not all that real. If you had any better meetings with anyone else since October, you�d be dropping their name rather than Third Point�s.

There is always a chicken-and-egg quality to these things: Neumann obviously can�t line up committed financing to buy WeWork without getting due diligence information and some engagement from WeWork, and he can�t get serious engagement from WeWork without credible financing. Still, you can sort of understand why WeWork is not engaging with Neumann. Besides the obvious reasons!

Elsewhere, the Wall Street Journal reports that �Neumann courted a group of WeWork�s largest creditors to try and convince them that they should support his efforts to line up a bid for the company, but they declined, according to people familiar with the talks.� Did that group include SoftBank Group Corp.? I feel like if I ran SoftBank�s WeWork investment at this point, I would sell it all to Adam Neumann for $1 and a legally binding promise that I would never hear from him again.

# ? Feb 7, 2024 21:13

FlamingLiberal: Jan 18, 2009; Would you like to play a game?

Yeah no poo poo, why the hell would SoftBank agree to work with Neumann again after he blew so much of their money the first time?

# ? Feb 7, 2024 21:37

Vegetable: Oct 22, 2010

He�s not proposing to �work with� SoftBank; he wants to buy them out. WeWork is obviously a wash so it�s probably a good idea for them to sell, even to him. Though that would obviously be hugely humiliating.

# ? Feb 7, 2024 22:31

xarph: Jun 18, 2001

Never underestimate the ability of Masayoshi Son to make a really stupid decision.

# ? Feb 8, 2024 04:52

FlamingLiberal: Jan 18, 2009; Would you like to play a game?

Macys is continuing to struggle.

https://twitter.com/axios/status/1762456700143960110?s=46&t=BHs6Pl38GJXGN2Y4xeriNA

One of the stores being closed is their giant SF downtown store

# ? Feb 27, 2024 21:56

Coasterphreak: May 29, 2007; I like cookies.

Tbh any department store that doesn�t adopt the JCPenny model (smaller footprint in strip malls) is gonna be dead in our lifetimes. Giant multistory 100000 square foot outlets are a thing but f the past.

# ? Feb 29, 2024 04:40

CJacobs: Apr 17, 2011; Reach for the moon!

The city is turning one of the empty anchor stores at my local shopping mall into an indoor pickleball court :3:

# ? Feb 29, 2024 10:18

The Moon Monster: Dec 30, 2005

credburn posted:

Growing up in the 90s, you sure heard allusions to "The Swimsuit Issue" a lot in sitcoms

The guy who used to live at my address gets Sports Illustrated. Still no swimsuit issue :reject:

# ? Feb 29, 2024 11:57

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

The Moon Monster posted:

The guy who used to live at my address gets Sports Illustrated. Still no swimsuit issue

I'm sure the statute of limitations is over so....

I worked in my high school library. They would hold on to but not display the SI swimsuit editions. I had a scanner at home and access to a door that wouldn't go "beep" when you smuggled out library stuff...

For kids who had computers but no internet my lovely jpegs of pretty women in swimsuits was good money. Steal, scan, return, sell floppies.

# ? Feb 29, 2024 17:12

PhazonLink: Jul 17, 2010

do you remember any details from your biz?

like how long does a scan take, writing to floppy? or even make a rpint out?

# ? Feb 29, 2024 17:54

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

PhazonLink posted:

do you remember any details from your biz?

like how long does a scan take, writing to floppy? or even make a rpint out?

Packard Bell pizza box 166 connected to a ??? scanner. You gently remove the staples from the magazine so you can lay the pages flat and re-insert them after scanning and return them to the library archives. Each page was probably 15mins? and I could fit like 3 on a 1.44 floppy if I didn't shrink and destroy them. 90% of the pages didn't have pretty women in swimsuits so not worth scanning. The initial time investment was huge but after that I had the files. There are probably some old SI swimsuit scans out there from me. You'll be able to tell by the poo poo quality.

This was right before anyone could just internet up real porn and so didn't last long.

# ? Feb 29, 2024 18:05

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

Hand me a clean floppy and your lunch money and you get to go home tomorrow and jerk off to low quality Kylie Ireland bikini pics.

EDIT: Kathy Ireland, Kylie is an old porn star. I didn't have those pics

# ? Feb 29, 2024 18:08

DrBouvenstein: Feb 28, 2007; I think I'm a doctor, but that doesn't make me a doctor. This fancy avatar does.

FlamingLiberal posted:

Macys is continuing to struggle.

https://twitter.com/axios/status/1762456700143960110?s=46&t=BHs6Pl38GJXGN2Y4xeriNA

One of the stores being closed is their giant SF downtown store

Just turn them all into high schools:
https://www.usatoday.com/story/news/education/2021/03/31/vermont-macys-turned-high-school-what-downtown-burlington-looks-like/4818514001/
https://www.buzzfeednews.com/article/laurenstrapagiel/burlington-vermont-high-schools-in-a-macys

# ? Feb 29, 2024 18:35

Wild EEPROM: Jul 29, 2011; oh, my, god. Becky, look at her bitrate.

Don�t worry guys they�re gonna get out of this problem by using ai somehow

# ? Feb 29, 2024 19:21

Platystemon: Feb 13, 2012; BREADS

Wild EEPROM posted:

Don�t worry guys they�re gonna get out of this problem by using ai somehow

I see that you have been subjected to the same radio news reports that I have.

# ? Feb 29, 2024 23:57

Spazzle: Jul 5, 2003

Wild EEPROM posted:

Don’t worry guys they’re gonna get out of this problem by using ai somehow

MAIcy's

# ? Mar 1, 2024 00:03

FlamingLiberal: Jan 18, 2009; Would you like to play a game?

I would be surprised if they survive long term when they have to compete with Michael's and Hobby Lobby, among others. Plus I just don't know if those kinds of craft things are going to be a sustainable business model as time goes on.

https://twitter.com/NBCNews/status/1769748230546354256?s=20

# ? Mar 18, 2024 16:58

ChickenOfTomorrow: Nov 11, 2012; god damn it, you've got to be kind

thread called Joann fabrics months ago, goons stay winning

# ? Mar 18, 2024 17:16

Coasterphreak: May 29, 2007; I like cookies.

Joann has been on the way out for ages because all of its customers are dead.

Michael�s is sliding by on hobby crap and school project stuff for children, plus a decent selection of seasonal stuff that you really can�t get elsewhere now that party city is gone.

Hobby Lobby gets the Jesus crowd, so unfortunately they�ll stick around.

# ? Mar 18, 2024 19:07

hawowanlawow: Jul 27, 2009

another badge on the millenial jacket baby

# ? Mar 18, 2024 19:10

FlamingLiberal: Jan 18, 2009; Would you like to play a game?

Coasterphreak posted:

Joann has been on the way out for ages because all of its customers are dead.

Yeah even when I was a lot younger I always felt like those stores were more aimed at retired people

# ? Mar 18, 2024 19:17

Wayne Knight: May 11, 2006

Coasterphreak posted:

now that party city is gone.

Is this a regional thing maybe? There is a party city in the same shopping center as Joann near me and I was just thinking �how is this store still here?�

I like Joann. Good fabric selection. I think it�s popular with cosplayers.

# ? Mar 18, 2024 19:24

JacquelineDempsey: Aug 6, 2008; Women's Circuit Bender Union Local 34

Wayne Knight posted:

Is this a regional thing maybe? There is a party city in the same shopping center as Joann near me and I was just thinking “how is this store still here?”

I like Joann. Good fabric selection. I think it’s popular with cosplayers.

My Joann definitely leans into cosplayers, most of the encaps have full displays of finished patterns of the basic suit patterns along with cool tips on how to improvise effects.

Joann also is really the only one that can call them self a "fabric store", right? I think I remember Michaels maybe getting seasonal bolts in, Hobby lobby I don't know because even if they weren't on the far side of town I wouldn't shop there.

# ? Mar 18, 2024 19:53

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

JacquelineDempsey posted:

My Joann definitely leans into cosplayers, most of the encaps have full displays of finished patterns of the basic suit patterns along with cool tips on how to improvise effects.

Joann also is really the only one that can call them self a "fabric store", right? I think I remember Michaels maybe getting seasonal bolts in, Hobby lobby I don't know because even if they weren't on the far side of town I wouldn't shop there.

Michaels I think carries some fabric, not sure if it's in bolts or if they have a cutting station. Hobby Lobby I don't know. Joann carries a LOT and have a cutting station. I know some Wal-Marts years ago had a good selection of bolts but no cutting station? Been a long time since I've perused fabric.

If Joann Fabrics dies that just leaves internet shops where you just have to hope instead of being able to see and feel it. This is gonna suck for people who sew a lot.

# ? Mar 18, 2024 20:28

Trabant: Nov 26, 2011; All systems nominal.

Yeah, it would certainly be a loss, at least if you don't have dedicated fabric stores in town. We have a few in Austin, but I suspect they're all also hanging on by a thread :haw:

I don't even sew, but I do line boxes and cases. Being able to see/touch fabrics in person is hugely helpful.

# ? Mar 18, 2024 20:38

Coasterphreak: May 29, 2007; I like cookies.

Desert Bus posted:

Michaels I think carries some fabric, not sure if it's in bolts or if they have a cutting station. Hobby Lobby I don't know. Joann carries a LOT and have a cutting station. I know some Wal-Marts years ago had a good selection of bolts but no cutting station? Been a long time since I've perused fabric.

If Joann Fabrics dies that just leaves internet shops where you just have to hope instead of being able to see and feel it. This is gonna suck for people who sew a lot.

Walmart killed their fabric when they needed somewhere to put groceries.

# ? Mar 18, 2024 22:46

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

Coasterphreak posted:

Walmart killed their fabric when they needed somewhere to put groceries.

I'm pretty sure it was in the old Wal-Mart before they built the super Wal-Mart so maybe if you can find an old non-super Wal-Mart they might still have a sad fabric section.

# ? Mar 18, 2024 22:49

the holy poopacy: May 16, 2009; hey! check this out; Fun Shoe

JacquelineDempsey posted:

My Joann definitely leans into cosplayers, most of the encaps have full displays of finished patterns of the basic suit patterns along with cool tips on how to improvise effects.

Joann also is really the only one that can call them self a "fabric store", right? I think I remember Michaels maybe getting seasonal bolts in, Hobby lobby I don't know because even if they weren't on the far side of town I wouldn't shop there.

Last I checked Hobby Lobby does have a fabric section, mostly consisting of prints that look to have been on the shelf since the 70s.

# ? Mar 19, 2024 02:53

Sir Lemming: Jan 27, 2009; It's a piece of JUNK!

the holy poopacy posted:

Last I checked Hobby Lobby does have a fabric section, mostly consisting of prints that look to have been on the shelf since the 70s.

And a few manuscripts from 70 AD

# ? Mar 19, 2024 03:09

rydiafan: Mar 17, 2009

Joann needed to court this valuable market more.

https://www.youtube.com/watch?v=PLmD_69pXpk

# ? Mar 19, 2024 03:20

Tars Tarkas: Apr 13, 2003; Rock the Mok

A nasty woman, I think you should try is, Jess.

The Walmart near my work has a fabric section and the Taco Bell that was the cheapest lunch in the area until the prices got jacked up

# ? Mar 19, 2024 03:34

Mustached Demon: Nov 12, 2016

Sir Lemming posted:

And a few manuscripts from 70 AD

Those are fake.

# ? Mar 19, 2024 03:41

No. 6: Jun 30, 2002

rydiafan posted:

Joann needed to court this valuable market more.

https://www.youtube.com/watch?v=PLmD_69pXpk

They talk like that Gerblin video. Wretched.

# ? Mar 19, 2024 13:54

Volmarias: Dec 31, 2002; EMAIL... THE INTERNET... SEARCH ENGINES...

They're genuinely having a better time than I have in years. I cannot be mad at them for having joy as high school age weirdos.

# ? Mar 19, 2024 16:05

hawowanlawow: Jul 27, 2009

you don't have to be mad to make fun of them

# ? Mar 19, 2024 16:12

SweetMercifulCrap!: Jan 28, 2012; Lipstick Apathy

It's a fun little time capsule of 00's RaWr lolrandom XD

# ? Mar 19, 2024 17:27

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

They did a reaction video a few years ago:

https://www.youtube.com/watch?v=4OS2qN80J7s

# ? Mar 19, 2024 18:30

Biplane: Jul 18, 2005

Desert Bus posted:

They did a reaction video a few years ago:

https://www.youtube.com/watch?v=4OS2qN80J7s

That owns

# ? Mar 19, 2024 18:59

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# ? May 17, 2024 04:44

rydiafan: Mar 17, 2009

Volmarias posted:

They're genuinely having a better time than I have in years. I cannot be mad at them for having joy as high school age weirdos.

Yeah, honestly when I watch it now I'm just happy to see somebody finding that much joy in life in a way that doesn't hurt anybody.

# ? Mar 20, 2024 15:51

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