StrangeSox Posted February 16, 2017 Share Posted February 16, 2017 Financial Times ✔ @FT Good morning America. Our top story - Snapchat sets valuation as high as $22.2bn ahead of IPO http://on.ft.com/2lOtQLc 6:33 AM - 16 Feb 2017 How on earth is a company like Snapchat valued at $22.2bn? A global manufacturer who makes millions of cars a year like Ford is only valued at $50bn. There's got to be a gigantic looming tech bubble out there. Link to comment Share on other sites More sharing options...
CrimsonWeltall Posted February 16, 2017 Share Posted February 16, 2017 QUOTE (StrangeSox @ Feb 16, 2017 -> 04:14 PM) How on earth is a company like Snapchat valued at $22.2bn? A global manufacturer who makes millions of cars a year like Ford is only valued at $50bn. There's got to be a gigantic looming tech bubble out there. They've manufactured 384 million photos of people with dog noses and ears in the last 3 months Link to comment Share on other sites More sharing options...
bmags Posted February 16, 2017 Share Posted February 16, 2017 While 22 billion is certainly high, Snapchat has been very successful in selling their ads compared to twitter. Brands and others have flocked to it. Link to comment Share on other sites More sharing options...
StrangeSox Posted April 7, 2017 Share Posted April 7, 2017 US economy only added 98k jobs in March. Link to comment Share on other sites More sharing options...
bmags Posted April 7, 2017 Share Posted April 7, 2017 QUOTE (StrangeSox @ Apr 7, 2017 -> 08:36 AM) US economy only added 98k jobs in March. Overall this was actually a pretty good report. Link to comment Share on other sites More sharing options...
bmags Posted April 7, 2017 Share Posted April 7, 2017 Any of the financial people want to explain how this works and why they'd do it? http://www.businessinsider.com/spotify-is-...t-an-ipo-2017-4 Am I correct that it basically allows investors to offload their stock on a public market but it is not issuing new stock? Link to comment Share on other sites More sharing options...
Chisoxfn Posted April 13, 2017 Share Posted April 13, 2017 Brutal. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 13, 2017 Share Posted April 13, 2017 QUOTE (StrangeSox @ Feb 16, 2017 -> 09:14 AM) How on earth is a company like Snapchat valued at $22.2bn? A global manufacturer who makes millions of cars a year like Ford is only valued at $50bn. There's got to be a gigantic looming tech bubble out there. Just compare Tesla to Ford right now. Crazy. Link to comment Share on other sites More sharing options...
Chisoxfn Posted April 13, 2017 Share Posted April 13, 2017 I presume KPMG will be hit very hard over this. The real question I have is how wide spread / prevalent was the use of the information. How widely were they sharing the information and what happened. Ultimately it is leaders at the top, but you had that previously. For KPMG this is the second managing partner in like 5 years to get hit with a big issue. I don't remember if the other one was the audit managing partner or what, but a few years back one of their managing partners was hit for insider trading. Obviously this is not Enron as this is more related to inspection items, so slightly different, but still extremely bad and looks poorly. Guarantee many audit committees will be discussing during their next board meetings, especially those who are audited by KPMG. One big thing to remember is that all of these companies are big though, so 99% of people working and doing and all other things associated are probably fine. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 14, 2017 Share Posted April 14, 2017 (edited) Let's hope it doesn't come out that Donald Trump, Jr., has a financial interest involved here...although my recollection is that the chain is privately held. PITTSBURGH (AP) -- Donald Trump Jr. has taken to Twitter to mock a group of Pittsburgh college students opposed to the addition of a Chick-fil-A restaurant to their campus. A student newspaper at Duquesne University reports that a student government representative last month proposed asking the university to reconsider the addition of a Chick-fil-A. Niko Martini told The Duquesne Duke that Chick-fil-A "has a questionable history on civil rights and human rights." Trump Jr. tweeted a link to an article on the controversy Thursday and wrote: "Luckily these students wont likely have to tackle issues more stressful than a yummy chicken sandwich in their lives... Oh Wait #triggered" Chick-fil-A CEO Dan Cathy has publicly spoken about his opposition to gay marriage. The Atlanta-based company said in a statement Thursday: "Everyone is welcome in our restaurants." https://www.yahoo.com/finance/news/trump-jr...-183433674.html Greg775? These freaks want to force little girls to share their restrooms with mentally ill men wearing dresses. If I catch one anywhere near my daughter. It's gender 'reassignment' surgery will be performed There.. on the spot BY ME FOR FREE with no anesthesia. Snap your fingers at THAT- SNOWFLAKES Too vitriolic/confrontational, I think... Edited April 14, 2017 by caulfield12 Link to comment Share on other sites More sharing options...
iamshack Posted April 25, 2017 Share Posted April 25, 2017 So today I sold off my largest single position AAPL, as I am sensing some short-term downside risk in the near future... Looking for something to do with this cash.... What a crazy time to be an investor. Link to comment Share on other sites More sharing options...
iamshack Posted April 25, 2017 Share Posted April 25, 2017 Thank you, Chipotle. Link to comment Share on other sites More sharing options...
StrangeSox Posted April 26, 2017 Share Posted April 26, 2017 From a few weeks back, but that report on Well Fargo's sales tactics was pretty brutal http://www.marketwatch.com/story/10-shocki...ices-2017-04-10 Link to comment Share on other sites More sharing options...
iamshack Posted April 26, 2017 Share Posted April 26, 2017 QUOTE (StrangeSox @ Apr 26, 2017 -> 06:57 AM) From a few weeks back, but that report on Well Fargo's sales tactics was pretty brutal http://www.marketwatch.com/story/10-shocki...ices-2017-04-10 I absolutely f***ing hate that bank. I had an issue with them about 5 years ago and refuse ever deal with them in any capacity again whatsoever. I even had a car dealer attempt to setup my financing with them, and I said I will take a higher rate to avoid dealing with them. Link to comment Share on other sites More sharing options...
StrangeSox Posted April 27, 2017 Share Posted April 27, 2017 In the span of about 12 hours, the Trump admin started making a bunch of noise about pulling out of NAFTA as quickly as this week, and now Trump has said "nah, nevermind" after talking to Canada and Mexico. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 27, 2017 Share Posted April 27, 2017 (edited) He's really DESPERATE for any positive news with this 100 day deadline. Launching the tax "reform" crusade way before Congress was ready, providing no details and pissing off all the members of Congress who have been working behind the scenes for the last year...par for the course. What does he have left? Attacking North Korea? Touting the stock market returns again? Edited April 27, 2017 by caulfield12 Link to comment Share on other sites More sharing options...
StrangeSox Posted April 27, 2017 Share Posted April 27, 2017 John Harwood ✔ @JohnJHarwood Spicer says, after conflicting signals yesterday, that Trump tax plan would remove tax preferences for 401K retirement accounts 12:43 PM - 27 Apr 2017 It also eliminates the ability to deduct state and local taxes. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 27, 2017 Share Posted April 27, 2017 QUOTE (StrangeSox @ Apr 27, 2017 -> 11:52 AM) It also eliminates the ability to deduct state and local taxes. Which has a disproportionate effect in many blue states like NY. Link to comment Share on other sites More sharing options...
StrangeSox Posted April 28, 2017 Share Posted April 28, 2017 The Benefits of Economic Expansion are Increasingly Going to the Richest Americans Link to comment Share on other sites More sharing options...
southsider2k5 Posted April 28, 2017 Share Posted April 28, 2017 Over the same period of time the share of the GDP that belongs to the US government has also kept on a steady upward trajectory, which is not a coincidence. When your income is locked into the government, there is no room for growth. That is happening to more and more of the economy. It is also borne out with the labor force participation rate continuing to crash. You aren't going to grow wealth on social security, on disability, on unemployment or any other governmental paycheck. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 28, 2017 Share Posted April 28, 2017 The Picketty book (Capital in the 21st Century) a couple of years ago covered this exceedingly well...and looked at corresponding European examples. Link to comment Share on other sites More sharing options...
StrangeSox Posted May 1, 2017 Share Posted May 1, 2017 QUOTE (southsider2k5 @ Apr 28, 2017 -> 04:07 PM) Over the same period of time the share of the GDP that belongs to the US government has also kept on a steady upward trajectory, which is not a coincidence. When your income is locked into the government, there is no room for growth. That is happening to more and more of the economy. It is also borne out with the labor force participation rate continuing to crash. You aren't going to grow wealth on social security, on disability, on unemployment or any other governmental paycheck. Organized labor also fell steadily. So did manufacturing jobs. Productivity gains and wage increases became decoupled. The economy became increasingly financialized. The salaries between upper level executives and the rest of the workforce diverged quicker and quicker. And actually, the federal budget as a share of national GDP has been more or less steady with some up and down modulation for the past several decades: https://fred.stlouisfed.org/series/FYONGDA188S Link to comment Share on other sites More sharing options...
caulfield12 Posted May 1, 2017 Share Posted May 1, 2017 QUOTE (StrangeSox @ May 1, 2017 -> 08:01 AM) Organized labor also fell steadily. So did manufacturing jobs. Productivity gains and wage increases became decoupled. The economy became increasingly financialized. The salaries between upper level executives and the rest of the workforce diverged quicker and quicker. And actually, the federal budget as a share of national GDP has been more or less steady with some up and down modulation for the past several decades: https://fred.stlouisfed.org/series/FYONGDA188S And exactly who has been trying to destroy organized labor since the 1980's? http://mashable.com/2017/04/25/iphone-fact...a/#jPkJYAa5Xmq2 NYU student goes undercover in Chinese iPhone factory...those jobs are never coming back, not to China, either. Link to comment Share on other sites More sharing options...
southsider2k5 Posted May 1, 2017 Share Posted May 1, 2017 QUOTE (StrangeSox @ May 1, 2017 -> 09:01 AM) Organized labor also fell steadily. So did manufacturing jobs. Productivity gains and wage increases became decoupled. The economy became increasingly financialized. The salaries between upper level executives and the rest of the workforce diverged quicker and quicker. And actually, the federal budget as a share of national GDP has been more or less steady with some up and down modulation for the past several decades: https://fred.stlouisfed.org/series/FYONGDA188S When the bottom 20% of the country is on governmental incomes of one sort or another, they aren't going to build wealth. As that percentage pushes higher and higher, the percentage going to the bottom of the country is going to be less and less. Link to comment Share on other sites More sharing options...
StrangeSox Posted May 1, 2017 Share Posted May 1, 2017 (edited) So what about the other 79% that aren't on governmental incomes of one sort or another but still saw 95% of the wealth gains of the past decade go to the top 1%? Maybe there's something wrong with the structure of our economy itself and not just 'government handouts' that has driven more and more wealth to the very top of the pile over the past several decades? The argument seems sort of circular, anyway. People aren't on governmental assistance because they want to be, they're on it because there just aren't enough living wage jobs available, or health care has become too expensive for many people to be able to afford without assistance. The gains flowing to the very top have climbed much quicker as a percentage than government spending as a fraction of GDP, so that just doesn't really seem like a correlation let alone a causal effect. edit: I mean, there are other countries with higher government spending per GDP, much more generous social safety net programs, and much higher economic mobility and lower economic disparity. If "government spending per GDP" is a major causal factor in more and more wealth going towards the 1% in the US, why doesn't it hold true elsewhere? Edited May 1, 2017 by StrangeSox Link to comment Share on other sites More sharing options...
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