This was going to be my first short, shame.
if you could get your hands on the stock, which would have been fairly unlikely.
You can create a synthetic short with options, no need to borrow any stock at all.
Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
61–70 of 171 posts
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#62Earlier quoted context omitted.
Imagine you are a bank or investment firm or hedge fund or VC. You want to do business with person A, I shall call them “Alice.” Alice says to you, right up front, “I need to make one billion dollars, or I look for a different partner.” Are you going to accuse Alice of being greedy, when your entire business consists of making money? You don’t cure the sick, or bring the Internet to rural communities, or manufacture…
I don't think this is so much about Alice's billion dollars as Bob coming up with a way of coining it before Alice... ...but it's hard to care. (i.e. the 'great' thing about this is that it makes being the founder completely risk-free, you make millions even if your firm craters)
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Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#63Earlier quoted context omitted.
ZeroHedge is the type of site that will quickly be labelled alt-right, fake news etc. in reality they tend to just interpret events in much more extreme ways but still rely on largely factual sources. I find the commentary to be much more thought provoking than consensus outlets. Glad to see some fellow HN'ers peruse the site.
Quite right, like this [1] 100% factual not at all bullshit scientifically sound article on climate change. Thought provoking indeed. [1] https://www.zerohedge.com/news/2019-09-05/5-surprising-scien...
..? I’m not seeing anything on that page that isn’t based on “facts”, and none of it seems obviously incorrect..
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#64Earlier quoted context omitted.
Imagine you are a bank or investment firm or hedge fund or VC. You want to do business with person A, I shall call them “Alice.” Alice says to you, right up front, “I need to make one billion dollars, or I look for a different partner.” Are you going to accuse Alice of being greedy, when your entire business consists of making money? You don’t cure the sick, or bring the Internet to rural communities, or manufacture…
Sure, but it makes a difference whether that billion comes from returns on productive investment, or from the actual investor money itself. One of those makes you Warren Buffet, the other makes you Bernie Madoff.
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Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#65It only took 19 years, but we finally have the next pets.com. What will we call this era? Dotcom Bubble II?
except WeWork has absolutely nothing to do with being a tech company
They got invested into by the same investors all the same. It's the only reason why they are being thrown into the mix of "tech companies" and what puts the rest of the tech bubble in trouble.
SoftBank themselves are a hilarious joke. Over half of corporate debt in Japan....is held by SoftBank.
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#66So is this company's business just selling baseless promises to investors? If yes, how did they bootstrap this?
You may have answered your own question.
Yeah but I can't just go to an investor and say "we rent out offices" (in a fancy way) "but we're worth billions" and actually get billions... or can I?
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#67Earlier quoted context omitted.
Quite right, like this [1] 100% factual not at all bullshit scientifically sound article on climate change. Thought provoking indeed. [1] https://www.zerohedge.com/news/2019-09-05/5-surprising-scien...
..? I’m not seeing anything on that page that isn’t based on “facts”, and none of it seems obviously incorrect..
It says co2 doesn't impact temperature:
"While most of the current climatologists who collaborate with the United Nations believe anthropogenic CO2 emissions have exacerbated natural warming in recent decades, there is no empirical proof to support their claim. The only way to test it would be to wait and see if their assumptions come true.
The entire climate fraternity was in for a surprise when global temperature between 2000 and 2016 failed to rise as anticipated by the climate alarmists. The scientists assumed that rising CO2 emissions from human activity would result in a rapid rise in temperature, but they didn’t.
This proved that atmospheric CO2 concentrations are not the primary factor controlling global temperature. Consideration of a much longer period (10,000 or more years) suggests that CO2 had no significant role to play in temperature increases. CO2 never was the temperature control knob."
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#68Earlier quoted context omitted.
Quite right, like this [1] 100% factual not at all bullshit scientifically sound article on climate change. Thought provoking indeed. [1] https://www.zerohedge.com/news/2019-09-05/5-surprising-scien...
..? I’m not seeing anything on that page that isn’t based on “facts”, and none of it seems obviously incorrect..
Reminds me of Yahoo during the first dotcom bubble.
Every commentator/speculator was drooling at the possibility of "boring" Yahoo going bust, despite Yahoo being the most sound business in the dotcom space, and ignoring walking warning signs like Pets.com.
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#69I know most HN readers look down upon the site, but I really like Zero Hedge's take on this. https://www.zerohedge.com/news/2019-09-09/2-letters-20-billi... > Super-voting stock – Zuck did that and it worked out in the end > Accelerating losses – Look at all that revenue growth > Zero possibility of profits – Hasn’t mattered for years > Convoluted insider dealings on property leases – Property GPs always double dip s…
ZeroHedge is the type of site that will quickly be labelled alt-right, fake news etc. in reality they tend to just interpret events in much more extreme ways but still rely on largely factual sources. I find the commentary to be much more thought provoking than consensus outlets. Glad to see some fellow HN'ers peruse the site.
A lot of the best folks on that site left a very long time ago. If you took ZH's advice/message over the last 5-10 years, you would have missed one of the greatest bull markets we have had and put your life savings into gold.
They shilled hard for Putin/Russia. The articles/comment section was a propaganda piece for the Kremlin. It forced a lot of good people with something interesting to say, to leave.
Re: Troubles Mount for the We Company as Softbank Reportedly Calls for Shelving IPO
#70Earlier quoted context omitted.
ZeroHedge is the type of site that will quickly be labelled alt-right, fake news etc. in reality they tend to just interpret events in much more extreme ways but still rely on largely factual sources. I find the commentary to be much more thought provoking than consensus outlets. Glad to see some fellow HN'ers peruse the site.
Quite right, like this [1] 100% factual not at all bullshit scientifically sound article on climate change. Thought provoking indeed. [1] https://www.zerohedge.com/news/2019-09-05/5-surprising-scien...
Indeed nothing particularly controversial there and nothing that says that warming on a global scale is not happening.
Take the point that climates have always changed. Most definitely. However the concern has always been the rate at which warming is occurring. Given that humans and agriculture have fragmented the natural habitat and hence the ranges of species, the primary concern is the ability of species to adapt. I know that's too subtle a point for mainstream media to digest but it's pretty fundamental in describing the problem. For example, if you are a Brown Bear in northern Spain or the Pyrenees there's nowhere to go.
You could do the same for the other points. All verifiable. It's only once you start adding the consequences that things start to look a little problematic.