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Block loses 20% of value as Hindenburg Research alleges fraud

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131–136 of 136 posts

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#131

Earlier quoted context omitted.

Parag sold to Elon, and he got a great return for shareholders by selling at far above market value. Jack doesn't do anything but meditate and grow a beard like he's young Steve Jobs. Why the board let him be CEO when he didn't do any apparent work is a different question.

Jack is 46 years old... not really young at this point.

"like (young Steve Jobs)" not "like young (Steve Jobs)"

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#132
post #92

Earlier quoted context omitted.

There is no fundamental reason to be upset with short sellers; they can be honest or dishonest about their motives just as holders of long positions can be. When they are honest and open, they provide a service to the community in the same way that honest & open holders of long positions do.

The short position is fundamentally the belief a venture will fail and historically there is three ways for that to be a successful bet; 1) be lucky 2) do your research thoroughly and then be lucky or 3) cause that venture to fail. So in this case your defense is limp wristed, you ask only 'well what about' without ever answering the core qualm.

> The short position is fundamentally the belief a venture will fail and historically there is three ways for that to be a successful bet; 1) be lucky 2) do your research thoroughly and then be lucky or 3) cause that venture to fail.

This mirrors precisely the ways for a long position to succeed. A holder of shares in a venture can work to cause that venture to be successful. This is pretty common, in fact.

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#133
post #111
post #18

OK now do Western Union. Full disclosure: I'm heavily invested in SQ.

https://en.wikipedia.org/wiki/Whataboutism

No, shouting whataboutism isn't actually some sort of universal gotcha even if it's the new overused internet buzzword. What you call whataboutism can be called precedent or market expectations. That's even how you usually do market research: you compare a company to its peers and determine the baseline (for revenue, financials and even the percentage of transactions that are fraudulent!)

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#134
post #81

Earlier quoted context omitted.

Whether sanctions evasion is good depends principally on which side of the sanction line you fall.

"Aggression" is an objective measure. There is no subjectivity who starts a war and wo is in another country's territory. Those are observable facts. And obviously Russia did not believe Ukraine to be a threat - or they would have not done this haphazard invasion with too little preparation and too few soldiers, so there is no excuse.

The world isn't as black and white as you paint it.

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#135
post #79
post #57

Earlier quoted context omitted.

I'm no expert, but restricting the flow of goods seems both necessary and sufficient. The war machine doesn't run on money. A state can always find a way to hide the transactions, on the other hand.

> The war machine doesn't run on money. I think it might, particularly where the war machine has a partner willing to sell it arms.

The partner can sell arms on a loan. There's a million of possible arrangements.

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#136
post #79

Earlier quoted context omitted.

> The war machine doesn't run on money. I think it might, particularly where the war machine has a partner willing to sell it arms.

The partner can sell arms on a loan. There's a million of possible arrangements.

Sure, but that’s going to be less likely if the buyer’s economy is slowly grinding to a halt.
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