#841
DJIA 24,176.69 -420.69 (-1.71%)
#842
fucking NICE
#843
old, but i missed this when it was originally reported

https://www.bloomberg.com/news/articles/2018-12-08/uber-is-said-to-file-confidentially-for-initial-public-offering

uber files for IPO
#844
tears is probably a lot more up-to-date on this but from their respective highs amazon shares are down about 25%, apple down 30%, facebook down 40%. dow jones is at its lowest in a year...

of course there's up and downs all the time. i check tesla shares a lot and the volatility is mental. faebook and apple especially look less like random noise and more like trends though.
#845
Everyone is laughing at the Boring Company's weird single lane underground rail that you can put a Tesla car on and go 50mph. We are all laughing at Elon Musk's big dumb nonsense. It's very funny the stupid thing that Elon Musk's Boring Company has built in LA.
#846

Chthonic_Goat_666 posted:

tears is probably a lot more up-to-date on this but from their respective highs amazon shares are down about 25%, apple down 30%, facebook down 40%. dow jones is at its lowest in a year...

of course there's up and downs all the time. i check tesla shares a lot and the volatility is mental. faebook and apple especially look less like random noise and more like trends though.



its cool to laugh at tesla, which this thread is about obviously, but the movements in the market are so massive right now that tesla is just some wierd scummy side note, if u want the real shit mainline FAANG and semiconductor manurfacturer share prices

this is the shit for my daily watching: https://markets.wsj.com/

picking out things to look at: DJIA is just like 30 companies, its interesting but the small sample size makes it wavy, for the US: S&P500 for top US corps, Russell 2000 for smaller buisinesses; NASDAQ is worth looking at because its the tech heavy index + barrons 400; the DJ transport average is a good one to watch because transport is key to commodity circulation, and PHLX semiconductor because semiconductors are like the underpinning of dying imperialism. - when semiconductors go down u know that things are....scary

Edited by tears ()

#847
i should put financial diviner on my cv
#848

ilmdge posted:

Everyone is laughing at the Boring Company's weird single lane underground rail that you can put a Tesla car on and go 50mph. We are all laughing at Elon Musk's big dumb nonsense. It's very funny the stupid thing that Elon Musk's Boring Company has built in LA.



same

#849
the total value of the world's oil at least looks like it's half of what it was a year ago
#850

tears posted:

Chthonic_Goat_666 posted:

tears is probably a lot more up-to-date on this but from their respective highs amazon shares are down about 25%, apple down 30%, facebook down 40%. dow jones is at its lowest in a year...

of course there's up and downs all the time. i check tesla shares a lot and the volatility is mental. faebook and apple especially look less like random noise and more like trends though.

its cool to laugh at tesla, which this thread is about obviously, but the movements in the market are so massive right now that tesla is just some wierd scummy side note, if u want the real shit mainline FAANG and semiconductor manurfacturer share prices

this is the shit for my daily watching: https://markets.wsj.com/

picking out things to look at: DJIA is just like 30 companies, its interesting but the small sample size makes it wavy, for the US: S&P500 for top US corps, Russell 2000 for smaller buisinesses; NASDAQ is worth looking at because its the tech heavy index + barrons 400; the DJ transport average is a good one to watch because transport is key to commodity circulation, and PHLX semiconductor because semiconductors are like the underpinning of dying imperialism. - when semiconductors go down u know that things are....scary



cheers. tesla and uber are fun to watch because of The Grift and The Bezzle but i think as we head into a fresh crisis its probably more important for me to keep tabs on Oil, or whatever else is fundamental to the capitalist economy. thanks for the tips on what to watch

Edited by Chthonic_Goat_666 ()

#851
#852

Chthonic_Goat_666 posted:



#853

Makes u think...
#854
allahuber
#855
#856
looks like banks is about to blow this thing wide open
#857
A court has granted a motion by investors to serve subpoenas to preserve documents to the rapper Azealia Banks and the singer Grimes in a lawsuit against Tesla and Elon Musk, according to new court documents.
#858
https://www.forbes.com/sites/petercohan/2019/01/20/2-reasons-to-sell-tesla-920m-and-26250/

decent article on tesla's recent layoffs and the debts coming due soon.
#859
some updates on reactions to uber's tendrils on the street in spain...

uber (and local alternatives such as cabify) have had their operations hobbled continuously as a result of legal maneuvering around injunctions placed on them by local government seeking to limit their reach and pacify local taxi unions. recent concessions from the government of barcelona, with a view to move the situation out of limbo, have set to regulate their use with the condition that all rides must be booked no less than 15 minutes in advance. this has not been close to minimum the unions were happy to tolerate and as a result they have begun an indefinite strike since friday, with some main arteries of the city completely blocked by taxis parked there overnight, attacks on uber drivers vehicles, protests at government buildings and key infrastructure. taxi drivers in madrid have begun the same tactics in solidarity. adherence to the strike is near 100%, scabs are not treated favorably. lots of yellow jackets in view at protests but no v for vendetta masks.


#860
woops, guess i spoke to soon. here are some "d for dali" masks + yellow jackets.

#861
im considering taking this forum private at, wait for it, 420 dollars

*takinga huge bong rip, exhaling into a mirror* funding secured
#862

tears posted:

im considering taking this forum private at, wait for it, 420 dollars

*takinga huge bong rip, exhaling into a mirror* funding secured


#863
wow a bunch of labor aristocrats wearing the mask of dali, well known fascist......,,,,,,,,
#864
What's the argument for taxi drivers being labor aristocrats? Or are you just shitposting?
#865
depends. do they own their own plates?
#866
tesla q4 2018 results should be released January 30 i think. musk mentioned to press to expect less of a profit than q3.
#867
#868
tesla with a $139 million dollar GAAP profit in q4 2018, down significantly from $312M in q3 2019.

http://ir.tesla.com/static-files/0b913415-467d-4c0d-be4c-9225c2cb0ae0

hopefully there will be some good articles on it in the coming week or so, because there's no good reporting i can find today.

next big news for tesla should be the 920 million dollars of debt in march
#869
i'll find a good article or two a bit later, but here's the basics for Uber



865 million dollar loss in Q4 2018
#870
horan is worth reading as always

https://www.nakedcapitalism.com/2019/02/hubert-horan-can-uber-ever-deliver-part-seventeen-ubers-2018-results-still-show-huge-losses-slowing-growth-ipo-approaches.html

i guess the next thing to really look for is the lyft and uber ipos, and the more detailed financial info that has to be filed with the SEC before they go public.

weird detail from this bloomberg article

https://www.bloomberg.com/news/articles/2019-02-15/uber-results-show-revenue-growth-slows-amid-persistent-losses

While the data provides a window into Uber’s operations, there are still plenty of ways to look at Uber’s massive cash burn, and some financial details are still opaque. For example, Uber had a tax windfall in the fourth quarter that it didn’t explain, but that was responsible for reducing its fourth quarter losses from $1.2 billion to $865 million, according to generally accepted accounting standards.


#871
https://www.bbc.com/news/business-47365585

SEC going after Musk again
#872
i love this fucking thread because it's full of ammunition i can use to shut up my one friend who worships musk + pretty much all technological solutions to social decay
#873
is there an accepted term for the end result of capitalist positivism being bizzare crap like musk worship and people who just fucking love science
#874
fail aids
#875
https://www.theverge.com/2019/2/28/18245296/tesla-stores-closing-online-only-car-sales

In a major shift, Tesla announced that it will only sell its vehicles online. The electric carmaker will close most of its stores over the “next few months” and lay off some retail employees. Tesla announced the move at the same time it said it will finally begin to sell its long-promised $35,000 Model 3.

#876
https://www.theverge.com/2019/2/28/18244479/uber-lyft-drivers-cash-bonus-stock-ipo-sec-rules

Uber and Lyft are reportedly planning to give some of its drivers cash bonuses with the intent that those drivers would then be able to use the cash to purchase stock in the two companies’ respective impending IPOs, according to a new report from The Wall Street Journal.

It’s a complicated workaround to a unique problem facing the ride-sharing companies, who can’t grant stock to their drivers due to Securities and Exchange Commission rules that prevent giving private company stock shares to contractors, who technically aren’t considered full-time employees under the law. And while the SEC has requested comments from companies as to whether or not it should change that rule, it’s unlikely that even with the support of Uber, Lyft, and Airbnb that those changes would arrive in time.

By granting the drivers cash bonuses with the option to put it towards shares — drivers can also choose to simply keep the money — Uber and Lyft are giving drivers the chance to invest in (and reap some of the profits, should there be any) the company at IPO prices, without directly granting them stock.



i'd keep the cash. lyft ipo is coming real soon, mid-March i think.

#877
yo cg did you see this https://www.hollywoodreporter.com/thr-esq/fox-rocked-by-179-million-bones-ruling-lying-cheating-reprehensible-studio-fraud-1190346

tangentially related but i didnt want to make a thread for it
#878

swampman posted:

yo cg did you see this https://www.hollywoodreporter.com/thr-esq/fox-rocked-by-179-million-bones-ruling-lying-cheating-reprehensible-studio-fraud-1190346

tangentially related but i didnt want to make a thread for it



that's interesting, iirc hulu is a money-loser too so they'd be losing even more money if they were being charged market prices for tv shows and studios were paying the stars/writers/etc more.

#879
lyft IPO info

Despite booking $2.2 billion worth of revenue on $8.1 billion worth of rides and other sales in 2018, Lyft also lost $911 million. That was up from 2017, when it recorded a net loss of $688 million, and from 2016, when its net loss came to $683 million. Adding that all up gives you a net loss of $2.3 billion over the past three years.



Even more pressing, Lyft could run out of money. The company had $1.1 billion in cash and cash equivalents at the end of 2017. By Dec. 31, 2018, that stockpile had shrunk to $518 million, and competition with Uber is unlikely to get any easier. “We believe our existing cash and cash equivalents will be sufficient to meet our working capital and capital expenditures needs over at least the next 12 months,” Lyft offers in its prospectus.

The company will raise money with its public offering—that, after all, is one of the reasons why startups go public—but it seems safe to say its current rate of spending is not sustainable, and that profitability remains a long way off.



from here: https://qz.com/1563655/lyft-ipo-filing-shows-a-history-of-losses-and-no-clear-path-to-profitability/

#880
here's Lyfts S-1 filed with the SEC if anyone is interested to browse through a 220 page document:

https://www.sec.gov/Archives/edgar/data/1759509/000119312519059849/d633517ds1.htm

interestingly under "risk factors" lyft admit that "we may not be able to achieve or maintain profitability in the future" yet i can't see any reckoning with why they've lost massive amounts in the first place (i.e. massive subsidies to riders without any gains in efficiency compared to traditional taxis). they're also still repeating corporate techno-optimist junk like:

We believe that cities should be built for people, not cars. Mass car ownership in the twentieth century brought unprecedented freedom to individuals and spurred significant economic growth. However, in the process, city infrastructure became overwhelmingly devoted to cars. Roads and parking lots have replaced too much green space. Mass car ownership strains our cities and reduces the very freedom that cars once provided.

Car ownership has also economically burdened consumers. U.S. households spend more on transportation than on any expenditure other than housing.1 In the United States alone, consumers spend over $1.2 trillion annually on personal transportation.2 On a per household basis, the average annual spend on transportation is over $9,500, with the substantial majority spent on car ownership and operation.3 Yet, the average car is utilized only five percent of the time and remains parked and unused the other 95%.4



iirc there's no evidence that rideshare decreases traffic congestion and infact evidence seems to point to the opposite:
https://www.npr.org/2018/08/01/634506179/ride-hailing-services-add-to-traffic-congestion-study-says

i wonder if the SEC could in theory hold lyfts feet to the flame regarding misleading claims like that in future? those are just a couple noticeable things i saw, i didn't really go through it with a fine-tooth comb or anything.

apparently lyft hopes to raise at least 100 million with their IPO, which seems like a low bar to hurdle, it would buy them a couple extra months at best lol. interested to see how much they end up getting.

Edited by Chthonic_Goat_666 ()