tempsy

56 ms·

721.
by tempsy 6y ago
People are going to eventually be receiving vaccine doses at a CVS and Walmart though from what I understand. Not everyone is going to be expected to go to a hospital to get it.
722.
by tempsy 6y ago
sure...but this person had the fortune of being in a hospital setting. if the distribution channel for most people is going to be at a CVS or Walmart or in a school will they be prepared for these sort of scenarios?
723.
Alaska Health Worker Had a Serious Allergic Reaction After Pfizer’s Vaccine(nytimes.com)
6 points by tempsy 6y ago|6 comments
724.
by tempsy 6y ago
you can say the same thing about gold - it’s just a shiny rock. it’s an inflation protected asset, perhaps even more so than gold since there’s a known quantity of it that will never change.
725.
by tempsy 6y ago
i don’t think it has anything to do with more use cases institutions are now buying bitcoin as a diversified asset class
726.
Nearly 8M Americans have fallen into poverty since summer(washingtonpost.com)
125 points by tempsy 6y ago|264 comments
727.
by tempsy 6y ago
Anyone who has ever had an article written about themselves or on a topic they have expertise in would probably agree that most stories are riddled with factual errors, exaggerations, and pushing narratives that don’t mesh with reality. I t
728.
by tempsy 6y ago
it’s not a big difference. both platforms are looking the other way when it comes to policing illegal content on their platforms because they make money off it whether it’s legal or not. they are choosing to offload the responsibility to th
729.
by tempsy 6y ago
you can say this same thing about Airbnb. how many listings are illegal? and yet they don’t proactively purge illegal listings unless some city aggressively goes after them in court.
730.
by tempsy 6y ago
This feels like a long “water is wet” article.
731.
Affirm Postpones Its Initial Public Offering(wsj.com)
12 points by tempsy 6y ago|0 comments
732.
From Airbnb to Tesla, It’s Starting to Feel Like 1999 All over Again(barrons.com)
3 points by tempsy 6y ago|0 comments
733.
Roblox Delays IPO Until Next Year(wsj.com)
1 points by tempsy 6y ago|0 comments
734.
by tempsy 6y ago
That doesn't mean that it didn't create more rage in the rest of society...
735.
by tempsy 6y ago
There’s nothing to “regret” when the pop doesn’t impact how much you were able to raise.
736.
by tempsy 6y ago
They can raise more more at $150 in a secondary if they wanted to. The consequence of setting too high and cratering your stock the first day is that employees are taxed based on IPO price. Imagine if you owed taxes at $150 and six months l
737.
by tempsy 6y ago
No. Airbnb can sell more shares tomorrow at $150 if they wanted to. OTOH if they gambled and set their price at $150 and the stock tanked it would screw over shareholders who are taxed based on the IPO price and would be underwater immediat
738.
by tempsy 6y ago
I said nothing about efficiency. All I am arguing is that Airbnb didn’t screw themselves. No money was taken from them. They raised the money they wanted to raise at a price they thought would be tolerable by the public markets.
739.
by tempsy 6y ago
I don’t really know why you’re so caught up in this. Airbnb could take advantage of their stock price and issue more shares in a secondary offering tomorrow if they wanted to and “screw” the investors who doubled their money in a day by dil
740.
by tempsy 6y ago
No one really knows what is tolerated by public markets right now. Tech stocks are in a speculative bubble caused by zero rates and a flood of money from the Fed. It isn’t as if Airbnb can’t sell more shares at $150 now in a secondary offer
741.
by tempsy 6y ago
shorting a stock in this market is a fool’s errand.
742.
by tempsy 6y ago
you don’t raise double the money because you set the price 2x unless that was your plan. you would sell half the shares if you had a fixed goal eg $3B. you decide on how much you need and then decide the number of shares you sell at what pr
743.
by tempsy 6y ago
No one could’ve predicted Airbnb would be bid up to $100B. We are in a massive speculative bubble that not even wall street can make sense of. you’re giving too much credit to investment bankers if you think they would know a travel company
744.
by tempsy 6y ago
No one could’ve predicted Airbnb would be bid up to $100B. Just because you’re Goldman does not mean you can predict where a share price will go on day 1. we are in a massive speculative cycle that isn’t just impacting Airbnb’s IPO but a lo
745.
by tempsy 6y ago
There was a very big story last Halloween about an Airbnb house party in Orinda, CA that resulted in a mass shooting and 5 deaths. That started their crack down on house parties.
746.
by tempsy 6y ago
all he said was it makes the stock market look bad when some people double their money in a day. has nothing to do with whether Airbnb was screwed over by wall street. no one can predict the public market appetite in this environment. Airbn
747.
by tempsy 6y ago
that isn’t how an IPO works. just because your stock pops doesn’t mean you handed over money to “wall street” if you’ve raised the money you sought at the set IPO price. the investors who bought the IPO allocation got an immediate 100% retu
748.
by tempsy 6y ago
this is incorrect.
749.
by tempsy 6y ago
I think part of the critique here is that at a certain point you get big enough to where both positive and negative externalities created by your product become self evident, but often companies just settle on ignoring it unless they are ca
750.
by tempsy 6y ago
Agree that blaming individuals makes no sense. It's the system that is pushing the poorest into more debt and insecurity while making the rich richer that is the problem. A lot of talk about building a healthy middle class but we'

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