Though I may be amidst a tumultuous Sea
At least this time I recall how to breathe.
Though the seasons change, still hangs Grief.
It's time like Fall that I take my leave.
@gavinmayreal No one else should follow this, but just grabbed 80 of the 2x levered etf and 25 more normal shares for trading this move, I’m probably regarded, but if it works gonna unload the levered ones for more normal shares, wish me luck 😂
LEGO was 4 weeks away from bankruptcy in 2003:
• Losing $1 Million per day
• $800 Million in debt
• Negative profit margin (-30%)
But then something happened, and by 2010, they started growing faster than Apple. How? 🧵
@benwehrman ‘Deliver bad news early and good news on time’
My guess is Whatever the maximum amount of time they (legally) can get away without reporting post-purchase is when we’ll hear anything (if there’s been a purchase yet)
2 weeks ago, we hit one of our biggest milestones yet: growing Passport to 5 million users
yesterday, we announced the game we're partnering on with @Ubisoft
Ubisoft have 138 million total users
and the game will launch connected to Passport later this year
Via Bloomberg today: "A US judge denied short seller Andrew Left’s bid to toss out a SEC lawsuit accusing him of committing fraud through stock trades, social media posts and research reports"
Just read details of the Coachella payment plan, which >60% of the 100,000 festival attendees used for the $599 ticket.
It’s different than Klarna model:
▫️How Klarna works: In that arrangements, Klarna would payout Coachella organizers in full for the ticket then recoup from attendees. Klarna make money on merchant and processing fees, as well as interest if the buyer doesn’t meet all of the instalment payments on time.
▫️How Coachella payment works: Attendee puts down $49 and has ~3 months to pay the rest. Concert lineup comes out in January, so they’ll be paid off by April event. Coachella partners with the ticketing company (eg. Ticketmaster), and the payment plan “is offered as a service in exchange for the festival promoter’s business”. The ticketing company isn’t providing credit. Rather, it is just passing along the payment to Coachella as the buyer completes the payment plan. There is a $41 fee for this service, which is ~8% of the ticket price.
The Coachella organizers are fans of this model and even if someone misses multiple payments, they’ll allow buyer to use down payment to next year’s concert. Why? Because they want them eventually in the door to absolutely mog them on a few fish tacos, nachos and lemonade for $102 (don’t even get started with booze).
High usage of payment plan def means audience is skewing younger than previous years.
One insider tells Billboard, “Festivals are now marketing a cheap down payment as their main call to action. The messaging is $20 down gets you in the door, or $50 down gets you started. It’s no longer about the artists, or the festival lifestyle — the message is, ‘You can afford this if you act today.’”
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Link: https://t.co/LnmKbIUK3R