Some of the 4D chess Wagner theories are crazy. Mostly likely Prigozhin thought he would get more military support than he did. By the time he was close to Moscow all that support didn't turn out, and he needed an out. Bank robbers only seem in control before SWAT show up.
Gotta hand it to @elonmusk for living that meme life. Offering $54.20 instead of a nice round $54.00 added $150M to the acquisition price. Worth it for the lulz.
Market still hasn't priced in the Fed's 'higher for longer'. Part of the reason is generational: There is an entire cohort of PMs and analysts out there that started their careers in an ultra-low interest rate environment and can't see past 1% rates as the norm.
Evergrande, only recently one of China's biggest property developers, on the verge of penny stock status. For years, critics had been raising red flags over the Company's debt load - not sure why anyone is surprised. Here's a short from @FinancialTimes:
https://t.co/NIlu0MJg9H
Playstation and Nintendo sales suspended in Russia. They join Microsoft and EA. Those Russian gamers are gonna lose their shit.
https://t.co/ImwKDWFAy1
In these uncertain times, this gem of a Ted Talk on being wrong is as relevant as ever - From George Bush and his unfounded WMDs, to Hosni Mubarak who thought he would reign forever.
https://t.co/LeKTkVVlCv
Lost half the value of your fund in the last year? Just raise more money, but this time put it in illiquid assets with limited exit. What can go wrong?
https://t.co/bF5jPw0JQB
If the Nasdaq is going to drop every time FB puts out terrible earnings, expect rough times ahead. FB has been garbage for years now - poor quality content and oversaturated with ads. We're gonna be saying the same thing about Youtube a few years from now.
Spotify getting merked after hours. We're doing a shot for every time 'Rogan' is mentioned in the conference call this afternoon.
Also, lol at the artist formerly known as Facebook for their earnings. Both stocks down ~18%
If you want to know how #Evergrande blew up, here are some pictures of its properties, published as a warning in early 2017 by @GMTResearch. The stock went from 5 to 30 that year.
Apparently Renaissance Tech has switched strategies from hiring NSA codebreakers and the top minds in statistics, to scrapping r/wallstreetbets for meme stocks to power their investment strategy:
https://t.co/LS1tjQ7goc