Says he has $6.99 in a checking account and some cash. So like $20? What a dumb fuck. Pissed away life changing money. Could have bought aapl or spy shares and just sold cc’s for the rest of his life.
The market overshot the value of the Buybacks by 2x.
Efficiency and layoffs is just hype words to say we see our margins continue to compress and profitability to continue to slow.
I will give it to META though, they probably have the lowest fixed costs to contend with so they are the most agile I would guess. AMZN much higher fixed costs.
Still RIDICULOUS however.
NOTE: Efficiency gains are not really occurring, it is just what they are supposed to say on the conference calls to keep investor confidence.
Efficiency = firing people
The market overshot the value of the Buybacks by 2x.
Efficiency and layoffs is just hype words to say we see our margins continue to compress and profitability to continue to slow.
I will give it to META though, they probably have the lowest fixed costs to contend with so they are the most agile I would guess. AMZN much higher fixed costs.
Still RIDICULOUS however.
NOTE: Efficiency gains are not really occurring, it is just what they are supposed to say on the conference calls to keep investor confidence.
Efficiency = firing people
Given recent China drama, the upcoming Tiktok hearings are going to be most interesting. A nationwide ban of the social media app would be a boon to META, GOOG, & SNAP.
Hell yeah bro, what you do for work? Not bad same here, made money on META calls then lost it on AMZN calls 
#Ban Bet Lost
/u/spagettiinmyass made a bet that AAPL would go to 160.0 within **2 days** when it was 149.448 and it did not, so they were banned for a week.
Their record is now 0 wins and 2 losses
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