wraaath

Joined 1 year ago

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Feb 23

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It's in the link above, but in text format for those not willing to click: (source was from the US treasury department bureau of fiscal service)

Deficit under administration of: Republicans: Trump: +7.1T HW Bush: +2.2T W Bush: +2.1T Reagan: +1.7T Ford: +781.2B Hoover: +246.4B Nixon: +7.2B

Democrats: Obama: +5.6T Biden: +2.8T FDR: +1.3T Clinton: +614.4B JFK +194.8B Wilson: +191.9B

The rest of the presidents (D/R) - had net reductions in deficit.

Comment · 1 year ago

A decade too late for Appnexus

Comment · 1 year ago

That hasn't been my experience. I've never had the experience of BigCo only acquiring just enough for 50.1% ownership. There's also clauses in the equity plans for participation on change of control (assuming that BigCo taking 50.1% constitutes change of control)

Comment · 1 year ago

True that stock _options_ are only worth something after an IPO, but vested and exercised stock options that get turned into equity is a different story.

Equity can be worth something via acquisition from private equity doing roll-ups, corporate buyers looking to fill strategic product niches, etc

Also, for the more heavily vc-funded late stage still pre-ipo plays, secondary market, which can be at a discount to the most recent vc round, or in some rare instances in a hot sector, premium.

One other thing - waiting for the IPO might be the worst thing to wait to do. The public markets are much more fickle than private markets. Once a company IPOs, there's usually a trading moratorium on insider shares, usually 180 days, so by then, the equity value may have completely imploded.

Comment · 1 year ago

Here's the set of categories exempted from the tariffs (via perplexity) Original source: https://content.govdelivery.com/accounts/USDHSCBP/bulletins/... Backup: https://archive.is/el9Mz

via Perplexity:

8471: Automatic data-processing machines and units thereof, including computers, laptops, disc drives, and other data processing equipment.

8473.30: Parts and accessories for automatic data-processing machines, such as components used in computers.

8486: Machines and apparatus for the manufacture of semiconductor devices or electronic integrated circuits.

8517.13.00: Mobile phones (cellular telephones) or other wireless network devices.

8517.62.00: Communication apparatus capable of connecting to a network, such as routers and modems.

8523.51.00: Solid-state storage devices (e.g., flash drives) used for recording data.

8524: Recorded media, such as DVDs, CDs, and other optical discs.

8528.52.00: Flat-panel displays capable of video playback, including monitors and televisions.

8541.10.00: Diodes, including light-emitting diodes (LEDs).

8541.21.00: Transistors with a dissipation rate of less than 1 watt.

8541.29.00: Other transistors not specified elsewhere.

8541.30.00: Thyristors, diacs, and triacs used in electronics.

8541.49.10 to 8541.49.95: Semiconductor devices such as integrated circuits (ICs) categorized by specific types or functions.

8541.51.00: Semiconductor devices designed for photovoltaic applications (solar cells).

8541.59.00: Other semiconductor devices not elsewhere classified.

8541.90.00: Parts of semiconductor devices or electronic integrated circuits.

8542: Electronic integrated circuits, including microprocessors and memory chips.

Comment · 1 year ago

holy crap the backstory on amazon fresh. no wonder. meanwhile I thought they'd solved that through tagging or something. I guess I should've known - I had read the articles on how scale ai had a ton of folks in the philippines...

Comment · 1 year ago

More importantly - the US bond market Treasury yields, the trigger that caused Trump to finally 180, has now continued rising (i.e. a very bad thing). https://www.cnbc.com/bonds/

Comment · 1 year ago

Some potential insider antics:

https://x.com/unusual_whales/status/1910167321878163815

Comment · 1 year ago

All of this ONLY after

https://www.reuters.com/world/us/us-sec-see-exodus-hundreds-...

Eyes wide shut as they loot.

Comment · 1 year ago

The US is rapidly moving towards becoming the Sultanate of Dumbf*ckistan.

Comment · 1 year ago

I recruited for a late stage pre-ipo unicorn after COVID. On the cash portion of compensation - 145k was the suggested starting negotiation point for a fresh out of college engineering candidate at offer stage. For that level, we'd go as high as a one-time additional 22k on signing with equity at 225k in RSU's (/4 year vest).

Comment · 1 year ago

He went off like an idiot on tariffs the very first weekend. Canada & Mexico if you recall.

Comment · 1 year ago

Or, this the beginnings of a sell-off as the rest of the world realizes that the US is no longer a reliable (trading/military/alliance) partner, and will move to mitigate the dependency for the rest of the world's mutual preservation.

Also - this implosion is happening WAY faster than the dotcom bubble pop and even 2020 COVID lockdown selloff, and there is no stimulus coming to save the market this time.

This was somewhat predictable, as Trump doing illogical Trumpian things, but somehow he even exceeded the maximum irrationality predicted by the market, thus, the heightened adverse reaction.

Comment · 1 year ago

All of the major Wall Street banks called in their staff over the weekend. Lots of margin calls going out due to the market losses so far. Monday will be another bloodletting day, so there will be a chance that some customers may go unrecoverable net negative. This raises the issue of counterparty risk, and everyone tightens up as a result. Capitalization then becomes key, and with losses flying around, the first one to breach will end up cascading the risk to others. 2008 all over again, and oh yeah, weren't there mass layoffs on the government regulators side a few months ago - so who's answering the phone or running due diligence on the government side to figure out who is salvagable and who isn't?