Read it; thought about it. Hindenburg did not attack Square's accounting - major flaw of any short report. Most points of report were already known to investors. SBC issue is applicable to any SaaS'y company. Mgmt acknowledged market punishment for dilution and course correcting that, w/ rule of 40 target, which includes SBC.
Covid fraud... Hedge funds did it, for gods sake. About Jacks liability two things. 1. Can you really pin insider dumping, when he donated 1B to small biz development and UBI? 2. I could see how he might turned a blind eye, given cryptoanarchic roots.
I do not remember whether I took a mental note throughout the years of being $SQ shareholder of their CashApp MAUs counting. And I for sure underestimated CashApp related bot count (hence MAUs), which I was exposed after some SQ related replies.
If 1% of 50M MAUs are fraudsters, who each have 10 accounts, this is a question of considerable 10% of their MAUs. If there was a crackdown - real concern is how bad LTV/CAC ratio really is.
Valuation? Market knows history of SQ TAM expansion. Of the knowns in the pipeline - ads.
I haven't noticed "magical", because my mind auto filters it out for BS, but TBD efforts could very well deserve the description. Using nostr clientS invokes that.
Conclusion: hold.
Companies used to slap ML on everything. Now they are slapping chats.
Recently had to fill personal details for laundromat (swedbank) new KYC requirements. GDPR is a perfect Trojan horse.
Stream of cookie banners, scrutiny of how companies manage users' data instill a fake sense of privacy, when in reality govs consolidate and expand their reach.
Somehow "midwits" have not uttered a word in 09-19' expansion.
I'm waaay more interested what #[0] has to say now, than i was during Twitter takeover and "releases".
Haven't read report yet. Troubling to say the least.
Last building permits reading was *up* MoM. Now data suggest builders confidence is improving all while rates are still climbing up.
#Housing just won't budge. Seems sector learned 08' lessons.
Good and bad. Good for economy, bad for taming inflation aaand stocks.
Actually this reminds me of an old piece I wrote:
https://www.generalistlab.com/insights/life/dance-of-freedom/
Comment under techno track:
"I love how even thousands of years of technological advancement hasn't killed the primal desire to violently shake our limbs to steady rhythms"
🎵
#[0]
Any update on android feed in the pipeline? Getting frustrating. Sometimes loads, but on first interaction, when going back, fails.
Haven't noticed oil has been sitting below <70 USD for some time.
SPR has not been tapped since YTD, despite Biden admin announcement to draw more.
In Q4 call #SQ shared, they will be focusing on gross profit growth + adj operating profit margin, that takes into account SBC and LT target of 40%.
Welcome to sanity. Better late than never.
Jack:
"we want to account for real cost of the business. [...] we heard from a lot of the broader investment community that SBC, the way it's accounted for, it just doesn't make sense. And we listened, we wanted to really see it as true cost and reported as such and hold bar to ourselves on making sure that we integrate that as a real cost"
👏
Cloudflare: aggressive, but not (yet?) in numbers.
Q4 revenue growth:
$NET: 42%
$ZS: 61%
Evening, last track on radio before getting out of car. This was my introduction & immediate respect to Mark Lanegan, who sadly passed away a little over year ago. Sensitivity and poetry resembles Cohen.
Last Time Leaving Home Pt 2 (2019)
#GLMusicDiscovery
In case you didn't feel awkward in a while, here's Yellen trying to explain how bailing depositors (incl. chinese) is free for taxpayers and why they incentivize flow to "too big to fail" houses.
Microsoft today announced copilot for Office 365. Here's turbo charged power point:
#MSFT
pv 😎 Relay updates 😎
Iris has a list of the most popular relays so curating your relays is easier now.
If the feed feels a bit crumby try this first: https://github.com/irislib/faq#try-this-first. The frequent updates may mess up things a bit temporarily.
Only show popular suggested relays that are not yet connected. Useful for newcomers regardless!
US EV/Semi capex 2020-2022. Even if you chop off 10% to inflation, growth is staggering.
Reshoring...
#Biden #Semi #capex
Just copy the noteid and paste it on the note you want to quote.
https://github.com/irislib/faq#notes
#[0]
Thank you! Testing:
#[1]
P.s. meant no idea*, not now in original note.
Now idea how to embed note on nostr (quote tweet). Can't undo repost, Can't see any additional options neither on snort, nor #[0]
Iris, additional request for mobile: zoom opened picture would be nice. 🙏🏽