Just your typical internet guy with questionable humor

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Joined 2 years ago
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Cake day: June 22nd, 2023

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  • his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir (…) Palantir’s market cap is also up over 150 percent year-to-date. Its current valuation is upwards of 200 times its forward earnings, spreading fears that it may be grossly overvalued.

    He knows which one is more likely to get really fucked in this bubble and it’s not the shovel seller

    Burry similarly made a long-term $1 billion bet from 2005 onwards against the US mortgage market, anticipating its collapse.

    Can we assume his puts aren’t for 2026, but at least 2028 or later?

    As CNN points out, Burry’s track record isn’t perfect. For instance, he called in January 2023 to “sell” in a now infamous tweet

    Something something irrational solvent something

    Palantir CEO Alex Karp: “The two companies he’s shorting are the ones making all the money,”

    One of the companies is making all the money and it’s not Palantir.













  • So you’re telling me M$ will kill the xbox division for good?

    An Xbox spokesperson said in a statement that they take a long-term view of their business and that success “doesn’t look the same across every project or priority.” - “We look at the business as a whole, balancing creativity, innovation, and sustainability across a diverse portfolio of offerings,” the spokesperson said.

    HAAAAAAAAAHAHAHAHAHAHAHAHAH AHHAHAHAHAHAHA
    Oh my fucking god, these corporate stooges

    To account for the lost sales, Xbox offers its developers a credit, which it calls “member-weighted value” and is calculated based on several factors, such as the number of hours that Game Pass players collectively spend on a particular title. The opaque formula seems to favor games in which players can spend the most amount of hours, such as online multiplayer titles, according to people familiar with the calculations.

    Interesting, that explains why some studios are getting fucked out of that deal

    In July, Hood said on a call with investors that operating income in the Xbox division rose 34% for the quarter that ended in June due to “continued prioritization of higher margin opportunities.” The company is due to report earnings again on Oct. 29.

    I’m sure M$ can keep cancelling projects and firing people ad infinitum to ensure a continual rise of operating income /s