Gravel
Mr. Poopybutthole
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Wonder where their CFO got their degree. That's insane.
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Investing General Discussion
- Thread starter Furious
- Start date
Wonder where their CFO got their degree. That's insane.
Lol, that sounds like the microlending fintech startup my wife briefly worked for, where their chosen growth metric was outstanding customer loans and she was repeatedly instructed to lower the selectivity of their credit-worthiness algorithm because they couldn't find any customers who were actually going to pay them back. "But we have to grow! Lower the standards!" Giant dumpster fire of VC money.
My favorite client of theirs, I shit you not, sold specifically fireproof sex toys.
Stanford, apparently. But it was a PhD in economics, so this probably makes sense to him.
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Mist
Eeyore Enthusiast
- 30,500
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Now is the time to invest in companies that actually make money instead of ones that pretend to make money. 80% of Fintech companies aren't going to be around a year from now and same with a bunch of these apps.Lol, that sounds like the microlending fintech startup my wife briefly worked for, where their chosen growth metric was outstanding customer loans and she was repeatedly instructed to lower the selectivity of their credit-worthiness algorithm because they couldn't find any customers who were actually going to pay them back. "But we have to grow! Lower the standards!" Giant dumpster fire of VC money.
My favorite client of theirs, I shit you not, sold specifically fireproof sex toys.
Stanford, apparently. But it was a PhD in economics, so this probably makes sense to him.
I am assuming they were originating the loans at 3.9% and then selling the collateralized loan back off to some bank almost immediately so the amount of time where they were borrowing at 10+ percent to lend at 3.9 should be measured in days or weeks at most for each individual loan. The alternative is no sale at all because no one is going to buy a car at 10% just because the dealer has shit credit for some reason.
It really isn't crazy at all.
It really isn't crazy at all.
Khane
Got something right about marriage
- 19,931
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Kirun
Buzzfeed Editor
- 18,763
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This is going on all over the "tech" sector and has been since at least wide adoption of smart-phones (2012-2014ish). Companies that are essentially just lighting VC money on fire, hoping to have sales "growth" for just enough quarters to trick some monolith into acquiring them, before the house comes crumbling down.
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Sanrith Descartes
Von Clippowicz
- 41,569
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Sanrith Descartes
Von Clippowicz
- 41,569
- 107,661
Burns
Avatar of War Slayer
- 6,300
- 12,710
Wat?! What's the name of that company?
Spartans, prepare for battle, for tonight we FAP IN HELL!!
Sanrith Descartes
Von Clippowicz
- 41,569
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This may be important. What do you do if your the gubmint and you don't like the CPI number? You change the formula to lower it. Don't be surprised if the number comes in lower than it should and the retards, I mean the market, goes buy, buy, buy!
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Sanrith Descartes
Von Clippowicz
- 41,569
- 107,661
Wingz
Being Poor Sucks.
- 12,528
- 38,699
Here's what vehicle prices would look like if everyone owned an government subsidized electric car!
Furry
WoW Office
- 19,766
- 25,070
I think tech companies are about pumping your stock so you can cash in, not actually making money. If you come with the cynical perspective it actually makes sense.
Sanrith Descartes
Von Clippowicz
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We are fucking doomed! Sell it all now and buy seeds and ammo!
finance.yahoo.com
Jim Cramer says 'leaving the market is a mistake' — here's what he's most bullish on right now
Mr. Mad Money remains optimistic.
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karma
Molten Core Raider
- 444
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USA CPI (YoY) for Apr 8.300% vs 8.100% consensus estimate. The prior reading was 8.500%
USA CPI (MoM) for Apr 0.300% vs 0.200% consensus estimate. The prior reading was 1.200%.
USA Core CPI (YoY) for Apr 6.200% vs 6.000% consensus estimate. The prior reading was 6.500%.
USA Core CPI (MoM) for Apr 0.600% vs 0.400% consensus estimate. The prior reading was 0.300%.
USA CPI (MoM) for Apr 0.300% vs 0.200% consensus estimate. The prior reading was 1.200%.
USA Core CPI (YoY) for Apr 6.200% vs 6.000% consensus estimate. The prior reading was 6.500%.
USA Core CPI (MoM) for Apr 0.600% vs 0.400% consensus estimate. The prior reading was 0.300%.
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Sanrith Descartes
Von Clippowicz
- 41,569
- 107,661
Sanrith Descartes
Von Clippowicz
- 41,569
- 107,661