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Discussion in 'The Mainboard' started by Whammy, Apr 14, 2022.
are we sure she's not a Black Mirror writer workshopping ideas for season 6?
Why would anybody thing anybody would rather do any of those things for a token than for straight cash?
Dying at her thinking she’s come up with a great idea for Costco, who literally only makes money by getting people to buy memberships
But what if…and hear me out, We remove Costco’s main revenue stream and replace it with non-members who will buy products that Costco takes a loss on?
But think of the volume of items they'll sell at a small loss!
She's really dumb, but membership fees are only a small part of Costco's revenue/profit. Costco isn't taking a loss on many items.
Memberships are traditionally like 75-85% of their GP
Gross profit was $25b in 2021, membership fees were only $3.9b.
goddamn I should have invented Costco.
At the same time, that's an insane way to quantify it. Costco sales revenue were $192B and memberships were $3.9B in revenue, with a gross profit was $5B. It is weird say memberships were therefore 80% of gross profit when the comprison doesn't make sense.
Especially when the gross profit was actually $25B.
wouldn’t cost of sales be next to nothing on memberships while goods have a small margin?
eat shit fuck face
a useful thing for civilization would you be liquidating all your assets, giving them to build affordable housing and pay off student loan and medical debt, solving world hunger and then jumping off a bridge
Gross profit margin is like 10-11% iirc. Much lower than say Target or Wal Mart but they are still making a lot of money when they have $200b in revenue.
I was just saying in general. obviously the actual numbers say a different story but if they made $7B GP and $5B revenue membership sales then it would make sense to say membership sales make up ~70% of their GP. even if total revenue was $100B.
Hard to quantify the cost of sales, but some of it would be employees and advertising, so maybe. You're probably right on good sold. But it's probably not the straight line accounting or the dude would have used those numbers. If membership account for 2% of the renevue and even 10% of the profit, that's amazing. I would say that.
And the GP number the guys uses is wildly wrong.
I remember going to Dollywood as little kid in 1995 and my mom buying "Dolly Dollars" or whatever they were called at the gate. And handing them to me to spend on carnival games.
That's why I'm investing in Pepsi Coin, so I can buy Pepsi for 97 cents on the dollar. And resell it at volume.
The little bitch got exactly what he wanted until people started pointing out that hes a huge scumbag from an extremely weird family
I’m stating the obvious probably but everyone keeps saying something along the lines of “why can’t these ruthless oligarchs just buy an island and go away. Maybe do some good in the world. I know I would”.
Not to in any way give them credit, but that’s why they’re billionaires. They live to exploit and attain more. Take not give. It’s disgusting and we’ve created the optimal environment for them to thrive and receive adoration from many for doing it.
Epstein had an island
Me sowing: Look at me! I’m so witty!
Reaping: Everyone is paying me all this attention. I don’t like it.
Hopefully that means he's jumping off a bridge
"The amount of attention I'm getting is negatively affecting me while others are benefitting, so I am going to avoid that and focus my attention on making the world a better place", he said while wasting time and seeking attention on social media.
Little late but don’t care
worth the wait
How strong of a case does twitter have / how fucked is musk
In a world where shit matters he would be fucked. He’ll skate with a fine because nothing matters.
Twitter has a good case for heavy damages and some case for making Musk by the company. But how fucked is he? Zero. Worst case scenario he's still a billionare who doesn't own Twitter and doesn't control Tesla (because he has to sell too much if it to pay damages).
i've heard conjecture a settlement for the difference between price when the merger was announced and tender price could be an option. so yeah heavy slap on the wrist actually, but won't change a thing in the grand scheme. i'd like to see some sanctions leveied against wrt to mergers in the future though ...
You mean best case scenario?
Oh most definitely. The worst case for Elon is the best case for the world. But there is no case where he's broke.
In a just world the Twitter employees who lost their jobs because of this would get damages payment as well.
It feels like most give Musk some sort of advantage in the courts system. This ain’t Trump going up against some subcontractors, Twitter big wigs have billions on the line themselves here.
Benny Johnson, eh?
seems like a pretty serious guy
It’s the first one that popped up
The bios of these troglodytes are always good for a laugh (and cry when you realize they have nonzero influence)
you need to vet your Twitter better
I do not wish to hear the opinions of the guy who fucks his step daughter.
I’ve contemplated many times quitting Westworld but it really seems like something Elon would do
Those 2 things aren’t related