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Discussion in 'The Mainboard' started by Menelaus, Mar 10, 2023.
I like Roku
You just made an enemy for life pal!
I find the attempt to call this not a bailout kind of silly.
Especially if there is no regulatory or legislative response going forward it's very obviously a one off bailout
Anyone who says Founders are sympathetic needs to watch Deep Space Nine
Makes sense that the olds get them and it feeds them fascism now that you mention it
Can’t jailbreak it. Trash device.
Really? Because I think it’s pretty basic politics that a bailout is something political leaders you disagree with do to give money to people who don’t deserve it and I don’t think anyone wants to spend airtime explaining the nuances.
Having been part of a startup that launched and then took an exit, founders are one of two people:
1) Good hearted people that believe in what they’re doing (failures)
2) Sociopaths (successes)
Roku has a desperate business model that will inevitably fall apart in due time. Whether it was a banking failure or the fact they’re simply an aggregator with very little proprietary content, something was going to catch up to them.
Was just reading and 4 of their top execs previously worked at the SF Fed, Lehman Bros, CityBank and Freddie Mac. You'd think people with that kind of experience would know what they’re doing.
Will get my first interaction with a party likely impacted by this tomorrow. PE who were about to bid on a mandate we have went to ground last Friday and asked to delay their bid. Looking for a call now tomorrow to get their bid in- thanks to the US taxpayer for keeping that dry powder whole.
I think people need to just move on at this time. There are no lessons to be learned. No one in that class will be punished. Ever. Top 5% up and another group live within different rules different stratospheres. It's over. There is no voting our way out of this. We can sit and squabble over lame af social issues all day and night. They're irrelevant.
It doesn't matter. It's all bullshit.
Lol fuck no these pricks are just winging it
I will say if I ever discuss this with friends and family or people that know this stuff and they ever say the word "contagion" like that has been texted to me and I've read on social media and all these articles I will punch them in the fucking face.
all things considered maybe the funniest post of 2023 so far
Much higher than the top 5%
you don’t need a CFO to do basic risk management. it’s something that any company should do. whether they choose to dedicate a position to it is irrelevant, it’s something any company that wants to be successful has to do
edit: it’s also quite possibly one of the easiest things on earth and I’m sure ChatGPT could be trained to do it in a week
Top 5% is like $300k. It's more like top .05%.
I mean there’s a way out it’s just not pretty and a lot of people will probably die
imagining a startup bro starting a company building an AI that tells other startups if something is a bad idea financially. 10 billion valuation then it goes under because they had all their funds in postage stamps
Personal finance hack: do an emergency fund, fucking hell
Need to keep credit flowing
If it’s one thing I’ve learned from all the biz owners and finance folks online is it ain’t as hard as they want you to think it is and they aren’t as smart as they want you to think they are.
They literally never lose value, they’re called forever stamps Jerry!
Is this a real post you thought would prove a good point
...Is it really only Roku?
You’re painfully dumb. But go ahead and lecture me on how you know more about macro and banking than Lyn…
The way I’ve understood it is that $250k is guaranteed but that doesn’t mean they won’t cover more than that if they can.
I’m grateful to have our funds back. If this dragged on we could have been out of business pretty quickly. Our employees don’t deserve to lose their jobs because Peter Thiels a sociopath.
credit where it’s due folks, he finally made a post that’s factual. real 1000 monkeys with 1000 typewriters situ
statistically, 100% of small business owners in America are complete morons
I see on the internet that robobroker Betterment has a cash reserve acct that is FDIC insured up to one million dollars. Am I Roku CFO now?
wealthfront has a cash acct at 2mill
i'm the cfo now
I’ll never be able take Bill Ackman seriously after Carl Icahn went in on him on cnbc. One of the most bizarre interviews in tv history.
This is spiraling out of control.
Ackman cares about one thing and one thing only: himself
the GFC is the BFG’s fuckup cousin
My experience has always been my roku devices stream better than the built in apps on the tvs or firesticks. Don't give a shit about proprietary content. I mean whose watching only Amazon on their firestick?
They’ve been advanced when it comes to tech - both streaming tech and their ability to monetize advertising using tech. But all the major television conglomerates are catching up in both regards.
Going to be interesting to see how Roku responds. I’m skeptical their larger investments into the hardware side play out well.
It's mostly just dumb luck but the inflated self worth lasts a lifetime.
All these stocks shot overnight. The market makers made their free money. I wouldn’t touch these stocks now.
lol Pacwest was up like 35% last I saw. Feels like it’s mid-2020 again.