Trading/Investing Thread - Page 108

On June 07 2022 04:27 Emnjay808 wrote:
Can someone explain to me how a split works like I’m a Golden Retriever?

On June 07 2022 08:38 Sermokala wrote:
Fractional shares are a scam that the offered promises the government it won't enact. Don't do that.

A Twitter Inc. shareholder wants a judge to force the social-media platform to hand over internal files about spam and fake accounts that have become a hot-button issue in billionaire Elon Musk’s $44 billion buyout of the company.

John Solak, who owns five Twitter shares, sued the company in Delaware Chancery Court Tuesday for records related to discussions between its directors and executives about problems with so-called bot accounts.

Musk, co-founder of electric-car maker Tesla Inc., said this week that Twitter is violating the terms of his $54.20-per-share offer by refusing to give him more information about how much of the platform’s traffic is driven by fake accounts. He’s threatening to blow up the deal over the issue.

Read More: Musk’s ‘Buyer’s Remorse’ Won’t Get Him Out of Twitter Deal

“Stockholder’s purpose in seeking these books and records is to investigate the possibility of board-level breaches” of legal duties to investors over directors’ failure to properly oversee public disclosures of the bot numbers, according to the complaint.

Representatives of San Francisco-based Twitter didn’t immediately respond to an email message seeking comment on the suit.

Twitter is incorporated in Delaware, home to more than 60% of Fortune 500 companies. Investors often sue in Delaware to gain access to files of companies incorporated in the state to collect information that can be used in lawsuits against firms or directors. They have to show a proper purpose for accessing the files, however.

Musk has seized on the fact that in regulatory filings, Twitter reported fewer than 5% of all users are bots, while they may make up as much as 20% of the company’s audience. He’s demanding more information about those accounts.

In his suit, Solak also wants files about discussions between Twitter directors and executives on whether Musk damaged the company by disparaging some of its employees and the firm’s attempts to “mitigate” the harm.

The billionaire targeted Vijaya Gadde, Twitter’s lead in-house lawyer, as the platform’s “top censorship advocate” over the company’s decision to prevent users from sharing a New York Post story about President Joe Biden’s son Hunter.

The consumer price index is expected to show a 0.7% increase in May, according to economists polled by The Wall Street Journal. The core CPI that excludes food and energy is seen rising 0.5%.

The 12-month rate of increase in the main CPI is forecast to hold steady at 8.3% and keep it near a 40-year high. The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics.

On June 10 2022 21:35 {CC}StealthBlue wrote:
Well Markets are doomed. Consumer prices rose 1.0% versus .7%. Retail prices are at 8.6%... so recession is coming up.

https://twitter.com/SamRo/status/1535238719837548549



Source

edit: Inflation was at 8.6% just for the month of May... jesus fucking christ.

On June 08 2022 04:44 3FFA wrote:


Can you expand on this? I haven't heard that before.

On June 11 2022 01:21 iPlaY.NettleS wrote:
8.6% year on year.

Is the consensus another 0.5% rate hike next week?

On June 11 2022 13:30 Sermokala wrote:

In almost all cases control over when to sell or hold onto the stock stays with the service that is offering you to "buy a fraction of the stock". They are under no obligation to own enough shares to cover the total number of shares that they have "sold" after combining all those fractions.

What you are being sold is much closer to a gambling position on the value of a stock. A position a company can very easily simply wait to exercise when it benifits them the most.

Say the price of a stock tanks. That company can sell the stock instantly because it uses a computer. You however are not and to tell them to "sell your share" doesn't work because a. You don't own enough of a share to sell a whole share b. You will wait long after the instant sale of their robot allowing for the company to make money on the difference between the price they sold at and the price you are requesting to sell at and c. You have no ownership of the stock nor any real control over the share.

Let's just say there are many more ways they can screw you over and the only way for you to prove it would require an investigation by a government agency that has neither the resources to help you nor the interest in helping someone that isn't rich enough to buy the shares themselves and to not need a fractional share company. It's a scam from the ground up that manages to make enough money to keep itself going as far as anyone knows.

On June 13 2022 08:17 3FFA wrote:

Any chance you can provide a source for this? I've never heard of such a thing and I've been in discussions with top financial professionals for a couple years now. Would be great to have a credible source to start a discussion on this with, if one exists.

On June 13 2022 09:18 Sermokala wrote:

A source for what? The contract for a fractional ownership scheme? The basic concept that robot traders exist or that you don't control the share if you don't own any real part of the share? The sec not having the funding or interest in crimes that face regular people?

You can't just ask for a source like that's an argument.