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ShoCkeyy
Profile Blog Joined July 2008
7815 Posts
September 08 2021 18:29 GMT
#1561
Is this the start of the incoming financial crisis everyone has been talking about? lol
Life?
KwarK
Profile Blog Joined July 2006
United States42640 Posts
September 08 2021 18:37 GMT
#1562
On September 09 2021 03:29 ShoCkeyy wrote:
Is this the start of the incoming financial crisis everyone has been talking about? lol

The one that has been predicted monthly since 2011?
ModeratorThe angels have the phone box
Vivax
Profile Blog Joined April 2011
21972 Posts
September 08 2021 19:32 GMT
#1563
Might have to hit the natural limits of permanent bailouts and currency stabilization first, the likely limit would be in commodities imho.
The 2008 defaults caused big devaluations of the respective currencies. What would spike during a yuan crash (or crash with it)?
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
September 10 2021 15:54 GMT
#1564
Big news regarding the Epic v Apple:

Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday.

Rogers ordered an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing, of which it takes 15% to 30% of gross sales.

The injunction addresses a longstanding developer complaint and suggests the possibility that developers could direct their uses to their website to subscribe or purchase digital content, hurting Apple’s App Store sales.

The decision concludes the first part of the battle between the two companies over Apple’s App Store policies and whether they stifle competition. Apple won on 9 of 10 counts but will be forced to change its App Store policies and loosen its grip over in-app purchases.

Rogers said that Apple was not a monopolist and “success is not illegal.”


Source

Apple is down over 3%.
"Smokey, this is not 'Nam, this is bowling. There are rules."
Gorsameth
Profile Joined April 2010
Netherlands21665 Posts
September 10 2021 16:29 GMT
#1565
On September 11 2021 00:54 {CC}StealthBlue wrote:
Big news regarding the Epic v Apple:

Show nested quote +
Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday.

Rogers ordered an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing, of which it takes 15% to 30% of gross sales.

The injunction addresses a longstanding developer complaint and suggests the possibility that developers could direct their uses to their website to subscribe or purchase digital content, hurting Apple’s App Store sales.

The decision concludes the first part of the battle between the two companies over Apple’s App Store policies and whether they stifle competition. Apple won on 9 of 10 counts but will be forced to change its App Store policies and loosen its grip over in-app purchases.

Rogers said that Apple was not a monopolist and “success is not illegal.”


Source

Apple is down over 3%.
you have to go through our store is basically a monopoly...

But since they argue they aren't and are just successful I'm sure this policy chance will have no effect on them at all /s.
It ignores such insignificant forces as time, entropy, and death
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
September 10 2021 18:02 GMT
#1566
On September 11 2021 01:29 Gorsameth wrote:
Show nested quote +
On September 11 2021 00:54 {CC}StealthBlue wrote:
Big news regarding the Epic v Apple:

Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday.

Rogers ordered an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing, of which it takes 15% to 30% of gross sales.

The injunction addresses a longstanding developer complaint and suggests the possibility that developers could direct their uses to their website to subscribe or purchase digital content, hurting Apple’s App Store sales.

The decision concludes the first part of the battle between the two companies over Apple’s App Store policies and whether they stifle competition. Apple won on 9 of 10 counts but will be forced to change its App Store policies and loosen its grip over in-app purchases.

Rogers said that Apple was not a monopolist and “success is not illegal.”


Source

Apple is down over 3%.
you have to go through our store is basically a monopoly...

But since they argue they aren't and are just successful I'm sure this policy chance will have no effect on them at all /s.


Epic has to pay Apple $4 million. Apple will lose billions in App store revenue. Pretty clear to see who won this war, so not sure why everyone is proud to have supported Apple in this fight.
"Smokey, this is not 'Nam, this is bowling. There are rules."
LegalLord
Profile Blog Joined April 2013
United Kingdom13775 Posts
Last Edited: 2021-09-10 20:36:47
September 10 2021 20:34 GMT
#1567
Seems fair. I remember the arguments being pretty pro-Apple back when this first started (struggling to remember why at this point), but requiring that 30% toll for using the Apple store seems pretty monopolistic to me.
History will sooner or later sweep the European Union away without mercy.
Acrofales
Profile Joined August 2010
Spain17980 Posts
September 10 2021 21:17 GMT
#1568
On September 11 2021 05:34 LegalLord wrote:
Seems fair. I remember the arguments being pretty pro-Apple back when this first started (struggling to remember why at this point), but requiring that 30% toll for using the Apple store seems pretty monopolistic to me.

It's a monopoly on Apple phones. Apple doesn't have a monopoly on phones tho. Android is alive and well, and Huawei has their own shit that seems to be doing okay.

Do I agree with Apple's store policy? Heck no. But I also own an Android phone, in large part because of that.
LegalLord
Profile Blog Joined April 2013
United Kingdom13775 Posts
September 10 2021 22:41 GMT
#1569
On September 11 2021 06:17 Acrofales wrote:
Show nested quote +
On September 11 2021 05:34 LegalLord wrote:
Seems fair. I remember the arguments being pretty pro-Apple back when this first started (struggling to remember why at this point), but requiring that 30% toll for using the Apple store seems pretty monopolistic to me.

It's a monopoly on Apple phones. Apple doesn't have a monopoly on phones tho. Android is alive and well, and Huawei has their own shit that seems to be doing okay.

Do I agree with Apple's store policy? Heck no. But I also own an Android phone, in large part because of that.

I mean, that sounds a lot like saying "don't like Microsoft's behavior with Internet Explorer? Just use Mac/Linux/etc instead!" back in the browser wars era. The Apple ecosystem is a bit too important for simply boycotting it to be a viable option, not to mention that it tends to be copied by competitors if effective.

I won't pretend to have a full understanding of the issue here (which seems to be fairly subtle legally), and this evidently isn't a huge win for either party. But the iOS platform has a bit too much pull for "their platform, their rules" to be a good standard. They hold enough pull to exert monopolistic pressure, and that has to be regulated.
History will sooner or later sweep the European Union away without mercy.
Acrofales
Profile Joined August 2010
Spain17980 Posts
September 10 2021 23:02 GMT
#1570
On September 11 2021 07:41 LegalLord wrote:
Show nested quote +
On September 11 2021 06:17 Acrofales wrote:
On September 11 2021 05:34 LegalLord wrote:
Seems fair. I remember the arguments being pretty pro-Apple back when this first started (struggling to remember why at this point), but requiring that 30% toll for using the Apple store seems pretty monopolistic to me.

It's a monopoly on Apple phones. Apple doesn't have a monopoly on phones tho. Android is alive and well, and Huawei has their own shit that seems to be doing okay.

Do I agree with Apple's store policy? Heck no. But I also own an Android phone, in large part because of that.

I mean, that sounds a lot like saying "don't like Microsoft's behavior with Internet Explorer? Just use Mac/Linux/etc instead!" back in the browser wars era. The Apple ecosystem is a bit too important for simply boycotting it to be a viable option, not to mention that it tends to be copied by competitors if effective.

I won't pretend to have a full understanding of the issue here (which seems to be fairly subtle legally), and this evidently isn't a huge win for either party. But the iOS platform has a bit too much pull for "their platform, their rules" to be a good standard. They hold enough pull to exert monopolistic pressure, and that has to be regulated.

Sure, but at the time Windows was the OS for over 90% of PCs. Apple is nowhere near 90% of the market of smartphones. Also, M$ aggressively pushed existing competitors (Netscape) out of the market with how they basically locked MIE in as default browser (unless you jumped through hoops, which I did). MIE lost the browser wars hard and had marginal market share until it got aggressively marketed with Windows.

Apple store was set up to be monopolistic from the very beginning. If you bought an iPhone it was clear you were locked into the Apple ecosystem which was 100% controlled by Apple. It isn't really the same situation.

Not that I really care too much. Apple getting taken down doesn't do much for me either way. Just pointing out that any kind of anti-monopoly case is going to be a LOT harder to argue in this situation.
Blitzkrieg0
Profile Blog Joined August 2010
United States13132 Posts
September 10 2021 23:11 GMT
#1571
On September 11 2021 08:02 Acrofales wrote:
Not that I really care too much. Apple getting taken down doesn't do much for me either way. Just pointing out that any kind of anti-monopoly case is going to be a LOT harder to argue in this situation.


But this is the real issue. Apple is getting taken down a peg while the big console makers do the exact same thing, but skate by for some reason. I'd love for Apple to start selling their phones at a loss just to see what Epic does in response.
I'll always be your shadow and veil your eyes from states of ain soph aur.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2021-09-15 12:53:47
September 15 2021 12:47 GMT
#1572
China has announced that the Evergrande Group will not be able to make interest payments to Banks next week. This is Lehman on steroids but in also in this case Evergrande doesn't have any cash to pay contractors to finish projects. So they are having to pay via parking spots, and houses which may or not have even been built yet.

"Smokey, this is not 'Nam, this is bowling. There are rules."
cha0
Profile Joined March 2010
Canada504 Posts
September 15 2021 18:24 GMT
#1573
On September 11 2021 03:02 {CC}StealthBlue wrote:
Show nested quote +
On September 11 2021 01:29 Gorsameth wrote:
On September 11 2021 00:54 {CC}StealthBlue wrote:
Big news regarding the Epic v Apple:

Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday.

Rogers ordered an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing, of which it takes 15% to 30% of gross sales.

The injunction addresses a longstanding developer complaint and suggests the possibility that developers could direct their uses to their website to subscribe or purchase digital content, hurting Apple’s App Store sales.

The decision concludes the first part of the battle between the two companies over Apple’s App Store policies and whether they stifle competition. Apple won on 9 of 10 counts but will be forced to change its App Store policies and loosen its grip over in-app purchases.

Rogers said that Apple was not a monopolist and “success is not illegal.”


Source

Apple is down over 3%.
you have to go through our store is basically a monopoly...

But since they argue they aren't and are just successful I'm sure this policy chance will have no effect on them at all /s.


Epic has to pay Apple $4 million. Apple will lose billions in App store revenue. Pretty clear to see who won this war, so not sure why everyone is proud to have supported Apple in this fight.


From what I have read the court case only has made it so Apple must allow Epic to use their own payment processor/method. Apple can still charge the same commission per sale 30% or w/e they set. So don't think Apple will lose that much, just the cost of invoicing/tracking the payment method Epic uses.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2021-09-16 21:05:49
September 16 2021 20:56 GMT
#1574
China Evergrande can't even sell its' subsidiaries and other assets because they too are losing value faster than their parent company. Their EV arm two weeks ago lost $80 billion in value in just one day. Now trading of their bonds has been suspended. Again.

"Smokey, this is not 'Nam, this is bowling. There are rules."
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2021-09-17 14:34:40
September 17 2021 14:24 GMT
#1575
So a fire sale? Perhaps TL can team up and buy a parking lot, maybe an office building

"Smokey, this is not 'Nam, this is bowling. There are rules."
Emnjay808
Profile Blog Joined September 2011
United States10655 Posts
September 17 2021 19:58 GMT
#1576
SPCE up 7% today. I guess Elon sending civilians into space is good for everyone :D
Skol
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2021-09-19 03:25:31
September 19 2021 03:24 GMT
#1577
Gods I wish SpaceX was a publicly traded company right now. But Space stocks should benefit from this come Monday. Especially companies like Rocket Lab($RKLB) and Redwire Corporation($RDW).
"Smokey, this is not 'Nam, this is bowling. There are rules."
pebble444
Profile Blog Joined March 2011
Italy2497 Posts
September 19 2021 08:24 GMT
#1578
How do I invest money to get back a small return of it every month, while keeping intact the main sum, at a low risk?
"Awaken my Child, and embrace the Glory that is your Birthright"
evilfatsh1t
Profile Joined October 2010
Australia8647 Posts
September 19 2021 10:03 GMT
#1579
On September 19 2021 17:24 pebble444 wrote:
How do I invest money to get back a small return of it every month, while keeping intact the main sum, at a low risk?

technically a savings account in a bank fits your description
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
Last Edited: 2021-09-19 15:01:59
September 19 2021 15:01 GMT
#1580
So now China Evergrande are pushing employees to give money to elevate the companies cash reserves. They already owe back pay to some employees/contractors and now this.

https://www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.html

And according to Barclays they have yet to finish building 1.6 million properties for buyers.
"Smokey, this is not 'Nam, this is bowling. There are rules."
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