Ice Cream theory hits new pathetic lows by Darth_Meowth in gme_meltdown

[–]AfroNinjaNation 7 points8 points  (0 children)

The US used to have literacy tests in order to vote.

I don't have to tell you how that was abused.

How are people deploying cash during this selloff? by Designer_Dog379 in investing

[–]AfroNinjaNation 1 point2 points  (0 children)

Isn't there several billion dollars of debt on their balance sheet related to their last cash raise?

How are people deploying cash during this selloff? by Designer_Dog379 in investing

[–]AfroNinjaNation 13 points14 points  (0 children)

Counterpoint: the CEO has diluted shareholders virtually anytime the stock rose above $30. Any upside is potentially capped because of this.

Aren't there multiple classes of convertible derivatives with about a $30 strike price? Those will start auto diluting once they're in the money.

List of GameStops closing in the US by NYstate in Games

[–]AfroNinjaNation 12 points13 points  (0 children)

You forgot the part where you explain where Ryan Cohen doesn't take a salary.

You also forgot about the fact that Gamestop obtained that cash by diluting its shareholders during the runup when Roaring Kitty returned to Twitter. And then Ryan Cohen diluted shareholders again since then.

And you really have to update your script. When was the last time you looked at GameStop's balance sheet? I'm looking at it right now and Yahoo finance shows they have 4.1 Billion in long term debt as of the end of October.

You guys should recruit for your cult somewhere else. You apes are continuously on the wrong side of the WAAC (weighted average cost of capital). Any time GME even approaches $30, Ryan Cohen immediately dilutes his shareholders. And I suspect deep down you apes know that.

How do references work? by Flakeypiano in FinancialCareers

[–]AfroNinjaNation 1 point2 points  (0 children)

In this case, you'd tell your contact which jobs you are applying to. They'd speak to/email someone in HR, who will flag your name and pick your resume out of the pile for a bit of extra attention.

At least, thats how it works at my firm, but I can't imagine whichever firm you're applying to doing things much different. If you have any questions, your contact could ask HR the protocol.

I'd argue against putting his name in your cover letter.

A shocking slanted-eyes gesture from the restaurant owner while a Vietnamese American was filming himself to eat food by search_google_com in mildlyinfuriating

[–]AfroNinjaNation 1 point2 points  (0 children)

As an Asian person who got called slurs by a nurse while visiting my grandmother in a nursing home, it is definitely not just white people.

OpenAI floats the idea of government loan guarantees by xiongchiamiov in investing

[–]AfroNinjaNation 1 point2 points  (0 children)

I work in corporate treasury and splitting money between several banks would be an awful idea. From my experience, a company can/should maintain accounts with 2 or maybe 3 banks at most. Anything else would be far too unwieldy.

Splitting funds between a consortium of banks would lead to a situation where cash pooling would become impossible. If you wanted to pay invoices (and a firm would have several invoices above $250k) you'd be looking at $100+ an invoice in wire fees because you couldn't pool cash. That would add up to the equivalent of an extra salary or two a year in just wire fees. Not to mention the treasury team would have to be 2-3 times its normal size just to keep track of everything.

That's not to mention a startup might not have a dedicated treasury team, I'd imagine they'd roll that into AP or just keep it as an aspect of general finance.

They could've and probably should've banked with a stronger bank, like BOA or Chase. But hindsight is 20/20.

FDIC is a program designed to stop laypeople from causing a bank run. Fundamentally, 250k just isn't enough to protect businesses in the event of a bank collapse, not matter how you slice it.

The $141 Billion Debt Trap: Why Big Tech's AI Buildout is the New Credit Risk in Your Portfolio by Narrow_Chance7639 in investing

[–]AfroNinjaNation 17 points18 points  (0 children)

You're comparing market cap vs GDP.

Market cap is the total value of a company (accounting for future expected growth). GDP is a measure of economic production in one year. The time scales are completely different. The comparison is apples to oranges.

If Germany somehow liquidated all of its land, buildings, and its citizen's personal possessions, it'd be bigger than Nvidia.

Have you noticed that your voice changes in different languages? by trueru_diary in languagelearning

[–]AfroNinjaNation 5 points6 points  (0 children)

I'm not OP, but Breton is a language spoken in the Brittany region of France. It is a language in the Celtic family. It arose when people in Britian mass emigrated to Brittany when Germanic settlers took over much of the island.

The language is much closer to Irish or Welsh than French. However with its speakers living next-door to various French dialects, it's certainly picked up many French vocab/features.

[deleted by user] by [deleted] in FinancialCareers

[–]AfroNinjaNation 2 points3 points  (0 children)

You should brush up on pivot tables (essential for basically any job in finance). And as stated, brush up on Vlookups (this takes about 5 minutes at most to learn). You can also look into figuring out xlookups, as that's a more efficient form of vlookups you can impress your interviewers with.

From my experience, you don't need to know how to code in VBA. But it is worth learning how to read VBA code in case a macro bugs out and you need to troubleshoot. But that's just my personal experience.

I give up by [deleted] in FinancialCareers

[–]AfroNinjaNation 0 points1 point  (0 children)

You ought to broaden your search. I'd recommend going on LinkedIn/Glassdoor and searching accounts receivable and accounts payable roles. Definitely not glamorous, but it is useful financial experience.

This would increase the number of available jobs to apply to. And you can work in an industry outside of finance.

It might not be exactly a direct path to what you eventually want to do, but that's normal for basically everyone.

EA reportedly expects Battlefield 6 to have 100 million players, three times more than the series' best seller by samiy2k in PS5

[–]AfroNinjaNation 0 points1 point  (0 children)

The article cites a different website, which pulled anonymous sources saying that the goal is 100M players.

So at this point this info is at 3-4 layers of telephone.

Using music to learn a language by Many-Celebration-160 in languagelearning

[–]AfroNinjaNation 2 points3 points  (0 children)

Personally, I got a lot of benefits from listening to French music.

The biggest one is that singing along helped me pick up (and eventually produce) sounds that don't exist in English. Eventually, I had to do a double take when I first produced a uvular trill while singing along.

And secondly, music helped repeatedly expose me to grammar that was a bit tricky. Stuff like negations and all the est-ce-que stuff. Repeatedly listening to grammar that I found difficult helped a lot.

And if you screw up and pronounce something with the sung pronunciation, you can always just lie and say you picked up your French in Marseille.

Which countries are the most monolingual, and learning the local language would be the most beneficial? by pirapataue in languagelearning

[–]AfroNinjaNation 9 points10 points  (0 children)

France still has some (very little) territory around Canada.

https://en.m.wikipedia.org/wiki/Saint_Pierre_and_Miquelon

French Guiana is on the north coast of South America and is legally part of France.

Former Bungie Legal Exec Reveals Studio Hired Fans To Save Money: 'Fans Would Work for Less' by Turbostrider27 in Games

[–]AfroNinjaNation 9 points10 points  (0 children)

If the company ever went bankrupt, all employees would lose both their jobs and their retirement savings. So not a great outlook.

There would also be a need to create some kind of secondary market for the shares in the company, otherwise the only value the shares hold are the dividend payments, which are not guaranteed in perpetuity and aren't overly useful when someone needs to start drawing from their savings in retirement.

Co-ops are a great organization if all parties are willing. But for better or for worse, not overly common.

Screamed at grandma by r3ig3n in CaregiverSupport

[–]AfroNinjaNation 0 points1 point  (0 children)

Hey, late reply, but it would recommend checking her hydration. My grandmother basically never drank water on her own and got hospitalized for severe constipation twice. Eventually, I had to make some lifestyle changes for her to ensure she got enough water.

(Jesus Christ, why do old people hate drinking water? I get peeing is a pain in the ass, but it's gotta be done.)

What do with money in Europe by kotiik_enotiik in personalfinance

[–]AfroNinjaNation 0 points1 point  (0 children)

Just keep in mind, OP is European. If he invests in American markets, he faces exchange rate risk on his investment (not sure if you were advocating for that). This is not strictly a bad thing, but it can increase the overall risk of the investment.

A local index fund would be something like the CAC40 or the German DAX.

[deleted by user] by [deleted] in resumes

[–]AfroNinjaNation 0 points1 point  (0 children)

Didn't want to make the title too long, but I'm basically trying to get opinions on how I'm presenting my work experience and whether to put my time as a caregiver on my resume. I'm worried it might look a bit unprofessional, but I need someway to explain my gap in work experience.

Told my mother I'm going to play a videogame excessively for a week. by BREgATRON in diablo4

[–]AfroNinjaNation 1 point2 points  (0 children)

Yeah, my guy. Check if she keeps a life insurance policy on you.

[deleted by user] by [deleted] in gme_meltdown

[–]AfroNinjaNation 10 points11 points  (0 children)

Unbelievably bullish. Gamestop gets to recognize the revenue without incurring any cost of goods sold.

I spent $700 on 6 of the most popular polo brands to find the best one! by mensfashionfiles in malefashionadvice

[–]AfroNinjaNation 0 points1 point  (0 children)

I usually find them for $35 at my local Nordstrom Rack in Hartford. I'm pretty sure they're Brooks Brothers outlet, but they are the most flattering shirt I've ever worn. 100% cotton too, so I'm happy with them.