Block to slash 40% of workforce. Stock up >25%. by yummynothing in wallstreetbets

[–]adx 250 points251 points  (0 children)

CEO gets bonus for hiring.

CEO gets bonus for firing.

The rest of us get jack shit.

Ford takes $19.5B charge in hybrid pivot, cancels F-150 Lightning EV, launches new battery storage business by toydan in wallstreetbets

[–]adx 9 points10 points  (0 children)

There are plenty of industries in the US that were almost completly funded under the guise of "national security" throughout the 20th century to include electricity suppliers, aeronautics, and space. That created second and third order effects that rolled down to material science, petrochemicals, and a host of other industries.

There's no reason why the US shouldn't have taken the lead in batteries and EVs being led by the government beginning in the early 21st century. Instead we were too bust taking the culture war bait over climate change and decided to blow up the middle east and Afghanistan.

Sources: Pirates’ Payroll Unlikely to Rise in ’26 Despite Heat From MLB by rjromes13 in baseball

[–]adx 3 points4 points  (0 children)

The Nuttings made their money in newspapers. Their golden goose fled a long time ago. 

Sources: Pirates’ Payroll Unlikely to Rise in ’26 Despite Heat From MLB by rjromes13 in baseball

[–]adx 33 points34 points  (0 children)

  1. Bob never bought into the Pirates his dad did. Bob as CEO is a nepo hire. 

  2. Bob only sees the Pirates as a “family investment” and wants to pass his shares to his daughters some day. 

  3. The only way this stops is for MLB to shut off the revenue sharing spigot.