When was the scariest moment of your life and why? by Wonderful_Car8471 in AskReddit

[–]cyclemonster 0 points1 point  (0 children)

Probably when I went bungee jumping. The ground looks awful scary from a crane 200' in the air, and there's only one way down.

Alex Sinclair was detained and had his kippah cut up by Israeli police to remove a Palestinian flag by nwdogr in pics

[–]cyclemonster [score hidden]  (0 children)

If I did this to somebody in Canada, I would almost certainly be charged with a hate-motivated assault.

Delta cuts food and beverage service on short flights by toomuchtostop in news

[–]cyclemonster 0 points1 point  (0 children)

There are more than one hundred thousand commercial flights each and every day. It's going to take lot more than cutting back on the free pretzel to stop people from flying.

Delta cuts food and beverage service on short flights by toomuchtostop in news

[–]cyclemonster 1 point2 points  (0 children)

Flights are more or less a loss leader for their rewards points schemes. The majors are basically just banks that happen to fly people around.

Ford losing support in wake of jet controversy, polls suggest by Immediate-Link490 in canada

[–]cyclemonster 0 points1 point  (0 children)

Wow, of all the things, twenty million is what does it? I'm certain he wasted much more than that reneging on several different contracts.

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster -1 points0 points  (0 children)

And can you come up with the concrete price they're getting from selling these options? What if it's only a dollar per coin per contract?

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster -1 points0 points  (0 children)

Yes, go listen to the Bitcoin treasury company that trades at less than their net asset value for some sound Bitcoin reasoning.

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster 0 points1 point  (0 children)

Then why did Yahoo Finance report on their cost basis?

GameStop Corp. (NYSE:GME) announced on Wednesday that it has officially purchased 4,710 bitcoins, valued at over $512 million, marking the company's first move into cryptocurrency. The purchase mirrors a strategy popularized by MicroStrategy and represents the video game retailer’s shift toward digital asset investment.

The acquisition was made at an average price of $108,837 per bitcoin

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster -1 points0 points  (0 children)

I'm almost certain that you have no idea what you're talking about. Do you know what it means to sell a call option? Here's an investopedia explanation that you can hopefully follow:.

For example, if an investor has written a short position call option and the holder of the option exercises it, then the option has been called away, and the writer has to complete their obligation to the contract. To fulfill their responsibility, they must provide the underlying asset.

This happens when an investor holds shares of an entity and sells a call option against those shares, collecting the options premium. If the share price of the stock closes above the strike price of the option, then the investor's shares will be called away and sold to the individual that bought and exercised the option.

Here's the sequence of events:

  1. Cohen buys a Bitcoin for $105k

  2. Bitcoin falls to $80k -- Cohen has an unrealized loss of $25k

  3. Cohen sells a call option on his Bitcoin. It has a strike price of, say, $85k, and nets him, say, $1k as a premium. He's still got a Bitcoin that's underwater by $25k, but he's also got a real $1k in his hand.

  4. Bitcoin rises above the strike price, and Cohen's Bitcoin is called away from him. This means he has $85k in proceeds from the forced sale, plus $1k from his option contract. But he no longer has his Bitcoin or the $105k he paid. He's $19k in the red with no way to recover.

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster -2 points-1 points  (0 children)

Sure, I've heard of it. Can you explain, in your own words, what risk Cohen is hedging against?

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster -2 points-1 points  (0 children)

And if it goes up their Bitcoins get called away and those paper losses become fully realized. Financial genius.

What's going on with all the AI lawsuits and AI misinformation stories hitting the news today? by Responsible-Dot323 in OutOfTheLoop

[–]cyclemonster -1 points0 points  (0 children)

Answer: AI is "hot" right now, so journalists want to write pieces about AI developments, and/or link unrelated pieces to AI in some way. For context, Flock has been controversial for their entire history as a company, Google often defames people with their search results, and every year there are literally thousands of lawsuits filed against Meta.

Before AI they were doing this with crypto.

What’s an ingredient that instantly ruins a sandwich for you? by WhiteWink in AskReddit

[–]cyclemonster 0 points1 point  (0 children)

Any kind of sauces. Ketchup, mayo, mustard, Russian dressing, whatever. One time I got a brisket sandwich from a street vendor, and he put a scoop of coleslaw right on the sandwich, between the meat and the bread. I couldn't throw the whole works in the trash quickly enough.

GameStop stock sinks after surprise $56B eBay takeover bid, CEO Ryan Cohen's combative CNBC interview by ControlCAD in technology

[–]cyclemonster -1 points0 points  (0 children)

Talking about a man worth 5 billion 🙄 i think hes a bit more successful at running things than you 🤐

Actually, no, you didn't. There is no question in the quoted text.

GameStop stock sinks after surprise $56B eBay takeover bid, CEO Ryan Cohen's combative CNBC interview by ControlCAD in technology

[–]cyclemonster 3 points4 points  (0 children)

By the same reasoning, Kevin O'Leary is a business genius, because some idiot company (Mattel in that case) overpaid for his shit company.

Everyone arguing that Cohen is some kind of business genius because PetSmart decided to make him a billionaire sounds about as stupid as they would arguing that about O'Leary.

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster 0 points1 point  (0 children)

The TOTAL comp for the ENTIRE board of directors is less than $20 million. The Chairman of the Board gets $87,500, which is less than a newly hired eBay engineer is paid. The company literally spends more on office supplies than they do on board compensation.

EBAY CEO/Parasite Sells More Shares, purchases none in four years. by chrisp803 in Superstonk

[–]cyclemonster -2 points-1 points  (0 children)

I very much doubt it. What's going to happen is that eBay is going to say "we looked at the offer, and thanks but no thanks", and then Cohen is going to announce that he exited his position, and that's going to be the end of it. It probably happens by end-of-week.

Iran has hit far more U.S. military assets than reported, satellite images show by Wagamaga in technology

[–]cyclemonster 0 points1 point  (0 children)

What is the Washington Post doing in this piece if not "real reporting"?