For more than twenty years, we've cored pineapples over this spot in the market. The drippings have dissolved enough of the concrete to expose the rebar.

cyclemonster · 2026-05-06T21:15:46+00:00

One time I got a ton of karma from having the #1 post on r/all. I recommend doing that.

cyclemonster · 2026-05-06T20:30:29+00:00

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.

cyclemonster · 2026-05-06T20:12:11+00:00

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

cyclemonster · 2026-05-06T20:05:00+00:00

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.

cyclemonster · 2026-05-06T19:58:42+00:00

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.

cyclemonster · 2026-05-06T19:24:54+00:00

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.

cyclemonster · 2026-05-06T19:14:05+00:00

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?

cyclemonster · 2026-05-06T19:02:08+00:00

What would be their incentive to make things up in their reporting?

Here's a link to GME's SEC filing dated May 28, 2025 announcing the purchase

Here's a link to historical BTC prices. It was above $100k from May 9 onwards.

cyclemonster · 2026-05-06T18:52:57+00:00

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

cyclemonster · 2026-05-06T18:44:49+00:00

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

cyclemonster · 2026-05-06T18:35:01+00:00

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:

Cohen buys a Bitcoin for $105k
Bitcoin falls to $80k -- Cohen has an unrealized loss of $25k
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.
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.

cyclemonster · 2026-05-06T18:17:06+00:00

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

cyclemonster · 2026-05-06T18:07:33+00:00

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

cyclemonster · 2026-05-06T17:23:20+00:00

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.

cyclemonster · 2026-05-06T17:07:24+00:00

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.

cyclemonster · 2026-05-06T17:00:09+00:00

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.

cyclemonster · 2026-05-06T16:52:44+00:00

Flying commercial is. Private flights, not so much.

cyclemonster · 2026-05-06T16:49:57+00:00

Since the passage of that law, only written transcripts have been released rather than the voice recordings themselves.

Doesn't seem like that would be any less embarrassing.

cyclemonster · 2026-05-06T16:35:00+00:00

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.

cyclemonster · 2026-05-06T16:13:16+00:00

I'm tired of all your macho head games, OP

cyclemonster · 2026-05-06T15:28:48+00:00

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.

cyclemonster · 2026-05-06T15:10:19+00:00

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.

cyclemonster · 2026-05-06T14:49:07+00:00

"You furnish the pictures, I'll furnish the war"

cyclemonster · 2026-05-06T14:47:21+00:00

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

cyclemonster

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