Dear Vox family, today's announcement is brought with a heavy heart. We received news last night from a family member that Zombiemold passed away this weekend. This was sudden and unexpected for us all, and is hard news that is going to hit all of us in different ways.
We only ask a few things of you all, our wonderful, loving community, at this time. We ask that you all continue to care for one another like you always have, and that you respect each others boundaries and emotions. Different people will grieve in different ways: some prefer some distance, some prefer some company. While we understand that there will be many questions, keep in mind this is true of our staff as well.
We ask that the community refrain from contacting Zombie's family. They deserve their own continued privacy in this time.
However you approach grief, however this hits you, please remember two things: you're loved by someone, and this is not the end. If you're struggling, please reach out to people who love you, or a professional, whichever best fits your needs. Take care of yourselves first and foremost- drink some water, eat at least a snack, and get rest when you need it.
Zombie built this community on mountains of passion and fun, and while there's a gaping hole in the center of Vox now, you're the ones who built everything around it, hugging and supporting Zombie to the end and beyond. This server, this community- all of you- meant everything to him.
In the short term, we will be collecting messages from players for a community memory board. The form will be open for 24hrs from 10am PST today, Dec 28th. There will be a resting day between the form closing, and the messages being published. These messages will be displayed in-game for one day starting 48 hours from the form's official opening time.
As for the future of Vox, there's a lot of uncertainty. Zombie dedicated over a decade of his life to building this community, bringing all of us together on a platform that we can enjoy and build together. We don't have answers for where things are headed yet- and may not for a while. We simply ask that you continue to be as patient and understanding as you always have been with us. We're still here for you all, and will be for as long as we can <3
What grocery stores have the best loss leaders? I eat alot of rotisserie chicken and I know those are loss leaders but what else are loss leaders? Anyone know?
The poster boy of digital payments in India, Vijay Shekhar Sharma, now faces the ignominy of being referred to as the first entrepreneur from Indiaโs unicorn club to have the worst listing in the public market.
At current prices, One97 Communications trades at $14 billion, much lower than the $20 billion that it was valued at its IPO price of โน2,150. In fact, it has fallen below that valuation of $16 billion that it had fetched when the company had raised $1 billion in 2019.
To top it all, on Day 1, foreign brokerage house Macquarie Capital Securities dubbed the company a cash guzzler and slashed the stock price by 44% to โน1,200. Suresh Ganapathy and Param Subramanian, analysts who authored the report, say that โdabbling in multiple businesses prevents Paytm from being a category leader in any business except wallets, which is becoming inconsequential with the meteoric rise in UPI payments.โ Paytm has a market share of 65-70% in the digital wallets business and about 40% in the consumer-to-merchant segment by transaction volume of mobile payment instruments.
The report mentions that Paytm is โa loss leaderโ in the payments business. โCompetition and regulation will drive down unit economics and/or growth prospects in the medium term.โ Unless the company enters the lending business, it canโt make significant money by merely being a distributor, thereby โimpeding its ability to achieve scale with profitability," it says.
The report titled Too many fingers in too many pies also raises concern over the structure of the group. โWe are also not enthused with the companyโs complicated organisation structure, related-party transactions, churn in top management and a thinly staffed board with 75% of members being based out of India,โ states the report.
More importantly, the analysts have called out the company for its history of spinning off several business verticals without achieving market leadership or profitability. The report states that Paytm has been a cash-burning machine, spinning off several businesses with no visibility on achieving profitability. The analysts mention that the company has drawn in equity capital of โน19,000 crore since its inception, of which nearly 70% (โน13,200 crore) has gone towards funding losses. That inherent flaw in the business model is that it generates very low revenues for every dollar invested or spent towards marketing. โThat Paytm has a problematic business model is exemplified as the business generates ver
... keep reading on reddit โกFirst off, of course, buy, HODL, ๐!
Secondly, come back to earth for a second with me ahead of earrings. While I personally think weโve near exhausted the DD that strongly infers trapped short positions for an eventual squeeze, I want to bring us back to fundamental conversation that ultimately holds the intrinsic value of GME, floor, and long term growth value that combats the bear thesis. When all else fails, this is the anchor.
About me: my background is in engineering and industrial sales so I have some background in pricing strategies and market share campaigns that can be relatively universally applied. Retail can be different due to individual consumer customer base vs corporate buyers etc but bear with me for principle take always to better understand what weโre looking for in the earnings report in the week to come.
Facts: GameStop has drastically increased their product offering of electronics and the like this last year. You need look no further than their online page to see more computers, accessories, and TVs being listed. For this reason, I especially find it dumbfounding why thereโs not more conversation or articles written about Best Buy being a direct competitor. In Best Buyโs most recent earnings, they ranked due to waning e-commerce sales and margin shrinking due to theft. Their sales however were still good; a beat and shows general customer demand is still there and strong. I speculate the thesis of the bigger correction on Best Buy e-commerce sales to be less covid related and return to stores and potentially a loss of market share. The thought is not even entertained in a recent Bloomberg article. https://www.bloomberg.com/news/articles/2021-11-23/best-buy-margin-disappoints-on-tough-comparisons-product-woes
Hold on to that thought and Iโll bridge it back again in a moment. Now letโs talk about a quick browse through GameStopโs store online. Iโm actually floored by how many products keep popping up sold out. Old Apple products, TCL and Vizio TVs, and of course the consoles. Some of this can certainly be due to supply chain shortages globally occurring. But i see this as incredibly bullish because regardless of shortage or not, 1 sale is more than 0 for GameStop since a lot of these product offerings are new. This would dispel any FUD published on supply chain constraints that would typically be headwinds on earnings and guidance for other retail but not for GameStop with it being new endeavors beside console sales.
The next
... keep reading on reddit โก
Mine has to be the big bag of frozen Hash Browns in Aldi for 99ยข
They are just as good or better than more expensive ones, you get loads in a bag for 99ยข. There is no way they are making a profit on these.
How can Yotta offer an implied rate of 4% based on Compound when Compound is only offering 3%? Sorry if I'm misunderstanding something basic about crypto.
https://preview.redd.it/ge0efknn7ob81.jpg?width=634&format=pjpg&auto=webp&s=49517a0ec2e8944e4e4ff3a8d08be48a8ee307e3
WSJ article 9/29 about tech companies buying home and flipping them.
They call these companies IBuyers. They include Zillow Group. Opendoor Technologies, and Offerpad.
I generally did not understand the article. But I only have 52 years in the business.
One part I DID understand: โIBuyers have been clear that their businesses are built mostly to make money off ancillary services such as mortgage, title insurance, and escrow, rather than on home transactions themselves.โ
Well, thatโs kind of a startling fact.
In other words, these Wall Street sharpies disdain property ownership as a way to make money. They see property ownership as a sort of loss leader only useful for attracting buyers of Realtorยฎ, mortgage origination, and title insurance sales. 99% of the readers here are all excited only about the IBuyers loss leader. What are you missing?
I have noted in various places that the best way to make money on real estate might be to get into one of the transaction costs businesses rather than actually buy real estate. The IBuyers figured that out.
I did deliberately work in brokerage and property management more to learn than earn. I should have also worked in title insurance. I DID get training in appraisal and real-estate-related law.
But having said that the best way to make money off real estate may be to be in one of the transaction-cost businesses, I must add that I generally consider those businesses to be fundamentally overcharges. Commissions in real estate sales are way too high and everybody knows it.
The DOJ is currently pursuing yet another action trying to knock home commissions down. They have been doing that my whole life. The commissions HAVE gone down about 1% from 6% to 5%. But they need to be a flat fee rather than a percentage of the price. Selling a property requires about the same effort regardless of the price. Imagine if doctors set the price of treating a broken arm by the weight of the patient.
Realtorsยฎ rage against lowering the commissions. When you spend all day every day telling people that you deserve the commission, you have deadened the portion of your brain that lets you be objective about it. If commissions were finally lowered to the flat fees they should be, Realtorsยฎ would make about the same, but there would be a lot fewer of them. They would be like lawyers or plumbers. No more free pumpkins at Halloween or free newsletters about your neighborhood. Do lawyers or plumbers give you free pumpkins? No, b
... keep reading on reddit โก
I know xbox's are already loss-leaders, but I think Halo should be given to everyone for FREE. Only in this can we achieve true equality and #resist.
And I mean no microtransactions. Give us the game, seasons, and all cosmetics. This will get people involved in their system, and totally somehow make money.
Halo should be an act of (high) charity, pls avoid all monetization. True Bungo would never attempt to monetize a game, its their Destiny 2 give us things for free.
From Investopedia:
What Is a Loss Leader Strategy?
"A loss leader strategy involves selling a product or service at a price that is not profitable but is sold to attract new customers or to sell additional products and services to those customers. Loss leading is a common practice when a business first enters a market. A loss leader introduces new customers to a service or product in the hopes of building a customer base and securing future recurring revenue."
"Opponents of loss leader pricing practices argue that the strategy is predatory in nature and designed to force competitors out of business."
Dayum. Mat got the claws out.
I say UWM is utilizing a "Loss Leader Light" Strategy because they are not losing money. They are merely making less money than they could be to gain marketshare. And we now know that "gaining marketshare" means both snaking loans from competitors AND attracting brokers/loan officers from retail.
The most commonly cited example of a loss leader strategy in business is when supermarkets sell cheap eggs and milk (at the back of the store) to make you walk past all the other higher margin goods.
More recently, we have seen headlines such as this:
"Amazon, Netflix, Hulu threaten TV business with loss-leader strategies, FXโs Landgraf says"
Netflix burns BILLIONS of dollars (negative free cash flow, "FCF") to gain and keep subscribers and stay relevant in today's hot subscription service wars. Somehow, they are currently valued at 633.80 with negative cash flow.
But if a mortgage company lowers its margins to attract new subscribers (brokers, loan officers etc.) their stock goes into the toilet. This is insanity. Especially since they make HUNDREDS OF MILLIONS OF DOLLARS PER YEAR!
It's similar to a credit card that offers an introductory low rate to lure in new customers and then after a time period, the rate goes up. Or your local cable company offering low rates to switch to them. "Free tooth whitening with your first cleaning!" This is a normal business strategy done throughout many different channels of enterprise.
Why is it being treated in the mortgage world with such disdain, yet for Netflix in the entertainment/media space it's hailed as the second coming
... keep reading on reddit โกAre they โadvertisementsโ for the school? Or can one just take a discovery flight with no intention of learning how to fly ? I saw one for $50 in the mountain west. Where I am, that doesnโt even pay for an hour of plane, much less a CFIs time. Either the cost of living is really low, the plane is crap, or the school is truly taking a loss.
When I was young I worked at a firm that I could just describe as a general practice firm. Occasionally, when I worked with one parter, I would get a case on contingency that really should have been hourly. We would put more money into it then we could ever hope to recover for our time. I brought it up to the partner one day and he told me some cases should be taken as "loss leaders" so we can build a pipeline of profitable work from the same client down the road.
Is that something that's common? I think it's a terrible business practice but that's just me
First off, of course, buy, HODL, ๐!
Secondly, come back to earth for a second with me ahead of earrings. While I personally think weโve near exhausted the DD that strongly infers trapped short positions for an eventual squeeze, I want to bring us back to fundamental conversation that ultimately holds the intrinsic value of GME, floor, and long term growth value that combats the bear thesis. When all else fails, this is the anchor.
About me: my background is in engineering and industrial sales so I have some background in pricing strategies and market share campaigns that can be relatively universally applied. Retail can be different due to individual consumer customer base vs corporate buyers etc but bear with me for principle take always to better understand what weโre looking for in the earnings report in the week to come.
Facts: GameStop has drastically increased their product offering of electronics and the like this last year. You need look no further than their online page to see more computers, accessories, and TVs being listed. For this reason, I especially find it dumbfounding why thereโs not more conversation or articles written about Best Buy being a direct competitor. In Best Buyโs most recent earnings, they tanked due to waning e-commerce sales and margin shrinking due to theft. Their sales however were still good; a beat and shows general customer demand is still there and strong. I speculate the thesis of the bigger correction on Best Buy e-commerce sales to be less covid related and return to stores and potentially a loss of market share. The thought is not even entertained in a recent Bloomberg article. https://www.bloomberg.com/news/articles/2021-11-23/best-buy-margin-disappoints-on-tough-comparisons-product-woes
Hold on to that thought and Iโll bridge it back again in a moment. Now letโs talk about a quick browse through GameStopโs store online. Iโm actually floored by how many products keep popping up sold out. Old Apple products, TCL and Vizio TVs, and of course the consoles. Some of this can certainly be due to supply chain shortages globally occurring. But i see this as incredibly bullish because regardless of shortage or not, 1 sale is more than 0 for GameStop since a lot of these product offerings are new. This would dispel any FUD published on supply chain constraints that would typically be headwinds on earnings and guidance for other retail but not for GameStop with it being new endeavors beside console sales.
The next
... keep reading on reddit โกFirst off, of course, buy, HODL, ๐!
Secondly, come back to earth for a second with me ahead of earrings. While I personally think weโve near exhausted the DD that strongly infers trapped short positions for an eventual squeeze, I want to bring us back to fundamental conversation that ultimately holds the intrinsic value of GME, floor, and long term growth value that combats the bear thesis. When all else fails, this is the anchor.
About me: my background is in engineering and industrial sales so I have some background in pricing strategies and market share campaigns that can be relatively universally applied. Retail can be different due to individual consumer customer base vs corporate buyers etc but bear with me for principle take always to better understand what weโre looking for in the earnings report in the week to come.
Facts: GameStop has drastically increased their product offering of electronics and the like this last year. You need look no further than their online page to see more computers, accessories, and TVs being listed. For this reason, I especially find it dumbfounding why thereโs not more conversation or articles written about Best Buy being a direct competitor. In Best Buyโs most recent earnings, they ranked due to waning e-commerce sales and margin shrinking due to theft. Their sales however were still good; a beat and shows general customer demand is still there and strong. I speculate the thesis of the bigger correction on Best Buy e-commerce sales to be less covid related and return to stores and potentially a loss of market share. The thought is not even entertained in a recent Bloomberg article. https://www.bloomberg.com/news/articles/2021-11-23/best-buy-margin-disappoints-on-tough-comparisons-product-woes
Hold on to that thought and Iโll bridge it back again in a moment. Now letโs talk about a quick browse through GameStopโs store online. Iโm actually floored by how many products keep popping up sold out. Old Apple products, TCL and Vizio TVs, and of course the consoles. Some of this can certainly be due to supply chain shortages globally occurring. But i see this as incredibly bullish because regardless of shortage or not, 1 sale is more than 0 for GameStop since a lot of these product offerings are new. This would dispel any FUD published on supply chain constraints that would typically be headwinds on earnings and guidance for other retail but not for GameStop with it being new endeavors beside console sales.
The next
... keep reading on reddit โกFirst off, of course, buy, HODL, ๐!
Secondly, come back to earth for a second with me ahead of earrings. While I personally think weโve near exhausted the DD that strongly infers trapped short positions for an eventual squeeze, I want to bring us back to fundamental conversation that ultimately holds the intrinsic value of GME, floor, and long term growth value that combats the bear thesis. When all else fails, this is the anchor.
About me: my background is in engineering and industrial sales so I have some background in pricing strategies and market share campaigns that can be relatively universally applied. Retail can be different due to individual consumer customer base vs corporate buyers etc but bear with me for principle take always to better understand what weโre looking for in the earnings report in the week to come.
Facts: GameStop has drastically increased their product offering of electronics and the like this last year. You need look no further than their online page to see more computers, accessories, and TVs being listed. For this reason, I especially find it dumbfounding why thereโs not more conversation or articles written about Best Buy being a direct competitor. In Best Buyโs most recent earnings, they ranked due to waning e-commerce sales and margin shrinking due to theft. Their sales however were still good; a beat and shows general customer demand is still there and strong. I speculate the thesis of the bigger correction on Best Buy e-commerce sales to be less covid related and return to stores and potentially a loss of market share. The thought is not even entertained in a recent Bloomberg article. https://www.bloomberg.com/news/articles/2021-11-23/best-buy-margin-disappoints-on-tough-comparisons-product-woes
Hold on to that thought and Iโll bridge it back again in a moment. Now letโs talk about a quick browse through GameStopโs store online. Iโm actually floored by how many products keep popping up sold out. Old Apple products, TCL and Vizio TVs, and of course the consoles. Some of this can certainly be due to supply chain shortages globally occurring. But i see this as incredibly bullish because regardless of shortage or not, 1 sale is more than 0 for GameStop since a lot of these product offerings are new. This would dispel any FUD published on supply chain constraints that would typically be headwinds on earnings and guidance for other retail but not for GameStop with it being new endeavors beside console sales.
The next
... keep reading on reddit โกThe poster boy of digital payments in India, Vijay Shekhar Sharma, now faces the ignominy of being referred to as the first entrepreneur from Indiaโs unicorn club to have the worst listing in the public market.
At current prices, One97 Communications trades at $14 billion, much lower than the $20 billion that it was valued at its IPO price of โน2,150. In fact, it has fallen below that valuation of $16 billion that it had fetched when the company had raised $1 billion in 2019.
To top it all, on Day 1, foreign brokerage house Macquarie Capital Securities dubbed the company a cash guzzler and slashed the stock price by 44% to โน1,200.
Suresh Ganapathy and Param Subramanian, analysts who authored the report, say that โdabbling in multiple businesses prevents Paytm from being a category leader in any business except wallets, which is becoming inconsequential with the meteoric rise in UPI payments.โ Paytm has a market share of 65-70% in the digital wallets business and about 40% in the consumer-to-merchant segment by transaction volume of mobile payment instruments.
The report mentions that Paytm is โa loss leaderโ in the payments business. โCompetition and regulation will drive down unit economics and/or growth prospects in the medium term.โ Unless the company enters the lending business, it canโt make significant money by merely being a distributor, thereby โimpeding its ability to achieve scale with profitability," it says.
The report titled Too many fingers in too many pies also raises concern over the structure of the group. โWe are also not enthused with the companyโs complicated organisation structure, related-party transactions, churn in top management and a thinly staffed board with 75% of members being based out of India,โ states the report.
More importantly, the analysts have called out the company for its history of spinning off several business verticals without achieving market leadership or profitability. The report states that Paytm has been a cash-burning machine, spinning off several businesses with no visibility on achieving profitability. The analysts mention that the company has drawn in equity capital of โน19,000 crore since its inception, of which nearly 70% (โน13,200 crore) has gone towards funding losses. That inherent flaw in the business model is that it generates very low revenues for every dollar invested or spent towards marketing. โThat Paytm has a problematic business model is exemplified as the business generates very l
... keep reading on reddit โก