I agree comparisons aren't useful - but consider the fact that Madoff screwed over accredited investors, institutions and generally very rich people. SBF messed with customer deposits of a million retail investors - he was going to be made an example of.
The perception right now is that the board doesn't care about investors, this will kill this company that is burning money at an insane rate. Employees will run for the exits unless they are convinced that there is a future exit.
If you think the SEC is some sort of godlike entity who can read peoples mind yeah this may be illegal. What I'm suggesting is not manipulation - just that investors would be extra willing to invest in the ARM IPO since it increases the value of other assets they own.
It doesn't involve scheming, secret organizations etc. If you were a huge LP and you took on a lower ROI investment on ARM but it increases the value of all the companies in your portfolio wouldn't you do it? Also as an investment banker you would pull out all the stops to get this deal done in a favorable way to investors since you want the market to reopen. That isn't manipulation either, the IB is lowering their fees in order to get the market back open.
Slightly conspiratorial prediction - The IPO does completely fine over the next 6 months - capitalists everywhere would be kinda screwed if this IPO immediately flops and causes the IPO market stays closed, might as well spend a few billions collectively to prop it up. The cost might be a couple billion but the upside to IB, VC, etc. would be a lot more.
The commenter was talking about promotions so I was looking at leadership % vs staff - nice change of topic though. Why is the US population a good source of comparison? Especially when these companies are full of immigrants? You need to look into your own privilege instead of blaming society friend.
White people still are the most overrepresented in leadership https://about.google/belonging/diversity-annual-report/2023/ - you can deny reality all you want - there's only one group that is overrepresented. Let me guess the next reply to this will be some form of "White people are better"
I don't believe this at all - the GOP is getting more and more diverse and there is no explicitly racist GOP policy. This is untrue for European ethno-nationalist parties. Sure there maybe a couple of closet ethno nationalist in the GOP but they would be thrown out if they said the stuff their Euro counterparts say in the open. There's also the fundamental reality that because of the 2 party system and the demographics of this country that the GOP could never become an ethnonationalist party. Maybe unless PoC become white supremacists themselves like the Chapelle show skit :D.
I've lived in Texas for 30 years and I've haven't seen anything like what you see in Europe in terms of racist demonstrations and blatantly racist political organizations. The few weeks of my life I spent in Germany felt far more discriminatory. There is nothing like the AfD in the US. The funny thing is while Racist Xenophobia is a huge issue, there is a ton of Xenophobia against various eastern europeans as well.
Crypto was a massive innovation unlike AI - I'm referring to the ability to liquidate investments to retail by completely bypassing securities laws. I don't think this AI wave can get to the same level since it's way harder to sell the bubbly assets to the next lemming. Public markets via a traditional IPO won't be able to sustain this bubble.
Gamestop and AMC's business is primarily selling stock at a massive premium to retail idiots. Their secondary business is making sure they are not violating their fiduciary duty. Very far down in their list of priorities is turning around the business (Selling stock is more lucrative for management than selling movies, games).
I don't completely understand how dowries are a thing - isn't there a massive gender imbalance in India, wouldn't dowries go the other way? Curious why this is not the case. This is awful.
This is going to sound offensive but KAUST, PIF, Aramco, Neom are full of mediocre talent from mostly Europe - who do you think is interested in a dead end job and moving to Saudi Arabia to work for some idiot royals? The best talent stays put or moves to the US where actual value gets generated. The Saudis are also too racist to actually recruit from Asia/Africa where they stand a chance of attracting better talent.
Yes, the researchers are as Saudi Arabian as Messi and Ronaldo. The only innovation happening in Saudi Arabia is labor innovation i.e. indentured workers from South Asia on one side and overpaid Europeans expats on the other. I'm skeptical that Saudi Arabia can buy their way into creating a non oil economy.
It's a mildly more humorous comment - also LLMs made it easy to piratify my comment. It's just some low effort internet humor - take it easy.
Also for all the injustice in this world, you getting so offended on Netflix's behalf regarding this is kinda mindblowing, you must be giga privileged.
Thanks for paying for the content that I can access for free, I'm sure Netflix shareholders thank you for your service. Netflix is effectively doing a massive price hike with no corresponding value given.
Ahoy there, mateys! I be here to say that I be leaving Netflix. They be raising their prices too high, and they be taking away all the good shows. I be sailin' the high seas for my entertainment now. Arrrr!
Hackernews is viewing this too much from an American - "Oh they want to get rid of privacy" lens. The reality is that this move is to hurt the opposition party more than the BJP, but nobody in India really wants a completely surveilled currency because most of parliament is involved with dirty money (Inevitable when you get paid nothing but have insane amounts of political power).
Anecdotal but I feel like Brits are really big on emigrating or atleast working abroad. There are a ton in the US, Germany, UAE, Australia etc. And they tend to do very well outside the UK.
This is hilarious, also basically why Chief Diversity Officer is such a degrading position. Like oh crap our executive team looks like this https://www.apple.com/leadership/ we need to hire a non-white person, oh but they aren't suitable for CFO etc. etc.
It's hilarious to me when HR at all corporations go on about bias, diversity etc. in recruiting and meanwhile when the corporation needs a new exec they always just find another white guy from Stanford/Ivy League.
As an industry insider it's fascinating how Japanese firms are generally known to be technology averse and bad at software but Takeda is a strangely fast adopter of technology - makes some American pharma companies look slow. Curious if anyone knows how they do it.