It seems like you're more interested in being correct than having a discussion, so I'll leave you to it.
2,298 karma · joined March 16, 2015
Passing below the $1/share marker is a forcing function (i.e. it's not arbitrary at all) for the company to make significant adjustments, as opposed to the plethora of companies that trade in the $1-$10 range who can continue plodding along. BI's audience is one that's mostly aware of this fact, so that's why the article is about that "arbitrary" price marker - it's a sign of major changes incoming rapidly.
So, I guess I'm not really sure what your point is. "Just do a reverse split" is like saying "just declare bankruptcy" or "just charge more money" in that it glosses over the consequences of those actions greatly.
"on its way out of existence" being the operative phrase there :).
Either way, Sun had been a public company for 20 years at that point - Blue Apron's been one for a year. Far more reason to believe that Sun could turn it around (and AIG and similar companies), which is why it works for them and not for Blue Apron.
It's actually not symbolic at all, it's a very real (negative) milestone that has ramifications for the company.
I don't have the numbers offhand, but I would wager a large sum that companies in trouble doing reverse splits just to meet listing requirements almost always continue tumbling downwards. For a recent example, see Helios and Matheson (MoviePass).
Companies that have successfully navigated reverse splits while publicly-listed (it's very common with pre-IPO companies for sure) are generally much larger and more well-known than Blue Apron (e.g. AIG), or in inherently risky businesses (e.g. Biotech companies).
> You'll get delisted from the NYSE if you fall below $1/share or below a certain market cap for more than 30 consecutive trading days.
It's actually a pretty big deal for Blue Apron.
https://www.ecfr.gov/cgi-bin/text-idx?SID=f4effbf9fb932f767e...
That being said, there's also the common usage of the term which blue apron arguably falls under.
See also: $HMNY.
i.e. It could easily become one.
Being delisted is generally a very bad sign, and it becomes much harder for shares to get traded.
Preface: I don't think this resolves the issue completely by any means.
It's seemed clear to me for awhile that Github discussions need threading, badly. The 200 comments on one of those issues probably amounts to about 40 actual discussion topics. Many of them are the original poster adding follow-up comments to their original comment, or back-and-forth discussions about one single comment. It's especially noticeable on contentious discussion topics.
Basic conversation threads wouldn't completely alleviate the problem--200 threads is much better than 1000 comments, but probably still an intractable amount for the maintainers. Still, it might mean you're able to scan 75% of the discussion instead of 25%.
The answer (from my experience at Etsy, anyway) to questions like:
> how to modify the schema of the events going into B to add a specific piece of data,
was "Run schema_modifier", the docs for which were frequently obsolete. Figuring out how to "run schema_modifier" was usually a very frustrating experience in that particular instance, whereas unwrapping the actual problem was usually less frustrating.
While I agree with you, the latter problem is particularly frustrating to encounter.
Solving the conceptual problems feel more like an exploration or a learning experience, and I rarely feel like time spent solving those problems is wasted even if it's very meandering.
Solving the "how do I do this?" problem rarely feels like more than a very isolated learning experience, and more often it feels like banging your head against a wall. Doubly-so when the documentation is obsolete and leads you in the wrong direction.
Learning the basics of media compression is interesting and worth spending time on. But I'm going to hate myself if I have to spend 6 hours figuring out how to convert a file using ffmpeg.
Err, it actually seems like they generated a lot of legal issues that they could've easily avoided.
You should read the attached court documents from their fight with Remote Year. It's pretty damning.
Because the USD is the international reserve currency for a lot of countries and the US largely is pretty stable, most countries are fine with cooperating in cases like this with notable exceptions.
FWIW that's changing under Trump (i.e. people are seeing the US as less stable), and the EU is making efforts to increase the use of the Euro as an international reserve currency.
We used it mostly to try and track malicious users (banned users, etc.) but it's still tracking nonetheless. It was reasonably effective.
I'm sure a company of Google's size and sophistication has many more advanced methods than we did.
If you call yourself part of the underclass, either you're: Forgetting that they exist, or you're pretending that your economic situation is somehow roughly equivalent. I don't think you need to keep that on your mind every single second of the day, but at least be honest about it.
The mere fact that they can afford to live in a 1-bedroom in the EV is, well, evidence against that fact. You're not even part of the underclass in Manhattan if you can do that.
It's a vague answer but honestly, those factors can swing the threshold almost $100K in either direction.
For some reason I'm imagining the worst-case scenario of a pedestrian completely oblivious to what's going on around them and just crossing without looking on a busy street, which I realize is pretty unlikely.
> It could work, but I think it would involve re-designing countless intersections to provide higher visibility of pedestrians for drivers--not a bad goal, but I think a pretty unfeasible one.