- This topic has 815 replies, 23 voices, and was last updated 1 year, 11 months ago by
Coronita.
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April 26, 2022 at 2:19 PM #825219April 26, 2022 at 2:37 PM #825220
Anonymous
Guest[quote=Coronita]yawn…. welcome back DZ/ How’s UTC life? 🙂
Robinhood is hardly “tech”. It’s a brokerage house…. and 9% is roughly 300 people. Drop in the bucket… No different than Schwab laying off a bunch of people from Ameritrade. Or better.com laying off people right before the holidays…
IBM and MSFT did just fine. For every loser there are winners. just like in real life.
But anyway. I think it’s pretty funny that you’re cheering for tech layoffs and at the same time you’re saying you’re in tech and not worried you’ll be laidoff. You can’t buy a house if you end up unemployed.[/quote]
Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.April 26, 2022 at 2:39 PM #825221Guest[quote=Coronita]yawn…. welcome back DZ/ How’s UTC life? 🙂
Robinhood is hardly “tech”. It’s a brokerage house…. and 9% is roughly 300 people. Drop in the bucket… No different than Schwab laying off a bunch of people from Ameritrade. Or better.com laying off people right before the holidays…
IBM and MSFT did just fine. For every loser there are winners. just like in real life.
But anyway. I think it’s pretty funny that you’re cheering for tech layoffs and at the same time you’re saying you’re in tech and not worried you’ll be laidoff. You can’t buy a house if you end up unemployed.[/quote]
Robinhood is not tech? They are literally a smartphone trading app. That is the definition of modern day tech.
April 26, 2022 at 4:22 PM #825222CoronitaParticipant[quote=deadzone][quote=Coronita]yawn…. welcome back DZ/ How’s UTC life? 🙂
Robinhood is hardly “tech”. It’s a brokerage house…. and 9% is roughly 300 people. Drop in the bucket… No different than Schwab laying off a bunch of people from Ameritrade. Or better.com laying off people right before the holidays…
IBM and MSFT did just fine. For every loser there are winners. just like in real life.
But anyway. I think it’s pretty funny that you’re cheering for tech layoffs and at the same time you’re saying you’re in tech and not worried you’ll be laidoff. You can’t buy a house if you end up unemployed.[/quote]
Robinhood is not tech? They are literally a smartphone trading app. That is the definition of modern day tech.[/quote]
Uh, do I really need to explain this to you? Seriously? … Robinhood is a brokerage house. They compete with Schwab and lesser extent the traditional brokerage houses. They are a financial services company. You wouldn’t consider Charles Schwab or Fidelity or Vanguard a “tech company”…Why on earth would you think Robinhood is one?
They were made famous by generation Z because of the pioneered $0 commissions and very lax rules regarding margin trading, sold under the motto of empowering everyone to be a speculator and easy making money..
Nothing they do is really “tech innovative”. Their mobile app is not “tech heavy”, it’s more IT than anything else. Their business model of $0 commission is what distinguishes them (well, before everyone else started to do it too).
And, the reason why Robinhood is in deep shit and doing layoffs has nothing to do with the correlation you are trying to make with inflation, tech correction, whatever…It has everything to do with their business model and the MEME stock trades that cost them billions that was already going on since 2021.
This was all over the news during the MEME stock craze and how it cost robinhood specifically billions in losses…Robinhood was already in decline months ago from the MEME stock trading fallout. How could you have possibility missed that news?
https://www.barrons.com/articles/robinhood-stock-price-earnings-accounts-51635279965In fact, Robinhood is exactly what you don’t want to do in terms of financial discipline. They tout how easy it is to speculate and trade options or to short, disastrous financial strategies for most people.. I’m surprised given how much you like to randomly speculate on being right with your guesses instead of doing the drip style investment, that you aren’t a robinhood customer….
April 26, 2022 at 4:23 PM #825224CoronitaParticipant[quote=deadzone][quote=Coronita]yawn…. welcome back DZ/ How’s UTC life? 🙂
Robinhood is hardly “tech”. It’s a brokerage house…. and 9% is roughly 300 people. Drop in the bucket… No different than Schwab laying off a bunch of people from Ameritrade. Or better.com laying off people right before the holidays…
IBM and MSFT did just fine. For every loser there are winners. just like in real life.
But anyway. I think it’s pretty funny that you’re cheering for tech layoffs and at the same time you’re saying you’re in tech and not worried you’ll be laidoff. You can’t buy a house if you end up unemployed.[/quote]
Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]we know you aren’t looking now. But using your logic, the “pain” you describe of unemployment and possibly weakening house prices from it won’t be doing you any favors in the future too, if it were to happen. Because if you are in tech (and that’s big if, since it doesn’t sound like you are in it based on your posts), you won’t be any more ready to buy if the tech economy craps out and you get laid off as you probably will if things are as bad as you say it will be, because you’re kidding yourself if you think you’ll be immune while others are affected. Just saying.
However, imho that’s a great time to pick up more rental properties since it brings more weight back to all cash offers. So bring it 🙂
April 26, 2022 at 4:32 PM #825225an
Participant[quote=deadzone]Who said I’m looking to buy a house?
I just want to see asset prices return to their organic, free market, not Fed induced bubble prices. That will be better for society in general. Perhaps there will be some pain along the way but so be it.[/quote]
I’m confused, if you are not looking to buy, then why do you wish pain on people? That’s pretty evil. I thought at least the evilness stems from personal gain (ability and opportunity to finally buy a house). However, if it’s not for personal gain, then it’s just pure evil to enjoying seeing pain and cheerleading for the pain.April 26, 2022 at 4:43 PM #825226CoronitaParticipantIs AMC and GME tech stocks too? They talk about using crypto and people say they are going to the moon, and it takes tech to go to the moon…
Therefore, AMC and GME must be tech stonks too, right?
April 26, 2022 at 5:08 PM #825227sdrealtor
ParticipantHey AN and Coronita, can you build me a website? Then I’ll be a tech company. You two can wfh for me indefinitely!
April 26, 2022 at 5:09 PM #825228ParticipantAnd a mobile app! I’ll be a tech unicorn in no time!
April 26, 2022 at 5:18 PM #825229CoronitaParticipant[quote=sdrealtor]Hey AN and Coronita, can you build me a website? Then I’ll be a tech company. You two can wfh for me indefinitely![/quote]
Do we get stock options?
Are we going to the moon?
Are we going to create an NFT for our company?We’re in luck ticker symbol SDR is available. But that assumes we would list on NYSE.. I prefer Nasdaq.
April 26, 2022 at 5:18 PM #825230ParticipantAll that and more! No layoffs ever! DZ join us and you can work from home also! We’ll all be unicorns!
April 26, 2022 at 5:19 PM #825231CoronitaParticipantSorry to ask a very difficult question that many unicorns hate to answer…
How do we make money?
Or do we just need to generate revenue at all costs?
April 26, 2022 at 5:27 PM #825232ParticipantThat’s the best part! Will be just like Robin Hood we don’t have to make money. We just have to have some cool Memes and talk about crypto baby
April 26, 2022 at 5:37 PM #825233CoronitaParticipant[quote=sdrealtor]That’s the best part! Will be just like Robin Hood we don’t have to make money. We just have to have some cool Memes and talk about crypto baby[/quote]
Done!
https://sites.google.com/view/mysdrdotcom/home
[img_assist|nid=27637|title=MySdrDotCom|desc=|link=node|align=left|width=800|height=]
….$5 billion valuation….
Where’s my ISO stock option grants?
April 26, 2022 at 5:41 PM #825234CoronitaParticipantCorrection. It’s now a $10 billion valuation, with our new subsidiary tech company…
[img_assist|nid=27638|title=my wfh dot
com|desc=|link=node|align=left|width=800] -
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