you bought bbby 2 days after the pump?
you bought bbby 2 days after the pump?
How is buying stake in Q1, sitting through a gain, a subsequent loss, and then another gain, then selling in Q3 a pump and dump?
The company sold their entire position. Even calls that were OTM, by a lot. This seems more like they couldn’t come to an agreement and are pulling their stake and moving on.
Uhhh Bed Bath and Beyond CFO just committed suicide by jumping out a balcony.
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Ive known BBBY was closing 150ish stores, but so many of the stories or anecdotes I've heard left out the part where they were also laying off 20% of their work force. Jfc...
I visited them the other day cause I still have a lot in credit left over from my wedding, and I still know some people cause I worked there a little less than a decade ago, and wewww boy are there red flags everywhere. Empty top shelfs, empty shelf's behind banisters, low stocked end caps, just the works. This coming from a company that used to pride in it's bulk ordering and overflowing shelves and back stock. The lay offs and suicide on top of it? Fucking a man, I'm going this week to cash out every gift card and credit I got with them before they go belly up.
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Because they treat their workforce like shit. Last time I went to one (wasn't my intention to, even) I started mouthing off to the manager because he was treating the little old ladies behind the register like shit. Telling them to stop caring about the people waiting and go make the shelves look nice. Told him to get off their backs and go be useful like them because he isnt.
Yyuupp. And it's wild cause their own mystery shoppers specifically count the amount of greetings in a store, which they obviously aren't passing. No plans on how to make the service better though, which is how you know management is just and are just trying to get their paychecks while they still can before jumping ship
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Nah they've definitely got good fundamentals and the stock and company will totally rebound.
Kelvin will save Celsius? I can't even with this guy..The CEO of Celsius Network is reportedly discussing a new project that may help rebuild the bankrupt crypto lending platform.
According to a new report from The New York Times, Alex Mashinsky presented the “audacious plan” called Kelvin to revive Celsius months after the troubled company filed for bankruptcy in July.
Mashinsky and Celsius head of innovation and chief compliance officer Oren Blonstein reportedly want to rebuild the company with a focus on custody.
If project Kelvin pushes through, Celsius will be offering services to store people’s crypto assets on their behalf. The company may then charge fees for certain types of transactions.
As he addressed skeptical questions from employees, Mashinsky cited how other famous companies such as Pepsi made a successful comeback after they went bankrupt.
“Does it make the Pepsi taste less good? Delta filed for bankruptcy. Do you not fly Delta because they filed for bankruptcy?”
According to Mashinsky, Celsius is working with the Committee of Unsecured Creditors, or U.C.C., which represents the company’s creditors, to work out a plan to restart the firm.
The proposal comes following allegations that Celsius lost user funds after Mashinsky informed his investment team in January that he would be taking control of the company’s trading strategy.
The executive reportedly thought that an upcoming Federal Reserve meeting at the time will cause crypto prices to plunge, so he wanted the firm to sell large amounts of Bitcoin (BTC).
The Fed meeting did not have the expected outcome and Celsius reported a loss of $50 million that month. It is not clear though how much of this can be attributed to Mashinsky.
So quick question, wanting to start a savings account of some sort to stash money for 3-10 years for stuff like big vacations. What would the best type of account to put this in that's low-risk/reliable return?