Stories on: Sonic Rumble, Roblox, Tetris, and Alarmo
Video: https://youtu.be/l4r-TFDekKU
#Alarmo Time || CheckPoint 564
bleak arrowBOT
stuck lantern
Good to hear the Professor Pigglesworth franchise is still healthy.
primal jolt
And they're setting expectations appropriately.
normal wraith
> competitive tetris news
> "dropped"
stuck lantern
See, here I thought the Tetris story was going to be him managing to get the rebirth wraparound while working around the crashing bug in the NES release. Which, as I understand it, is theoretically possible if you know exactly what circumstances can crash it.
But, it's a tweaked ROM that doesn't crash. Which is still impressive he got to 256 at that.
ocean warren
I'll admit, I don't personally really get what people have against seemingly responsible (important and hard to know from the outside caveat) activist short-sellers like Hindenberg Research. They are basically just being paid to be investigative reporters for corporate corruption and wrongdoing.
ancient hawk
Some people think doing the right thing for money is bad
merry lintel
But there are a lot more people who hate anything that causes line go down.
ancient hawk
Also that
snow marsh
It feels a little underhanded but if that's how they bankroll reporting then so be it I guess
icy matrix
Some people have an awkward reaction to shortselling in general (betting that something bad will happen to other people so you can personally benefit), and the kind of thing that Hindenburg is doing does feel extra sleezy because of the risk of perverse incentives - they don't benefit from good reporting, they benefit explicitly from finding dirt on target companies. So what if they end up taking a step too far and publish something less-than-ironclad?
Knowingly doing so would be Very Illegal, but even well-meaning journalists have been burned jumping to publish a story before. There can be a minefield of grey lines... and it's not like the financial industry doesn't have it's fair share of people bending the rules.
merry lintel
Hindenburg got their start breaking a rather big story - the Nikola electric truck fraud. They've had a bit of a reputation since then, though that does seem to be their most successful result.
mellow linden
That’s the part I find… weird. I didn’t know this was a thing you were “allowed” to do. It just feeeels weird for them to short sell and then release a hit piece, even if it’s true.
¯_(ツ)_/¯
Ultimately, fuck Roblox the most.
plush zenith
If anything Hindenberg needs to present ironclad research. Most of the orgs who hold large shares in companies like this aren't knee-jerk selling stuff unlike individuals. They do research.
The thing about the alarmo that weirds me out is that I don't feel like I need an award for getting out of bed. I'd say it's childish but I didn't need one when I was 6 either
abstract needle
I was mildly interested until I saw the price tag.
stuck lantern
For me, I'm very leery about shortselling stock as a money-making idea in general.
Like, buying shares in a company makes sense. You pay money for a share of the company in the hopes you either get a share of the profits or you sell your share to someone else once its value goes up. If neither happens, you lost money on the affair. It's functionally similar to crowdfunding, in that the business gets its funding from outside investment, possibly yours, and some manner of benefit is given to those investors. Simple.
However, any time I've tried to learn what shortselling is, I can't shake the feeling that whatever is doing the explaining, be it human or written article, is doing an awful lot of handwaving and misdirection any time I wonder "...but what financial sense or benefit does this make, apart from you seemingly magicking money into your account?"
icy matrix
Well, that is about it. It's pure gambling* on the direction the stock price will go. There are arguments put forth that the presence of short selling increases the liquidity and efficiency of markets (by increasing the frequency with which shares are bought or sold), but that's a whole big economics rabbit hole I'm going to stay out of.
* Ok, calling it pure gambling is a bit hyperbolic - it's more like horse races than the roulette wheel, but again, rabbit holes I don't want to get into.
stuck lantern
I mean, yeah, the idea of it being pure gambling without broader economic benefit pretty much sums up my understanding of it.