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Bonzo posted:I bet they just re-brand. It will be a completely different company under layers of different shell companies with the same people behind it. The value in a political dirty tricks consultancy is not standing out on a bank statement.
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May 2, 2018 21:43
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Straight White Shark posted:He's lost so much money that there's no way he actually breaks even on this. Even if he did, going from being the guy on Wall Street and making billions of dollars a year to just breaking even for 15 years is a pretty stark downward trend (not that he doesn't deserve worse.) His hedge fund owns all the property that Sears stores are built on. He had Sears put it up as collateral for the loans he gave them and whoops look at that they can't pay his loan back, better take all this real estate.
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Oct 15, 2018 21:39
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In the case of Vallco, the reason this dead mall still exists is property owners attempting to raze it to replace it with condos that keep getting voted down by voters who don't want anyone else to live where they live. It's been through three owners and all three have failed to convince voters to let them do anything. https://en.wikipedia.org/wiki/Vallco_Shopping_Mall
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Nov 14, 2018 20:50
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walrusman posted:What I want to know is, how did GameStop stock peak earlier this year? Hasn't the writing been on the wall for five years or more? At the start of the year they said they were looking for a buyer. Then they said no, no one will want to buy us. That brings us to today.
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Jun 5, 2019 23:50
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Bean posted:I almost wonder if GameStop couldn’t pull up some by adding tabletop gaming to their stores, like selling dnd and magic cards and junk? It’s near enough the same market. It pains me to say this because it would put a lot of them out of business, but Gamestop using their real estate footprint and established logistics chain to rebrand as Your Local Game Store would probably save them, or at least staunch the bleeding. They would have to staff up a bit and throw away the ThinkGeek merchandise. Rip out all the fixtures in the middle of the store, put in some tables, run friday night magic, partner with Hasbro, generally lean into the whole social aspect of gaming. Close a few of the smaller stores and use that to pay rent on then next level of strip mall unit up from where they are now. A card and cardboard game store with national chain levels of capital behind it could wreck house. It would probably put my local game store out of business, but since it won't happen, I'm not worried.
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Jun 8, 2019 02:28
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A Jersey Mike's appeared in my neighborhood two years ago and murdered the Togo's and Subway nearby with great speed. Now there's an Ike's going into the place where the Togo's went and I expect Jersey Mike's will struggle once people figure out how to order at Ike's. You really need to go with an established expert to teach you.
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Jul 15, 2019 19:08
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So, that happened. (For those coming from the grim twitter feature, a car rental company called reachnow, owned by BMW, shut down with such haste that they had to tweet "if you are currently driving, please end your trip ASAP.")
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Jul 18, 2019 00:13
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I did a free three month trial of loot crate and forgot to cancel it and got six months. I watched it blatantly turn into "we're buying warehouses of unwanted preorder swag and flipping it." There was the Lara Croft plastic figurine that didn't have a base so it couldn't stand upright. There was the Bioshock Infinite key blank that was sent out a year after the game was released. And my favorite, the Infinity Gauntlet oven mitt that resulted in panicked emails telling us not to actually use it in an oven. You see, although the mitt was technically flame retardant (albeit too thin to offer much protection), the printing company they sent the mitts to for artwork used flammable ink. They literally sent out flammable oven mitts.
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Aug 13, 2019 07:29
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Fry’s is what happens when you spend 25 years mercilessly cutting corners and reinvesting 0% of the savings back into the business. You build elaborate stores that are a talking point and then just... let them sit there and decay without ever remodeling. And make sure you hire the cheapest and most desperate employees possible so your customers feel like they’re being attacked. Then Amazon and Newegg, for all their faults, killed the “store of last resort” concept. Amazingly, if customers don’t have to go to a store at gunpoint because it would otherwise be impossible to source an ultra-wide SCSI-2 cable in half a week, they won’t go to that store. Everything wrong with Fry’s decends from Randy Fry being an objectivist poo poo. Also probably money laundering and real estate fraud, because every doomed business that mysteriously stays open seems to be money laundering and real estate fraud.
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Jan 14, 2020 21:33
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brugroffil posted:Elon isn't actually going to build respirators, that's just him grabbing free publicity again The evergreen elon musk game:  pentyne posted:Is that an official company order directing labor staff to break the law? And publicized all over the internet? How is that not going to result in a massive amount of fines? Here's a picture I took yesterday of a 
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Mar 22, 2020 02:50
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Private Equity has brought more knives to the GameStop boardroom. I LOL that they still consider GameInformer something they can leverage after they went all Jason Calacanis on it and replaced the whole staff with For Exposure dregs. Their PowerPoint is a fun and delusional read. https://www.restoregamestop.com/presentation
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May 23, 2020 20:37
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MarcusSA posted:We were looking at their luxury cars last night and there were some really great deals on their site. Aside from the fact that they're rentals and thus are about as beat up as 10x their mileage would suggest.
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May 24, 2020 00:09
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Microsoft could have made money on that real estate by just admitting that they were minecraft daycares and charging admission.
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Jun 27, 2020 21:12
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Private equity firm successfully cashes out thanks to COVID-19.
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Jul 31, 2020 04:10
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quote:in 2006 it was taken private by private equity firm NRDC Equity Partners.
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Aug 27, 2020 22:21
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Volmarias posted:Honestly I don't understand how CNet is still alive at this point. For the moment, they still have a pretty high SEO ranking on Google. There's still some blood in that stone, but it's dead as soon as ad revenue is less than the hosting cost.
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Oct 9, 2020 06:00
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Another Fry’s is dead. This is the Egyptian one where they covered the escalator/ramp with rocks rather than fix it. Once again, the media narrative is “Amazon is killing stores” not “chain with incompetent, uninterested management that hasn’t improved since 1999 is collapsing under own weight.” https://www.mercurynews.com/2020/11/10/frys-electronics-closes-campbell-location-as-company-struggles-in-digital-age/
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Nov 11, 2020 18:41
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Gamestop is currently demonstrating what I can only describe as "private equity funds arguing over who gets to loot the body after the mark gets shanked." The other option is a massive pump and dump scheme, but that's indistinguishable from private equity anyway.
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Jan 21, 2021 07:32
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frys.com came back after half an hour. I managed to order a 100 pack of frys-branded AA batteries. You can now place bets on the following: 1) I never receive them and I pissed $30 down the drain as a novelty 2) I receive them and they're all flat 3) I receive them and they're all flat and have the sticker of death 4) I receive them and they work If I do get them I'll probably split them up and mail them to fellow dead electronics store enthusiasts as souvenirs. My guess is that they took it down to turn off the store pickup logic and will keep the site alive until outstanding orders are delivered so they don't get charged with fraud.
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Feb 24, 2021 06:48
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ChickenOfTomorrow posted:what is "the sticker of death"? Returning an item to Fry's generally resulted in it getting re-shrinkwrapped and put back on the shelf with a red bordered sticker indicating some single digit percentage off. It was sometimes fun to get a hard drive with the sticker of death and see what data was left on it from the previous owner. Sometimes you'd buy a spindle of blank CDRs without inspecting it closely enough (both returned and unreturned merchandise were mixed together) and wind up with a half burned copy of someone's mixtape or amateur porn.
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Feb 25, 2021 19:44
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aphid_licker posted:Compensation was never not considered pitiful afaik. Read an autobio by a world famous artist from my youth recently and they were making literally pocket money at times. Geoff Downes, who is one half of the Buggles, posted his 6 month royalty statement from Spotify some years back. It was £12. https://twitter.com/asiageoff/status/347711236747689984?s=20 xarph has a new favorite as of 00:51 on May 9, 2021 |
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May 9, 2021 00:48
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CharlestheHammer posted:I believe the rate for Spotify is about 45,000 for a million streams. From what I understand it's not X cents for Y streams. It's the fixed amount from revenue they're required to pay and each artist gets a percentage of that amount based on how popular they were in the six month interval. So the billie eilishes of the world take almost all of it and by the time you get to "band that had one hit in a TV show" the money is long since extinguished. Now combine this with labels large enough to demand minimums and accountants recruited from hollywood who specialize in making money disappear.
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May 9, 2021 01:46
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Gentleman, we've done it. We've manifested a photoshop.
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Nov 1, 2021 03:07
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I'm looking forward to when Elon will find out he stuck his dick in a beehive and there are other users beyond his Adoring Fans.
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Apr 27, 2022 02:15
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Don't forget that AT&T bought Time Warner in a drunken bender and had buyer's remorse within year after their plan of gutting everything but HBO (which merely got slashed to starvation) didn't result in killing Netflix, which is what they actually wanted. So there was already not much left in terms of prestige assets for Discovery to buy. RIP the Warner Archives, which maybe has a rent-a-cop working the gate, but is otherwise going to go up like the Universal warehouse and take 100 years of movie history with it.
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Aug 21, 2022 03:07
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Rick posted:That blows. Imagine having a business model that is skimming a single digit percentage off the guitar cases of all the buskers in the world and still losing money.
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Oct 13, 2022 00:26
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Speaking of stephen king, his testimony against the PRH/Simon & Schuster merger was so damning they didn't bother to cross examine him and on monday the merger was effectively dead. https://www.seattletimes.com/business/judge-blocks-penguin-random-house-simon-schuster-merger/
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Nov 3, 2022 22:04
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bob dobbs is dead posted:no such thing as a tech company above like 30 peeps who i would guarantee is able to do a buttfuck cold start. this definitely 100% includes every tech major and absolutely completely includes twitter If it was possible to cold start an infrastructure or restore it from backup then ransomware operators wouldn't be getting paid.
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Nov 18, 2022 01:06
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Someone appears to be trying to short squeeze SiriusXM like Gamestop and AMC.
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Jul 20, 2023 21:05
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The local water park shut down without warning the day after Labor Day. https://www.mercurynews.com/2023/09/06/san-joses-raging-waters-to-permanently-close/
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Sep 7, 2023 01:25
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Never underestimate the ability of Masayoshi Son to make a really stupid decision.
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Feb 8, 2024 04:52
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