OT: Stock and Investment Thread
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Saylor says he owns Manhattan real estate circa 1900. He knows darn well he’s full of ish.
I have no idea why, but MSTR was up 4.5% on Friday while BTC was crashing. Very weird.
In 1998, he predicted a day when “everybody on the planet lives every hour of every day dependent upon our (Microstrategy) technology”
I take his comments with a grain of salt.
Very convincing chart and it’s quite possible we could see a similar pattern this time around.
Are you concerned that the “standard whales” 1,000 - 10,000 bitcoin owners ($77,000,000 to $7,700,000,000) are net sellers during this downdraft. Shouldn’t they just wait for the historical pattern to continue?
I said it before here, something broke on October 10th, we still don’t know what. That’s the bigger concern and maybe why they are net sellers
Honestly, I think October 10th (which is clear what happened) actually did more damage than just the liquidity crash. I think it broke everyone's spirit and confirmed to many that the 4-year cycle still rules the day. Okay, here comes the bear market. It's seems to be a self-fulfilling prophecy now.
This means: BUY more BTC when it hits the 200wMA.
Don’t worry BMNR will be well positioned once it buys PewDiePie to go along with Mr. beast.
$45 million in Beast’s Series A is now worth $450 million. Where can one buy PewDiePie shares?
This is the best explanation of how BTC dumping impacts MSTR.
+1
I read something like this a few day ago. I don't fully understand MSTR, but this "underwater" myth about selling is nonsense.
Even though he’s not buying on margin, the stock is 67% off its high and its investors are getting their faces ripped off. If Bitcoin stays at its current price until 9:30 tomorrow, it’s going to be down another 10+%.
I’ve only owned bitcoin for a little over 2 years and I’m still up 58%. Strategy has been buying for six years starting with purchases in the teens, and somehow its holdings are in a loss position. He has made terrible decisions to continually buy high, especially when bitcoin starts to drop from various peaks, versus being patient.
Why not just buy bitcoin, versus buying Strategy and be stuck with Saylor’s incredibly poor timing?
I’ve only owned bitcoin for a little over 2 years and I’m still up 58%. Strategy has been buying for six years starting with purchases in the teens, and somehow its holdings are in a loss position. He has made terrible decisions to continually buy high, especially when bitcoin starts to drop from various peaks, versus being patient.
Why not just buy bitcoin, versus buying Strategy and be stuck with Saylor’s incredibly poor timing?
Chamath is one of the greatest snake oil salesmen of our time. Let’s see where Mr. beast industries is in 5-10 years. Maintaining relevancy in social media and Hollywood is extremely difficult. BMNR was supposed to be a ETH treasury company I’m sure class action lawyers are drooling.
MSTR was a great way to get BTC leverage (just like miners).....until IBIT options came out. Now, I don't know what MSTR's value prop is.
He’s pretty much admitted that was his role for SPAC’s- be the front man, take them public, profit. Definitely slimy.
But aside from SPAC’s- Facebook, Bitcoin at $100, Slack, Golden State Warriors, Groq, etc. He’s been directionally right and early on these types of things over and over.
I never understood buying MSTR instead of Bitcoin or IBIT. I’m just more pointing out that Saylor’s average cost doesn’t act as some sort of liquidation price as people seem to believe. Psychological level for MSTR investors I’m sure, but likely not much of an overall impact
He’s a cockroach albeit an ultra rich one that proved even being terrible at his job at FB still left him a rich man. Pretty sure every one of his FB projects he oversaw crashed and burned and some created privacy issues. I’ll give him credit for being extremely opportunistic.
Terrible at his job sure is some revisionist history lol.
Chamath Palihapitiya’s tenure at Facebook (2007–2011) is often viewed as a "double-edged sword" in Silicon Valley history. He is widely credited as one of the primary architects of the company's massive scale, but he has also become one of its most vocal and guilt-ridden critics.
Here is a review of the "good" and "bad" of his performance.
The "Good": Architect of Scale
As the Vice President of User Growth, Chamath is credited with transforming Facebook from a popular college site into a global utility.
* The "7 Friends in 10 Days" North Star: Chamath famously identified that if a new user reached 7 friends in their first 10 days, they were significantly more likely to become a lifelong user. This became a singular, maniacal focus for the company, stripping away "gut feel" in favor of data-driven product decisions.
* The Growth Team Blueprint: He pioneered the concept of the "Growth Team," a cross-functional unit that used A/B testing, SEO, and aggressive email notifications to drive retention. This model has since been copied by almost every major tech company (Uber, Slack, Airbnb).
* Data-Driven Rigor: He is credited with professionalizing Facebook’s engineering culture by "invalidating the lore." He stopped the team from chasing "virality" (which he saw as fleeting) and forced them to focus on "core product value."
* Mobile and International Expansion: He led the early efforts to push Facebook onto mobile devices and into international markets, ensuring the platform didn't stall out at the U.S. desktop level.
The "Bad": Cultural and Social Costs
The very tactics that made Chamath successful are the ones now cited as the root of Facebook’s societal issues.
* Dopamine-Driven Engineering: Critics (and eventually Chamath himself) argue that the growth tactics he pioneered were designed to exploit human psychology. By focusing purely on engagement metrics, the team created the "short-term, dopamine-driven feedback loops" (likes, hearts, notifications) that many now blame for social media addiction.
* Aggressive Management Style: Accounts from former colleagues (notably in Steven Levy’s Facebook: The Inside Story) describe his leadership as "brutal" and "aggressive." Some subordinates reported significant emotional distress, and he was known for a "move fast and break things" attitude that sometimes applied to people as much as code.
* The "Beacon" Privacy Failure: Early in his tenure, he led the rollout of Facebook Beacon, a system that tracked user purchases on third-party sites and posted them to their feeds without clear consent. It was a PR disaster and was eventually shut down after massive privacy backlash and lawsuits.
* Neglect of Content Quality: By focusing almost exclusively on quantity (more users, more time spent), the growth team was criticized for ignoring the quality of the environment. This paved the way for the spread of misinformation and "rage-bait" that became a hallmark of the platform later on.
The "Guilt" Era
In 2017, Chamath made headlines by stating he felt "tremendous guilt" for the tools he helped build, saying they were "ripping apart the social fabric of how society works." This creates a complicated legacy: he is either a visionary who realized the error of his ways and pivot to "Social Capital," or a "fireman who started the fire," profiting immensely from a system he now decries.
CP was responsible for developing and rolling out FB Beacon, which led to lawsuits…FB Phone…FB Home…all product failures. Left after 4 years. The only reason he ever became relevant in corporate America is because he went from a derivatives trader to working at Winamp which was acquired by AOL. That’s it. Made a bunch of $$$ as a result and rest is history. Slimy scumbag that has f’d who knows how many people on SPACs and other pump and dump BS. But I’ll give him credit I’m sure he’s living the American Dream.
How do you figure? You sent 14 paragraphs/bullets on CP not me. He was a nobody with a university of Waterloo degree that was right place right time. Trader turned corporate turned investor early in his career. He’s never successfully created a single thing. Took his FB money and formed Social Capital. Made smart investments in visionaries that do create things. I’ll admit the guy is shrewd and knows how to make money (a lot of it). But he’s slimy as you accurately described him.Always the absolute extremes with you