I was leaning toward Bloomberg all week, but thinking about it more that TaxJar <> Ackman <> Stripe connection is just too strong. How tf did he know that right before they did the acquisition? That timing can't be just a coincidence...
It's possible they got into NDA mid-late Nov after the "can't believe they outbid PSTH" tweet. Stripe spent 6 months hiring like crazy with Ackman's help: Mike Carney, Christa Davies - then couple acquisitions Taxjar now Bouncer (https://stripe.com/newsroom/news)
The Bouncer acquisition might've been the last piece of the puzzle
It is Stripe. Linda Rottenberg is a common connection.
Linda Rottenberg - Director, Pershing Square SPARC Holdings, Ltd.
Linda Rottenberg - Advisory Board Member, Stripe
Source:
First of all, keep your heads up! We’ll be back to green in no time with plenty to talk about if you’ve got a little patience!
Second, link to the shirt - https://www.amazon.com/gp/product/B097X96197 ...and proof that it’s listed at cost with no profit to me (the cost only goes to Amazon printing and shipping it) - https://i.ibb.co/nL78LCs/proof.png
And finally, all credit to u/LoserJoe12 for this creation and his dedication to keep it going through DA! I chatted with Joe a bit for his permission and blessing on this, and spent some time to make the background transparent so this would work better on colored shirts. Nothing else has been touched up or sharpened from the original because Bill’s fuzzy face is part of the charm. This is my thanks to Joe and to the sub for all the laughs, the sleuthing, the hope, and the great times - and I’m sure there’s much more good ahead!
You need one of these:
Or a dock:
On their corporate action support page, they mention rights offerings in a way that implies they handle those.
Hopefully these SPARs function closely enough to rights offerings that RH could indeed handle it. I inquired anyway, will post if I hear back, but I’m leaning towards they will be able to do it.
Bill really called it on Stripe being able to easily integrate tax handling into their platform:
Edit: I know this is the TaxJar acquisition, but holy cow was that a fast integration.
Lube is on sale on Amazon right now just in case any of you dont feel completely fucked. It's actually their #1 best seller.
Here ya go: https://stripe.com/jobs/listing/finance-and-operations-auditor/2580376
"Research and stay current on applicable regulatory requirements and (e.g., FFIEC, PCAOB guidance, SEC, etc.), emerging trends and best practice"
"Sound understanding of GAAP, COSO, Sarbanes Oxley Act, and PCAOB Rules"
God you guys are looking for anything to cling to. I want it to be stripe too but come on...
"Our mission is to increase the GDP of the internet" with our Partners
Has anyone read this book: https://www.amazon.com/You-Can-Stock-Market-Genius-ebook/dp/B0043RSJB8/ref=mp_s_a_1_3?dchild=1&keywords=stock+market+genius&qid=1622841209&sprefix=atock+market+ge&sr=8-3
It kinda describes some of the stuff happening with the rights. Basically these deals usually end up with outsized returns. I think.
Looks like a wash sale
A wash sale occurs when you sell a security at a loss and then purchase that same security or “substantially identical” securities within 30 days (before or after the sale date).
Stripe isn’t a consumer product like starlink, but it is extremely useful for small businesses. I think most of Stripe’s reputation and valuation is from big companies and platforms.
https://github.com/iamadamdev/bypass-paywalls-chrome
Go forth, my young child, and have the confidence to throw your hat over that pay wall, for you may commit yourself to reaching the other side! With this proverbial "ladder," you may now scale even the tallest of pay walls, so that you may see that which was previously forbidden. Upon reaching the other side, don your hat anew, for you are no longer a child! You are soon to be enlightened by the rich rewards that await you!
tl;dr: install this chrome extension so you can read shit fer free, yo!
I did some googling and discovered that when a tweet has over 100 likes it doesn't show them all. You can, however, still see them all on https://tweetdeck.twitter.com/ where you can indeed see she likes it
Read "Confidence Game" about his MBIA trade.
https://www.amazon.ca/Confidence-Game-Manager-Ackman-Streets/dp/1118010418
Incredible stuff.
Options will be fine. There’s a lot of misinformation around this. Your calls give u a right to buy PSTH . Whatever is in the PSTH bag will be given to you (umg , sparc, remainco). In the systems these are still part of the PSTH bundle. Your options won’t magically disappear. This deal is not a divided so you have not lose out on the distribution. The real risk is you might lose out on extrinsic value cause of FUD and lack of liquidity (the option will likely stop being traded and become closing only) . RH has some details https://robinhood.com/us/en/support/articles/how-corporate-actions-affect-your-options/
Robinhood says Level 2 market data is only available for Nasdaq, not NYSE. PSTH is listed in NYSE. How are they able to show this? Is their help page wrong about Nasdaq only?
https://robinhood.com/us/en/support/articles/level-ii-market-data/
>We’ve partnered with Nasdaq to give Robinhood Gold members access to Level II Market Data powered by Nasdaq Totalview.
A minor note: Taxjar wouldn’t technically be a target entity in a three way merger as it’s already being bought by Stripe, announced April 27, 2021 link
Incredible write up still!
Does "compounds internally" mean IRR or CAGR or either?
https://www.drift.com/blog/what-is-hypergrowth/
The above link describes 20% as "rapid growth", and 40% and above as "hyper-growth". Would we characterize either stripe or Starlink as merely rapid? Not to say that the above link is definitive anything.
Very high. I'm already shopping online for new clothes check it
Bruh....if you like spicy asian hot sauce let me tell you about the best hot sauce on the market. Super underrated and under radar.
https://www.amazon.com/dp/B07R1GR1W6/ref=cm_sw_r_cp_apa_glc_fabc_1E9PQ2TDZ85RNHNWVN9J
Trading firms keep stuff tight, I doubt you'd find much aside from random articles
ADM is the only similar company that's public so I'd start with their 10-K but they're about half the size w/ a much larger focus on food processing.
Glencore, the British metal traders, is worth a look to get a sense of what scale Cargill's peers operate at.
Books like Diary of a Professional Commodity Trader or the World for Sale do a good job of outlining how the industry works.
Although as somebody who's worked as a commodity trader I really, really doubt the target is Cargill
https://www.amazon.com/ZZCMSJ-Electrostimulation-Therapy-Electric-Stimulator/dp/B07TPM75N1
Sparks for messing up our Sparcs
This may have nothing to do with PSTH but I think its neat how there is a mystery investor and same time Buffet has a mystery stock. https://robinhood.com/news/article/a250d6f5-06c4-394e-9e58-2ae0674eba01
They call it security reorganization fee. Means the same thing.
Also $50 for foreign stock transactions although hopefully we get a US listing and are not selling before then
https://www.schwab.com/legal/schwab-pricing-guide-for-individual-investors
You can keep the PSTH commons in the main account. Once you get the UMG shares, transfer them to the global account.
US stocks cannot be traded on global account, and European stocks cannot be traded on regular Schwab account.
Yes, you will need to open a separate global account.
No. I went to the Schwab site and found there was an option to perform a "Global Account Add-On" on an existing Schwab One Brokerage account.
I plan on completing the application in the coming days to set this up. I'm not sure if there's a minimum amount required to initially fund the Global account, but I'll throw in the smallest amount allowed and go from there.
Link to the Global Account Add-On page: https://www.schwab.com/global-trading/eligibility
They have the below referral promo where depending on the amount of money you move you can get up to $500.
I figured my account is going to switch over at some point in the next year anyways so if I just do it myself I can collect that sweet money. Plus I don’t have to worry about what happens so it’s win, win
https://stripe.com/blog/why-some-businesses-arent-allowed
This old (2016) blog post indicates that they would be fine with porn but that their "partners" won't allow it.
put on your tinfoil hat:
-Jackie's recent CNBC interview she mentions "abstracting away complexity": Around 4:50 cnbc interview
-stripe blog post from Dec 2020 mentions "abstracting away complexity". stripe blog post
it's not a common language phrase.
I sure hope so. The news of Christa joining Stripe was posted on January 13, 2021. So the timing is very interesting. Both Mark and Christa joined Stripe in the last few weeks.
Just because Bill, Mark, and Christa are Harvard graduates does not mean PSTH is merging with Stripe. It's just another connection and hopefully it's not a coincidence.
https://stripe.com/newsroom/news/christa-davies-joins-stripe-board
They provided seed funding for Stellar Lumens and possibly will integrate that in the future. They want something fast...NANO fits that too and it's zero fees. However I think they go with Stellar as they have money invested.
Disclaimer: I own both XLM and NANO. This is not financial advice.
Seems remote but it should on the table. Ackman is not opposed to taking a company public from private equity. SoftBank owns Arm at this point and should entertain a discussion with PSTH.
Arm is not some fledgling tech company. They dominate the smartphone market. Their cash flow should be readily available for Ackman’s team to do their analysis as they did with UMG.
Given IoT proliferation and adoption of Arm in the Cloud (eg: AWS Graviton3) this is also a growth story.
Even Cathie Wood of Ark Invest would agree. See their Big Ideas 2021, slides 13 to 21. Their bold idea is rise of Arm for future workloads at Intel’s expense.
Overall, I can get behind Arm. I wouldn’t be surprised if PSTH pursued it.