Like when it's down 15 cents, how many million did that cost them?
I'm assuming that every day hurts and bleeds.
https://twitter.com/phantomblack691/status/1683807504877121538?s=46&t=iRcLcF5SrHjz2Q0cvum4dw
https://twitter.com/phantomblack691/status/1683807504877121538?s=46&t=iRcLcF5SrHjz2Q0cvum4dw
The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct investment firm Archegos Capital Management.
No surprise that the potato-of-blame is being tossed around a bit. Good sign for us.
"WASHINGTON, July 24 (Reuters) - The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct investment firm Archegos Capital Management.
The Fed said Credit Suisse, which UBS acquired in June, repeatedly failed to address risk management shortcomings in its dealings with the firm, and lost $5.5 billion when it collapsed in 2021. UBS will pay a total of roughly $387 million in fines as Swiss and British authorities also took actions against the bank."
So far, one billionaire took a hit to buy and kill Twitter, where sevetal of our authorities post.
Another wealthy person is killing his company called reddit and purposely sinking one of the most popular subs, which we used for mutual support and information. And amusement.
They are in this together and there's probably a pool of money to stop us, any way they can.
But they're rich people, not used to working. Their solution is always to use money, it's all they know.
Meanwhile we are the most toxic and feared group in internet history. Anything we touch or use, they will sacrifice and break.
Tired of Meta? Perfect time to use their products to post info all over.
Or perhaps Google should go? What if every business reviewed had a link to here in a review?
Think like a gnat and swarm, until they spill their cognacs swatting at us.
Kill em all and let dog sort em out.
Meanwhile, GG is thinking ahead, we're going to be his constituency soon, and it shows.
Most readers might gloss over this paragraph... >The price of the land has not been disclosed, but Hines, the developer on the project, has an $80 million loan on the property maturing this fall.
Many are turning to Lemmy as a viable Reddit alternative. Here is how to use your existing Mastodon account with Lemmy.
First logged in post here. For those who don't know, the fediverse apps are connected, so people can read from and reply to here from their Mastodon account.
In this past week, I noticed seemingly unrelated news stories here and there,.
Like how Schwab is doing major office consolidation and closing offices in, IIRC, 6 cities, incl. Atlanta. Just reported breezily like it reflected sage-like biz decisions and not unadulterated panic from a covertly busted financial firm.
And...
3 top officers of Sequoia Capital departed in the last month, 2 this week.
Just normal goings-on.
Neither mentioned over on the sinking sub.