So how do you get the precursors to the plant? You're either transporting chlorine, or you're manufacturing it in huge quantities locally, which has plenty of it's own headaches.
Either trucks or trains, and trains are more cost effective.
Cost of employees has gone up as stocks drop due to such high RSU compensation. Stock is 40% off its highs which means they have to make up that difference in either cash or more stock, and neither look good to investors at the moment so smooth the financials 10% layoffs is the go to for large tech here.
I don't follow. RSUs being worth less than they used to be means employees are cheaper. You gave out $X a couple of years ago and when it finally vests it's worth 0.6*$X or similar, that's a direct drop in employee compensation.
Are you reasoning that employees paid in RSU are not amused by this and are likely to leave if not "made whole" somehow? Seems like waiting for people to quit would get headcount down fairly quickly if so.
Ya basically people will feel they are getting a pay cut, and since the higher you go in the company the larger percent of your salary is from RSUs those are the people most likely to be unhappy. You potentially lose your high level core employees while entry level are much less affected
edit: this graph shows how much of your compensation is stock by level at google https://imgur.com/a/wlpa6Wm
Employees will (fairly reasonably, IMO) expect a same dollar-value RSU grant in the upcoming grant cycle. That will result in Google having to grant additional RSUs in an upcoming round. (The currency to Google for past grants is the number of shares/RSUs, which doesn't change as the stock goes up or down, but new grants are cheaper to Google in terms of dilution if the stock keeps going up.)
When Meta stock started going into the toilet, they gave out huge top-up RSU bonuses. Amazon is much slower to react, but they give you a target comp that they hope is fulfilled by stock price growth. If it isn’t, they give out-year grants to get you to target.
You cannot offer 10% APY on a stablecoin like USDC that by definition does not increase in value or pay dividends without getting that 10% from somewhere else, namely other customers' funds.
Couldn’t you make the same argument about fiat currency? Both in regular finance and in defi there exist funds that do high stakes gambles with other people’s money.
Right but in “regular finance” you generally have a regulator who will slap you around if you advertise a product which promises 10% per year guaranteed. There are unregulated (or less regulated) things like hedge funds, but at that point you’re clearly in a fairly small market that most people cannot or do not participate in.
So what is niche, risky behaviour in traditional finance, seems to be the norm in the Wild West that is crypto.
To be clear none of this is defi, its all just traditional borrowing and lending. Aave pays 3% on USDT right now and lenders there are doing fine in defi
That's why i called it a "multi party ponzi". They had to know their largest borrowers were not above board. FTX promised large no risk returns for deposits in turn. Except FTX didn't even have the plausible excuse of lending money. One of the stablecoins promised an infinite money making circle of lending->profit. 3AC's trading model was to borrow at these high IRs and gamble it (i don't for a second believe they had a risk based trading strat) and hope it paid off and skim off the top. See my 3 possibilities above.
The company founders even had a flight plan to non extradition treaty countries. Where they now reside
there are over 12,000 OTC stock tickers, these are mostly scams. I know Schwab allows OTC trading. The NYSE+Nasdaq combined also have around 12,000 tickers. So 50% of the things available on Schwab are scams.
they weren't back when the reason people bought them were dividends, now the only real exit is if the company goes bankrupt or is purchased. The intervening time is hard to describe as anything other than pure speculation and piling dupes on top of each other
Its a solved problem in crypto too. Shapeshift allowed for swapping of funds while always having control of the keys, but it was given hell by regulators. If it were allowed to grow maybe things like ftx wouldnt have gotten so big
