• 13 Posts
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Joined 1 year ago
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Cake day: June 15th, 2023

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  • Despite what Wall Street thinks, layoffs are almost always the sign of a poorly run company, especially when they do it multiple years in a row, and really especially when they do it during good economic years.

    Data from the last 40 years, when layoffs started becoming commonplace, show that companies who lay off in multiple years, especially at the end of the year, see two things happen: their stock price goes up, and they are out of business within 10 years after starting the practice.

    These numbers are just averages, but play the odds if you invest in stocks: don’t buy stocks of companies that lay people off, just as you wouldn’t bet on an NFL team that fires its coach every other year.





  • I cancelled last year after watching Stranger Things. It was literally the only show I’d watched on Netflix in over two years. I’d been paying for a service I wasn’t even using, and even though nobody was sharing a password for my account, the price hikes and sudden change of password policy were enough for me to stop paying them. Obviously I haven’t missed it, since I wasn’t watching it, but I may not have cancelled if not for the price going up each year.