Recent comments in /f/wallstreetbets

laetus t1_j9uuhcq wrote

> people lose their jobs etc.

People losing jobs doesn't have to be a bad thing.

What's worse, having them lose jobs and then we pay them for doing nothing / coming up with doing something useful?

Or paying them and they stay in their useless job?

The problem is that society chooses to stop paying the people who lose their jobs because 'it was their own fault' or something... And then people don't want to lose jobs but they keep doing stuff that's useless or even detrimental to society.

The bad thing happens is when people lose jobs but those were useful jobs.

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BrotherAmazing t1_j9utljt wrote

Bitcoin will survive. Blockchain will survive. The question is whether all these shitcoins survive, and I think the answer is no. Not in the U.S. at least.

If you have an ICO and reserve a bunch of the supply for yourself, the founder(s) and dev team, you’re registering as a security or not operating lawfully in the U.S. is where this is going. Otherwise you launch like Bitcoin did and are then clearly not a security.

The days of “cryptoChef2020” making up a token out of thin air or a blatant copy of an Open Source project, gives himself 20% of the supply and his “dev team” 20% of the supply, holds an ICO on his own with vaporware/copied code behind it he pumped, then either skips town or legit tries to make the tech gain adoption for a little while to ease his conscience and might get listed on Coinbase are going to be gone soon if not already.

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sackhuck7 t1_j9usf1g wrote

Alot of these expenses are non-cash and to have Q4 2022 have more telehealth than Q4 2021 is quite suprising. Compare EBITDA for apples to apples.

There is a delay is advertising spending vs initial return. You try and match, but the timing is never perfect.

Any FS can look like shit if you cover it in red marks and bad emojis.

Not saying teledoc is great, more that this analysis is *puke emoji*

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dare2poke t1_j9ule1a wrote

Block’s gross profit is a better proxy for revenue, which is why their investor presentations highlight gross profit instead of revenue.

Payments companies typically trade on net revenue, which nets out transaction costs (mostly interchange revenue they pay to the card networks and issuing banks).

Block’s top-line revenue is gross revenue and transaction costs are included in COGS.

Additionally, for the consumer side, as others mentioned, Bitcoin revenue is largely a pass through because Block buys the Bitcoin that their customers purchase. They make basically no gross profit on their crypto business.

On a net basis, if total revenue is flat, but Bitcoin revenue declined significantly, then it wants their core gross margin positive business is growing.

TLDR - Gross profit is a better proxy for top-line growth, and that grew by 35%

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