Saysumthinfunnymike
VOTE!!!
Profit taking is a SPAC staple.. retail always sells their shares for pennies.
Hold and watch it grow
Boiler Room: The Official Stock Market Discussion
Profit taking is a SPAC staple.. retail always sells their shares for pennies.
Hold and watch it grow
dora_da_destroyer
Master Baker
no one knows, someone posted some stats either here or the SPAC reddit, think the highest premerger SPAC reached the 50's - SHLL. i think IPOE is worth pushing into the 30's based on their space, but i know SPACs and DLs take much longer to reach IPO prices of competitors due to no markup from instituions, so if we get to 28, i think that's good
two games being played with SPACs (well 3), buy @ NAV and sell when it runs up on a rumor or before merger, swing it, or buy for the actual company behind it. seems most of us are in IPOE for SoFi so sell offs shouldn't matter - unless it's a big enough dip to entice you to buy more.
anything rumored to do with amazon is gonna run upBase on twitter the potential acquisition is sun country air.. part of their business is to be an Amazon air partner.
Sun Country Airlines starts cargo operations for Amazon - Air Cargo News
I parked something on there. Money i got on the sideline so I can get more shares when cciv or ipof gets confirmed.
The moment country Bella mentioned it. I looked it up
its only a matter of time
The real MVP of ARKG isnt PACB.....
It's twist:
It's twist:
Max out ESPP contributions and contribute less into the brokerageFind the middle point on ESPP contributions but forgo a 15% discount price and dang near guaranteed 17% return (if stock stays sideways)
I'm more conservative but I max out ESPP. The stock is stable growth so it's reliable and is basically a high yield savings account for me.
dora_da_destroyer
Master Baker
I need to look at my ESPP amount, I don’t max it since I also get RSU’s (70k over 3 years) so that’s more than enough company exposure even tho our stock is growing nicely
Yeah. So basically Weedmaps has been the defacto directory for weed shops since like 2008 and shyt. They've been charging companies thousands of dollars a month for adverstiments of their listings and deals, as well as the placement for the listings and deals (you pay extra to rank higher. they charge ALOT for the high ranking spots).
Weed has been an illegal industry this entire time until very recent years. Even now, a lot of legal companies don't use banks because they can't. So how has been Weedmaps been accepting payments for the hundreds/thousands of shops they've advertised for 12+years? Cash. A LOT of cash. Having dealt with WM in the past i know for a fact they've had tons of shops or deliveries paying them six figures a month over the years. And the pay the monthly bill they simply would send a runner to WM's HQ's and drop off a bag of cash. We're taking 100-200k in advertising fees a month just from one shop/delivery. And there was a number of these payments that the FBI saw themselves, watching the runners park in the parking lot, enter the building with a bag and leave without the bag and enter back in their car and leave the parking lot 5 minutes later. They were monitoring WM's HQ's for a while.
Weedmaps definitely hasn't been declaring all of those dollars, especially considering they've been accepting all this cash from mostly illegal stores. Pre-2018 you did have some shops in CA that had a kind've gray area legal status, but there also has been many many more shops that were just straight up trapping the whole time. After 2018 Weedmaps spent another two years accepting cash from any and everybody until the pressure from CA gov't made them kick off all the unlicensed operaters in January 2020.
Considering WM has made the move to go public it may indicate that Biden's people are giving them a pass. The clout Weedmaps has built can NOT be replicated. Leafly has done the best job but still falls way short. All the other directory sites have tried and are garbage. I've had extensive discussions over the years with tech dudes and dudes deep in the weed game about possibly starting a WM competitor and it's just not possible right now unless you got billions of dollars. WM's created the market and dominates and is essential to legal weed moving forward and working properly
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@mr. smoke weed here some older articles i found about it. Weedmaps has been trying to spin it as *they* aren't being investigated, they just got subpoenaed because the feds are investigated companies who were/are listed on WM. But knowing the type of bags WM's was accepting plus info I know from people deep in the game I know they hands are not clean and feds probably know this
Federal prosecutors investigate California marijuana companies in wide-ranging probe
Sweeping Weedmaps subpoena underscores US government's continued scrutiny of marijuana industry
here's one from Dec were WM says in their investor document that the case isn't resolved yet
Weedmaps investor document notes federal probe into cannabis businesses is 'unresolved'
Federal prosecutors investigate California marijuana companies in wide-ranging probe
Sweeping Weedmaps subpoena underscores US government's continued scrutiny of marijuana industry
here's one from Dec were WM says in their investor document that the case isn't resolved yet
Weedmaps investor document notes federal probe into cannabis businesses is 'unresolved'
why wouldn't weedmaps be replaceable? what they actually own that's not replaceable sounds to be me all it take one big established company say uber eats or some other food delivering company to add cannabis to their service and they are out of the game
Yea, this company's stock on a YoY basis hasn't done less than 12% (Jan-Dec time period). The ESPP stock discount would see that 12% stock gain look more like 30% (assuming all discounted stock was bought at one time period).
This is my thing as well. I max out the ESPP and pretty much most of my ear marked investing money is locked in with the company for at least a year. Even though the firm is doing well, that's a lot of exposure...
I may max out the ESPP while I'm still WFH and saving on rent. See what that looks like to my net pay then adjust when I need to move out once return to the office resumes (whenever that is....). I'll just have to slowly chip into my other positions for the time being.
People an established company could take their shot but Weedmaps has so much skin in the game, so many deep pocketed people have been trying to take them down for 10 years now. My guy always asks me "Why doesn't someone just make another Weedmaps" but if it was that easy someone would've done it.
A lot of people associate "looking for weed" with WM. And they built their name in the biggest weed market in the world, California. Any legacy weed operators in CA who have licenses pretty much owe a lot to WM since they built their own brand names from advertising on there. And when WM spit in the face of the CA operators who made when they were forced to kick off unlicensed stores, they made up that lost revenue but just expanding to other states and in CA. The more weed becomes legal the more companies will need to advertise and WM has the clout to suck up all that business n/h.
Uber or DD wouldn't be able to add Cannabis to their apps until it was federally legal, and even then there's so many hoops they'd have to go through and would have to dedicate a lot of resources to just that side of the business.
Not saying it can't be done all I can say is muhfukkas been coming for WM's market share for a long time. Perhaps an established corp with big pockets can do it in a few years. Personally I'd like to see WM stick around, a lot of nikkas ate by trapping off there.....
dora_da_destroyer
Master Baker
ehh...i think that's an overstatement, Eaze is one of the most popular in the Bay for delivery, I know my ex used to use a gang of delivery apps out east. WM might have the brand recognition head start, but they're not irreplicable tech. leafly is just as good with tons of info on strains as well, dutchie is another well funded app....WM will use its deep pockets to buy out competing apps in other regions
edit: interesting tidbit, the age and rason for use skew between the two
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That's just delivery, Weedmaps can charge a dispensary 50k-100k a month just for a premium listing + premium deals. Eaze started as just an online storefront operating as a third party and now after they lost a ton of money and almost folded they spun off into trying to push their own in house product for bigger margins. They aren't a directory for people simply looking for all the weed stores in their area. If a dispensary doesn't do delivery, what can Eaze charge them? Nothing WM can charge them 5k a month for a listing, and extra 50k a month for the #1 spot, extra for deal placements etc. WM has been taxing people like a muhfukka for 10+ years, they started offering delivery and shyt along the way but that's recent. They made their bones being a directory Eaze isn't a direct competitor. Leafly has been the only true WM competitor so far
edit: as far as people using different delivery apps in the East it's cuz WM just barely started expanding to the east coast in recent years. Plus Cali is King. But yah when I said they can't be replicated I didnt mean that literally the tech can't be replicated and shyt....
dora_da_destroyer
Master Baker
if people are just looking to get weed delivered, they are. you also need to check my edit, leafly seems stronger among recreational users - people aren't going to care about the dispensary location or anything other than strains available, as the recreational market opens up, being a premium dispensary won't mean as much as it once did when it was a medical thing, people will just want what they want - leafly, with reviews and strain info, is better positioned for that
i already said Leafly is the best competitor...... Leafly has also never played dirty so if WM goes down then Leafly is super straight. You mentioned Eaze which has nothing on Weedmaps overall, they'll never be able to charge for their listings as much as WM does and they've already lost tons of money and had to pivot directions