That feeling when you accidentally click "Delete only for me"...
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Bobosher's blog | #FreePalestine
Spicy Cologne Major update
For more context, this is an example of significant price difference between normal and souvenir types of the same skin pre-update. Normal one is more expensive because it can be traded up to AK Gold Arabesque, which is a highly appreciated top-tier skin. Souvenir one is relatively cheaper because souvenirs couldn't be traded up, so it only represented its own value.
This update essentially made normals and souvenirs equivalent by adding 2 major changes: Now souvenirs can be traded up to next tier normal skins, and normal skins can be converted to a souvenir during the Major. So, low tier souvenirs that's been dirt cheap for years suddenly increased 500-1000% in price, and some of the rarest souvenir items (like AWP Dragon Lore) are declining because suddenly there's a new supply source.
This update essentially made normals and souvenirs equivalent by adding 2 major changes: Now souvenirs can be traded up to next tier normal skins, and normal skins can be converted to a souvenir during the Major. So, low tier souvenirs that's been dirt cheap for years suddenly increased 500-1000% in price, and some of the rarest souvenir items (like AWP Dragon Lore) are declining because suddenly there's a new supply source.
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I don’t usually talk about watches here, but there are some interesting stuff going on lately.
Average prices of Seiko NH34 and NH35A movements have almost doubled within the last 30 days. Miyota 9 series prices are also going bonkers. I’ve talked with a few microbrand affiliates, they’re all saying it’s Seiko and Citizen’s way of “fighting” against microbrands.
I’m not a specialist in this field, but here are 2 educated guesses I have:
1. Sellita is gonna make a crap ton of money from all of that. After the price changes, SW200-1 is now more favorable than both Seiko NH35A and Miyota 9015 in almost every way: Swiss made, better movement finishing, more reliable, and “cheaper”. Also, it’s a great opportunity to make SW200-2 the new industry standard for watches around $1k price tag.
2. Mechanical GMTs under $1k are gonna be less common than the current market. I’m not sure about the secondary market, but new releases are definitely gonna be affected, especially NH34-powered ones. I wouldn’t be surprised if brands like Nodus bump up their GMT offerings by a couple of hundred dollars. Also, Sellita already said that they’re not planning to release any True GMT movements in near future, just throwing it here as a fact.
Average prices of Seiko NH34 and NH35A movements have almost doubled within the last 30 days. Miyota 9 series prices are also going bonkers. I’ve talked with a few microbrand affiliates, they’re all saying it’s Seiko and Citizen’s way of “fighting” against microbrands.
I’m not a specialist in this field, but here are 2 educated guesses I have:
1. Sellita is gonna make a crap ton of money from all of that. After the price changes, SW200-1 is now more favorable than both Seiko NH35A and Miyota 9015 in almost every way: Swiss made, better movement finishing, more reliable, and “cheaper”. Also, it’s a great opportunity to make SW200-2 the new industry standard for watches around $1k price tag.
2. Mechanical GMTs under $1k are gonna be less common than the current market. I’m not sure about the secondary market, but new releases are definitely gonna be affected, especially NH34-powered ones. I wouldn’t be surprised if brands like Nodus bump up their GMT offerings by a couple of hundred dollars. Also, Sellita already said that they’re not planning to release any True GMT movements in near future, just throwing it here as a fact.
People are right, I need to learn to let things go.
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Forwarded from Bob Usmonov
Elon Musk is playing packman
Today marks the biggest IPO in history. Shares of 3 (or 4 🤔) of Elon's companies after successfully merging into one SpaceX, it is gonna become publicly tradable. Might sound like a regular IPO but there is a twist - the valuation is over $1.75 trillion. To put it into perspective it's more than half of Germany's whole stock market. After the IPO Elon is supposed to officially become the only person to join the 4 commas club. And the way he managed to pull all this off is just absolutely insane.
The history of the snowball:
- Musk has purchased unprofitable Twitter for $44 billion a few years ago partly financed with debt and Tesla stocks. He rebranded it to X and to stop the company from bleeding cash he fired 80% of the staff. His official motive was to support free speech but let's be honest, it was clear that he wanted to control the most politically saturated social media platform
- he established an AI company called xAI after leaving non profit OpenAI due to losing the battle for the CEO seat to Sam Altman. To make xAI somewhat competitive he came up with an idea - "Why not merge X into xAI so it can take all the data from X and feed it to AI's training data?". But nobody cared about Grok, so he integrated in to X in the hopes of earning at least something
- xAI kept burning money so here is his next brilliant idea. "Why not merge xAI with SpaceX so the profit coming from Starlink can cover the losses?". This happened earlier this year. The snowball although melting seems to be finally in a good shape for becoming public. Now they can collect $75 billion from IPO to keep the AI machine running
Also to justify the crazy valuation for an unprofitable company they started making deals with Google and Anthropic to rent out space data centers that don't exist yet. Impressive. I've been wondering for quite a while when SpaceX is going to become public but I didn't expect that it would happen in this way - in the way to make billionaires trillionaires
#financeandbusiness #reflection
Today marks the biggest IPO in history. Shares of 3 (or 4 🤔) of Elon's companies after successfully merging into one SpaceX, it is gonna become publicly tradable. Might sound like a regular IPO but there is a twist - the valuation is over $1.75 trillion. To put it into perspective it's more than half of Germany's whole stock market. After the IPO Elon is supposed to officially become the only person to join the 4 commas club. And the way he managed to pull all this off is just absolutely insane.
The history of the snowball:
- Musk has purchased unprofitable Twitter for $44 billion a few years ago partly financed with debt and Tesla stocks. He rebranded it to X and to stop the company from bleeding cash he fired 80% of the staff. His official motive was to support free speech but let's be honest, it was clear that he wanted to control the most politically saturated social media platform
- he established an AI company called xAI after leaving non profit OpenAI due to losing the battle for the CEO seat to Sam Altman. To make xAI somewhat competitive he came up with an idea - "Why not merge X into xAI so it can take all the data from X and feed it to AI's training data?". But nobody cared about Grok, so he integrated in to X in the hopes of earning at least something
- xAI kept burning money so here is his next brilliant idea. "Why not merge xAI with SpaceX so the profit coming from Starlink can cover the losses?". This happened earlier this year. The snowball although melting seems to be finally in a good shape for becoming public. Now they can collect $75 billion from IPO to keep the AI machine running
Also to justify the crazy valuation for an unprofitable company they started making deals with Google and Anthropic to rent out space data centers that don't exist yet. Impressive. I've been wondering for quite a while when SpaceX is going to become public but I didn't expect that it would happen in this way - in the way to make billionaires trillionaires
#financeandbusiness #reflection