learning guitar, stand up, skiing and squash. founder / ceo at @nimblerx- strong opinions, loosely held
Palo Alto, CA
Joined November 2014
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so much for being customer first
BREAKING: We just sued Amazon over what we believe was a vast, ad-rigging scheme.
We believe Amazon found a way to charge a few extra pennies to an enormous number of transactions, adding up to over $20 billion in illegal charges.
This is about how something becomes a "Sponsored product."
Amazon lets businesses bid to be "Sponsored" but it told businesses that the highest bid would only pay slightly more than the second-highest bid.
For example: If you bid $1 to have your product “Sponsored” and the next-highest bid is $0.50, you should pay about $0.51.
But we believe that Amazon would run the auction, see those bids, and then secretly raise the second-place price so it could charge the winner more.
It was a gradual strategy based on concealment.
Internal Amazon documents show they tested how much they could raise those hidden charges without advertisers catching on, then raised them more when businesses didn’t react, then gave false answers when businesses started asking questions.
This is a case about affordability, fair competition, and basic honesty in the marketplace. My thanks to the big bipartisan team on this, from AGs across the country to the FTC.
talha sattar retweeted
Here’s the part where Travis and I talk about @emilmichael
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Love hearing @travisk call out loud what we all know. VC’s dont make or build companies but many can kill them. I used to tell investors I kept control to protect them from themselves. So many founders play the game and pretend their VC and its brand makes a difference. Can anyone remember who backed Meta or Google or Apple? Who cares! Do you think Steve Jobs needed a VC to help him build or market the Iphone?
talha sattar retweeted
We must tax Ro. He is hoarding all the dumbest ideas to himself.
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Man who left Airtable three years ago devastated he wasn't consulted on the sale
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Citadel is not the bad guy in this story.
When you are investing billions and make 20x returns in 2 years, you attract the notice of all the hedge funds. It was obvious to everyone that Leopold had to be using excessive leverage to get those returns.
Taking out a player who doesn't have enough liquidity to cover leverage and manage a downturn is so common on Wall Street, it's one of their basic tools to enhance their own returns.
No, the person who should be blamed for Leopold's implosion is Leopold himself.
Hedge funds do use *some* leverage themselves, but boy do they analyze the snot out of those positions to ensure what happened to Leopold doesn't happen to them. Leopold either didn't do that basic analysis or got it comically wrong.
Players like Citadel actually *help* the market by taking out the yahoos who end up causing excessive market volatility through leverage. If you know you could get pounced on by the likes of Citadel, then you won't put yourself in a position to be pounced on and thus won't cause undue market volatility.
OH. MY. GOODNESS.
CITADEL HAS BOUGHT A MAJORITY OF THE PUBLIC ASSETS FROM LEOPOLD'S SITUATIONAL AWARENESS FUND.
So...Citadel scares everyone on Tuesday about a surprise rate hike during FOMC that WE ALL KNEW was not going to happen...
On Wednesday, the entire market freaks out about the rate hike which causes the selling to compound on itself creating 50-70% drawdowns across the board in high beta semicondcutor names...
Which means Leopold who we now know had $45B of assets and was 400% LEVERED ends up being the sacrifice as he gets liquidated at what theoretically could be the bottom due to not having the margin requirements to keep solvent...
AND THE PERSON WHO CAUSED THE SELLOFF WITH THE RATE HIKE FEARS ENDS UP COMING IN TO BUY HIS ASSETS FOR 40 TO 50 CENTS ON THE DOLLAR.
By the way, Leopold is getting married this weekend. I think he wanted to make sure he wasn't getting margin called during his wedding.
A vet on wall street in Ken Griffin takes out the young new kid.
ABSOLUTE. CINEMA.
We switched from Google suite to outlook suite. Now I know why every company that uses Microsoft suite is 3x slower.
What a zap on human productivity but what a great commercial team to sell this misery to so many.
Doing something useful for the world, finally.
Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.
The official signing ceremony will be on Friday, 19 June in Switzerland.
We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard.
With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony.
@realDonaldTrump
@JDVance
@SecRubio
@SteveWitkoff
@SEPeaceMissions
@drpezeshkian
@mb_ghalibaf
@araghchi
talha sattar retweeted
Billionaire fills prescription at compounding pharmacy….
Sam Altman Overdosed on GLP-1s
"Taking enough of it makes you have not a desire for anything else. Few days laying in a hospital bed staring at a white ceiling thinking nothing, not wanting anything." — @sama
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Churn is the worst reason to have slow growth. Churn means you're not just unknown, or that there's a big threshold to sign up. It means people are actually trying the product and deciding they don't like it.
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For anyone putting loyalty to a person above loyalty to the Constitution, Justice Gorsuch’s remarks should be required reading. His words are a reminder that our highest duty is to the rule of law and the founding principles that define America.
talha sattar retweeted
Sens Josh Hawley and Elizabeth Warren Introduce “Break Up Big Medicine Act” to Force Separation of Insurers, PBMs and Providers
open.substack.com/pub/health…
