Tuesday, February 20, 2018

Blind Item #9 - Better Hurry Up - Mr. Hedge

This always-thirsty foreign born A list model has a checkered relationship history.  Her husband is the CEO of a company you all know.  Her husband recently raised some much-needed dough, by selling some of the stock he owns.  Since their wedding, this  was the first sale her husband has made to get more liquidity. 

Almost all of this CEO’s eye-popping wealth is on paper.   That will mostly evaporate.  If he wants to ensure a lifetime of wedded bliss, he had better keep selling, and quickly.

The IPO of his company was almost a year ago.  The company was and is valued in an outrageous fashion, at far higher levels than peers.  Despite this, it has done almost nothing but disappoint its investors, again and again.

His company is not really much of a business at all.  It does nothing but burn through lots of cash pretty quickly.  For every $2 in sales they generate, they burn through over $1 in cash.  At present rates, they have about 2 years of cash left.  There is a great deal of competition from larger players already, and his customers really hate the recent changes he made.



A list model -

Husband / CEO-

Company -

Bonus Question #1 - How much $ did the husband raise last week?

Bonus Question #2 - How much of his $ is on paper in company stock?

42 comments:

Tricia13 said...

Bar Rafeali

Tricia13 said...

And Adi Ezra

V said...

Miranda Kerr

Dena said...

Miranda Kerr & Evan Spiegel - he sold $50M Snapchat shares last week.

TLT said...

A list model- Miranda Kerr
Husband/CEO- Evan Spiegel
Company- Snapchat

texasrose said...

http://www.businessinsider.com/evan-spiegel-sells-50-million-in-snap-stock-2018-2

Unknown said...

Kerr/Spiegel/.Snapchat

Jess said...

This is definitely Snapchat. Evan Spiegel and Miranda Kerr

LooLooEasy said...

Are we supposed to fell sorry for him or something? He tried to turn a whore into a housewife, that never ends well.

Brayson87 said...

@LooLoo, well his app helps turn housewives into...

supercreepsandscarymonsters said...

Lol I do Snapchat’s catering.

That company is ridiculously extravagant.

Boldblonde said...

Yes! W hate the new Snapchat update.

sandybrook said...

Kids are joining Snapchat at an amazing rate he probably has no worries. Facebook is losing all those kids, and the median age of his customers is getting older. He should be worried. Plus all the bad publicity about the Russian troll farms and the fake ads and info that influenced the election on FB.

andy81 said...

wasn't there a blind of him paying her a mil/month for her company so she doesn't have to "work"?! guess he has 4 years left now^^

Rafael said...

Who cares???

Unknown said...

Everybody knows all the tech founders are paper money with companies that waste more than they earn.

Unknown said...

@sandybrook not true.

xyzxyz33 said...

Evan Spiegel & Miranda Kerr.

Yes, never understood why people always fall for the mobile app IPOs?
Snapchat is a joke. All smoke and mirrors.
How in the world does it make any money at all?
How could it ever make any money at all?

The moral of the story is that Miranda won't be married very long to dear Evan,
and dear Evan, bless his soul, will be hammered for the rest of his life
for cash, he never had, from Miranda and the yet to be born baby.

I would encourage all wanna be Tech Gods to follow the Elon Musk model.
Setting out to become the biggest welfare queen in Tech is the only way to go.
Limitless taxpayer dollars and taxpayer incentives for your products
without any expectation to create a solid business model with sustainability and profits.

I've worked with many of these tech people and most of it is smoke and mirrors.


xyzxyz33 said...

AND.....

Snap slides after Evan Spiegel sold shares and Citigroup downgraded the company

https://www.yahoo.com/news/snap-slides-evan-spiegel-sold-155100298.html

sandybrook said...

Unknown I was reading up on kids leaving fb for Snapchat the other day, right now it's the #1 social media site for 12-17 year olds and is growing among millennials. HOWEVER, just today the stock has been downgraded to a sell because a re-design of the Snapchat app has met with wide-spread disapproval. So this morning the stock was $20/share and stock analysts think it should drop to $14\share or about 25%. So they down graded it from buy to sell.

Unknown said...

@sandybrook, well we can surely believe everything we read, especially when it comes to companies. #1 social media site in what country? Fastest growing for 12-17 compared to what other sites? Doubt it. And, millennials aren't going to give up Instagram for Snapchat.

Unknown said...

Snapchat IS #1 site for 12-17. I know enough of them to know they're constantly using it. Millenials don't Instagram, that's old news. Whatsapp was big for a minute, but Snapchat is definitely the big app for that age group. Why? Nothing is permanent, so they can get away with more, and it was easier to use - and their parents and older siblings don't use it. Also, privacy is a lot easier there - if you don't publish your username, nobody can find you...like prying parents....

Instagram is all for yachting now, paid ads, paid whores, and thirsty, thirsty, thirsty men.

Don Kieballs said...

Worldwide, Facebook is the most popular social media app by far, with 1.4 bil mthly users versus Snapchats 250 mil (Feb 2017)

http://vincos.it/social-media-statistics/

hhstarr said...

My 16 year old and 21 year old abandoned their Facebook sites about 3 years ago when the moms starting using it a lot. They barely barely barely ever use their Twitter. Like once a month. My 21 year old uses Instagram; my 16 year old does sometimes. What do they (and all their friends) use? Snapchat.

T. W. said...

According to my tween and teenaged relatives, people use using Snapchat & Kik to hook up.

Normal. Yes indeed. said...

That’s it. My dipshit brother asked me last year if he should buy into that IPO. I simply responded with maniacal laughter.

Sal T said...

Gabe loves a pop quiz. If anyone knows the answer to how much of this guys $ is on paper in company stock...don’t tell me.

Ann said...

Snap. They’re trying to sublet all their buildings in Venice too.
BTW almost all tech is overvalued at the moment and people like Spiegle and many others considered "safe" are as at risk of seeing their wealth crash like the last tech bubble in 2000. The stakes are higher because of the asset inflation due to all the quantitative easing since 2008.

TheBreakfastLunch&Dinnerclub said...

Yeah this couldn’t be more obvious.

Andreak said...

FB has more opportunity for ad money because it's users have a broader age range, thus more products to purchase vs things just for kids. Like anything with kids, Snap will be big for a bit and die off.

Adrian Zmed said...

Definitely Speigel, Kerr, Snap. I think like Mr Hedge but tough in a crazy market like this. Kerr is probably a nice prize for Evan. Why he got married is a mystery though.

As for FB, my 12 and 17 year old hate it. They do Snap chat and Instagram. For them FB is for old people.

Scandi Sanskrit said...

WhatsApp has become a necessity (as in work necessity like people have professional group chats on it) in certain countries with very large populations. It's BBM 2.0 and it's going to stay for a while.

Scandi Sanskrit said...

Also, LMAO at "thirsty, thirsty, thirsty men". 😂😂😂😂😂😂

Scandi Sanskrit said...

Wow, you sure know a lot about the financial world. Were you by any chance a banker in a past life?

Scandi Sanskrit said...

Yeah, no fun anymore once your parents start using it too. Also, I blocked my family members (in case they tattle on me—especially now that my parents are separated and she's around my cousins who are on social media all the time and tried to get her on Instagram).

Scandi Sanskrit said...

Also, I thought you hated Elon Musk and said he was a fraud and had this elaborate conspiracy theory about it him?

And also, didn't you hate the Snapchat guy and say that he was just "lucked out on an idea that catered to the current Zeitgeist"? Or am I confusing you with Ddonna? (Sorry, it's getting so hard to keep up with all of you.)

Overbrook71 said...

When they did their IPO, they sold shares without voting rights. Common shares should have voting rights. I knew then to avoid Snapchat. The mistake I made was not shorting it.
that said, as soon as they get rid of the CEO, providing its dropped enough, I'm a buyer.

J F said...

SNAP is nothing but a fart in the wind. It will be worthless as soon as the next fad comes along.

It'll be no different than MySpace, Ask Jeaves, Netscape, or AOL Chat which were once popular and now lie rusting in the Tech junkyard. My money is on GRNDR for world dominance!!!

MissDe said...

I love the white cares comments lol it's a gossip blog....

Jay said...

This is a total hit piece! Snapchat is growing like crazy. Someone here is trying to damage the stock. If you know anyone under 30ask them how they use and feel about Snapchat. Snapchat stock will be continuing to get increase in value. And is a great buy. The thing you did not mention is that they beat earnings two weeks ago and the stock went up dramatically.

Count Jerkula said...

Snapchat probably gets a cut of the snapcash payments made to get nude photos from wettie whores.

J.D. Jones said...

@sandybrook

Facebook & Instagram (owned by Facebook) both now feature more users of just their "Stories"/"My Day" disposable video features than SnapChat has total users. Snap was the innovator in the space, but they have been surpassed. They can still save themselves to the extent that "Snapchat" becomes a generic term, like Xerox or Kleenex. But their market share in that space is shrinking.

The moral of the story is: when a company offers you $3 billion for your tech start-up that has never made any money, you take the money and run.

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