I guess this isn’t the first time it has happened to Sleep Number (SNBR), but the stock has cratered, losing way more than 90% of its peak market value. As the old saying goes: a feature is not a product.
Fell Out of Bed
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Jerome Bupkis
First off, unrelated to anything to do with the markets, I think I’m ready to abandon the Chrome browser completely. It is a complete memory pig, and its problems are becoming legion. I never, ever though I’d say this, but I’m think I’m going to stick with Microsoft Edge. Just sayin’.
Anyway, speaking of Edge,, the world was on the edge of its seat this morning because Jerome Powell, whose utterances evidently mean vastly more than actual economic data, was going to make some dumb-ass welcoming remarks to a cadre of statisticians. The stories on ZH illustrate neatly how the “widely anticipated” speech turned out to be an absolute nothing-burger. Honestly, what did they expect him to say beyond, “Nice to see everyone here. Have a good time.”
Financial Crime of the Decade
Nice Freakin’ Timing
This chart is simply remarkable. It shows the transaction volume of non-fungible tokens (NFTs) on OpenSea, the largest marketplace. It peaked at nearly $5 billion in January 2022, which was basically Peak Insanity. How about these days? It’s down 99%. NINETY-NINE PERCENT, PEOPLE! Because NFTs are, ya know, completely stupid and useless!
Bumbling Toward Bankruptcy
Bumble, the “Tinder for Women“, and also one of the most “woke” companies to ever exist, is a business failure. This is definitely on the death watch.
