Hints and tips:
...He was awarded $22.6mn in cash and stock grants last year, only $2mn shy of Fraser’s $24.5mn comp package....
...Companies treat stock comp as (at best) a non-cash expense or (at worst) not an expense at all, by excluding it from adjusted earnings measures....
...He has since courted a diverse range of figures aligned with the global right, from techno-libertarian Musk to former US president Donald Trump and Brazil’s far-right former leader Jair Bolsonaro....
...The profit metric I prefer to use for tech companies is what I call “true free cash flow”, which is operating cash flow minus capital expenditures and stock-based compensation (stock comp becomes a cash...
...We’re going to start with actions that partially offset stock-based comp, and then we’re going to work our way up towards a consistent reduction of share count.”...
...We need to offset that with a buyback, or the whole ‘adjusted ebitda’ thing where we excluded the cost of stock comp is going to start looking bad....
...In 2023, Uber reported positive true free cash flow, operating cash flow after both capital expenses and stock-based comp, of $1.4bn last year: Meanwhile, Uber’s smaller competitor, Lyft, reported earnings...
...It’s the stock comp that leads to share count creep, which in turn incentivises stock repurchases, even when they are uneconomic....
...First, we expect strong positive operating leverage even with its consent order, aided by its biggest headcount reduction in its history (est. 25K+) that results in lower comp by est. $3B (~10%) and leads...
...So I will merely note here that without the (awful) stock-comp adjustment, SoFi barely broke even on an ebitda basis last quarter....
.... £6,199, canyon.com Best for comfort and climbing: Specialized Aethos Comp — Rival eTap AXS The simple, classic design featuring round tube profiles allows for a hugely impressive feather-light frame...
...Founded by a New York high-school student, Logan Lane, these Brooklyn-based techno refuseniks meet at the same time weekly and head to Prospect Park to read, paint, talk politics and hang out IRL....
...Shares in the Ark Innovation ETF, run by the high-profile, techno-optimist fund manager Cathie Wood who invested heavily in racy tech stocks such as Tesla, Zoom and Coinbase, are currently trading at just...
...“The very strong revenue performance last year continues to create tough comps that will weigh on year-on-year growth rates of advertising revenues for the remainder of the year,” Porat said....
...Perhaps, Young realised, techno-lambing hadn’t done his craft justice....
...Corie Sue Barry, Best Buy Co., Inc. - CEO & Director Yes, absolutely, Anthony....
...Empty halls where assembly lines will sit were compensated for with whirring red and yellow robots, their mechanical movements occasionally accompanied by pulsating techno music from a nearby DJ....
...Its bet since 2010 has paid off with its share in the global mirrorless camera market hitting 35 per cent last year, level with Canon and more than four times the share of Nikon, according to Techno Systems...
...In the fourth quarter TJX reported just a 3 per cent year-on-year drop in “open-only comp sales” — comparable-store sales adjusted to represent only stores opened. Macy’s reported a 17 per cent slide....
...ARK is the investment fund and ETF provider that wants to believe in larger than life techno disruptive dreamscaping while ending up on the right side of change. (If not a Martian mount.)...
...On the earnings call, most questions were variations on “how do you comp [match] this amazing, spectacular performance?” Zoom predicts its good fortune will continue for the rest of the year....
...secretary, will express frustration at American officials this week over “punitive” tariffs levied on British goods in her first face-to-face meeting since negotiations for a trade agreement began.Read more Techno-nationalism...
...Such arguments naturally generate fears of “mission creep” and the rise of a techno-surveillance state....
...Well it seems like the Tesla founder’s techno-solutionist bent has its limits....
...A version of this article was first published on May 14 by the Nikkei Asian Review. ©2020 Nikkei Inc. All rights reserved....
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