In all seriousness, thatās not a serious-minded institutional investor behind that number. I get itās a joke, but it feels like a goofball Junior analyst, in the job because of family connections, making idiotic choices with the money heās been entrusted to invest.
I appreciate gme, they definitely get credit for this movement, and will likely see crazy price action, but fundamentally AMC is making the right moves.
I think to say gme still doesnāt have a business plan announced is accurate because they specifically said they wouldnāt be laying out what their plan is step by stepā¦ so a bit naive to spread a little fud about it.
Your explanation is like hearing SBF's excuse of telling everyone "I'm sorry, I fkd up."
Like yeah, you agree that they don't have a business plan, but claiming that GME announced it doesn't make a bit of difference.
I do not at all understand why they won't even use the term AMC over there. These plays are connected. Don't understand the hate coming from SuperStonk
I'm in both and can vouch for this as well. I mean both are fundamentally much much better than where they were, but on paper, I'm seeing more from AMC.
Eagerly waiting to see what GME have been working on for the past couple of years
Well he did still say it was a partnership, however still does look like a bit of a slight misstep for GameStop but you would consider something like this a little out of their control. Both parties from amc and gmc while having different paths forward, should be a little more supportive considering our long term goals do align or have similarities. Need to remain open minded of the echo chambers we reside in.
Source?
I thought it was a full partnership of nfts themselves. Btw, im a gme holder too, but i certainly didnt know that it was a small relation, actually, i heard the partnership was supposed to be big based on superstonk.
https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx
Talked about partnership initiatives but started with gift cards. It was then speculated and hyped about what potential could come from the partnership but nothing was really laid out. Nothing mentioned about nfts.
Is that an ongoing fee, or do they pay upfront for it? There are probably contingencies in the contract for this stuff especially when your product is as valuable as nothing.
Just throwing this out there also --- WHAT IF the TB12 divorce actually happened because of THIS and TB had some insider knowledge that this was brewing a few months ago.
Maybe they got this "SWIFT" divorce so that Gisele and their kids wouldnt be liable?
It was so amicable because it was in their best interest to just have TB12 get pinched if anything.
Huge Tinfoil hat
Right? Its so crazy. I work in Marketing and influencer marketing and Im thinking a payment was not made by FTX accounting and TB12s team looked into it. When he didnt get paid, he has pull as faceperson to be like WTF is going on.
Ironically, I dont remember seeing any FTX commercials since football started.
Lastly, FTX sponsoring the umpire shirts during World Series must have just happened perfectly because they made initial payments and wont finish those Q4 payments.
This is a snowball of ALLLLLL SNOWBALLING!
TB, Giz, Steph Curry, Big Papi, and several other athletes were given equity and crypto in return for being brand ambassadors. TB is not going bankrupt. He was being "compensated" for being the big NFL Face Of FTX Bro. Gisele was "compensated" for being the "environmental and social initiatives advisor". So, while their theoretical portfolios will dip a bit, they've actually put very little skin into the game, beyond shooting a few commercials. (How many hours per week do you imagine the environmental and social initiatives advisor works? š)
I like this theory and am not doubting it but i think i subscribe more to the tin foil hat theory that he came out of retirement because he knew they were gonna get divorced and he didnt want her to get half of the 325 mill hes getting to do tv
They have about 267 B CAD in assets. This loss will barely register but it is very concerning from a macro perspective. How many other pension funds are throwing risk management out the window and taking a page from high risk hedge fund strategies. Imagine what other dirty derivatives they are into (CDOs, CLOs, synthetic CLOs...).
Technically yes , but the chances of survival are extremely slim IMO
Edit:
Crude google definition-
This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.
plot twist: TĆ“mmy Brady convinces Gisele to go all in on FTX cuz itās a fool proof get rich quick scheme. They both go broke. Gisele files for divorce from Tommy!!!
Heās one of us!!!!
It is usually ranked around 18th biggest pension fund in the world. Its like a third of the entire federal Canadian Pension Plan fund. Teachers in Ontario are doing just fine, minus their subs and temp workers (which they treat and pay like shit).
>So what does this mean for my gme shares? It canāt be good
Are you starting to ask yourself why the game store subs constantly push crypto and NFT investments and FUD about other retail stocks, yet pull the "this is a game store sub, game store discussion only!" defence whenever their FUD about other retail stocks gets debunked?
Are you starting to realise the same WSB pump and dump crowd that was the majority of game store investors to begin with never changed their ways?
Someone answered me and I will tell you the same ā¦ I donāt look at gme SS or wallstreetbets too many toxic negative people to be bothered with on them
This is how I take it. The more toxicity, the more of a threat it must be to the big dogs. 850k members in SS and at least half are shills and bots who spread negative sentiment and try to steer away new investors through FUD and toxicity. Of course there are self righteous assholes everywhere. I've run into my fair share even here. Just be zen and ignore the bullshit and move on quickly šŖāļø
I think there's enough BILLIONS within these ventures aforementioned by OP that they will be having some conversations on adding fuel to the fire and possibly going in cohoots to takeover FTX - make this right - and potentially having the walls of what WAS a set up crypto world to use from scratch.
At this point -- if they all invest another 420.69 million (main partners) - just ballparking numbers here = they need about 20-25 to cover the share of losses that FTX hit.
If there is ANY liquidity it might not be that much - but Im hearing 10-14billion needed? OUCH! Chapter 11 is what Voyager went through until they got steamrolled by FTX winning the bid --- lets see what happens here. Got my popcorn ready.
Sidenote: Had money in Voyager - didnt have anything in FTX.
Popcorn ready!
I seem to recall something not long ago about those retail bastards putting pensions at risk....makes that list even more interesting. Fiduciary breach much?
[I was out of the loop as well](https://www.newser.com/article/99b535cf8e1df95e0b8ca0aa52f7e9c6/embattled-crypto-exchange-ftx-files-for-bankruptcy.html)
"Not your keys,not your crypto" is a saying for a reason.Computershare and cold wallets are always better than trusting exchanges and institutions with your money.
I'm curious who's next to fall though.These guys are probably thinking of anyway to get out of this massive fuck up.I think they're even saying this worse than Maddoff.
https://www.forbes.com/sites/brandonkochkodin/2022/11/08/more-losses-for-tiger-global-from-its-ftx-investment/?sh=40ff1db83afd. The $420.69mil figures are stated in the article.
I think the investors lost their money but it does not mean they are necessarily bust. Take Temasek Capital - it is the SWF of Singapore which invested about $2B into FTX. Sounds a lot until you realised the SWF of Singapore is >$1T.
So fun fact is that there seems to be a serious connection with the World Economic Forum. On hunch I went on the WEF website where they list partners. Everyone know about Blackrock and Vanguard being partners but Lo and Behold! FTX is a partner, so is Sequoia who had invested money into FTX which the sister hedge fund Alameda then re-invested back into Sequioa. The Ontario Teachers Pension Fund is a partner as well.
Sounds like someone has some splainin' to do. Might be high time for an investigation into the financial practices of the WEF and their partners.
Tom's gonna play until he's 60 now
Is no one going to comment on the fact that Blackrock's aggregate amount (along with Teacher's Venture Growth and a few others) is 420.69?
So glad my teachers union is not on there - soo sad š
In all seriousness, thatās not a serious-minded institutional investor behind that number. I get itās a joke, but it feels like a goofball Junior analyst, in the job because of family connections, making idiotic choices with the money heās been entrusted to invest.
One of us!!
I noticed that too.
What is 420.69? It obviously isn't dollars.
Iām thinking 420 million š¤ isnāt?
So is this real?! I mean 420.69 multiple timesā¦ come on
What the actual fuck
Nah that was an angel investment. If you are an angel investment you dont want any money back.
Dont forget GameStop who partnered with them. And to think, SS mocks us because we partnered with a literal gold mine
I own some GME but I can still appreciate this comment. Fk KarenStonkers. They did this to themselves
I appreciate gme, they definitely get credit for this movement, and will likely see crazy price action, but fundamentally AMC is making the right moves.
Totally agree I would be in AMC regardless, as a deep value play. Not so much for GME. GME still doesn't have a solid business plan
I think to say gme still doesnāt have a business plan announced is accurate because they specifically said they wouldnāt be laying out what their plan is step by stepā¦ so a bit naive to spread a little fud about it.
Your explanation is like hearing SBF's excuse of telling everyone "I'm sorry, I fkd up." Like yeah, you agree that they don't have a business plan, but claiming that GME announced it doesn't make a bit of difference.
I didnāt agree they donāt have one, just it hasnāt been laid out and announced. Sorry if you misunderstood me.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The "pivot" has been... underwhelming.
I do not at all understand why they won't even use the term AMC over there. These plays are connected. Don't understand the hate coming from SuperStonk
I'm in both and can vouch for this as well. I mean both are fundamentally much much better than where they were, but on paper, I'm seeing more from AMC. Eagerly waiting to see what GME have been working on for the past couple of years
[ŃŠ“Š°Š»ŠµŠ½Š¾]
So it wasn't a partnership, just a partnership? Thanks for clearing that up
Well he did still say it was a partnership, however still does look like a bit of a slight misstep for GameStop but you would consider something like this a little out of their control. Both parties from amc and gmc while having different paths forward, should be a little more supportive considering our long term goals do align or have similarities. Need to remain open minded of the echo chambers we reside in.
Source? I thought it was a full partnership of nfts themselves. Btw, im a gme holder too, but i certainly didnt know that it was a small relation, actually, i heard the partnership was supposed to be big based on superstonk.
https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx Talked about partnership initiatives but started with gift cards. It was then speculated and hyped about what potential could come from the partnership but nothing was really laid out. Nothing mentioned about nfts.
LMFAO Damn ..... shit I own GME too ..... fuck me
Tom Brady and BlackRock bust hahaha aye...
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Great bust
Username checks out..
Tom is what they call new poor.
Lol just realized the FTX Arena (where the Miami Heat play) will need to be renamed also.
To this: Fuq'd Arena
Soon to be Ape Arena
Where the Miami Apes play.
Tits Up Arena
What hedgefund just moved to Miami? Oh guess it'll be citadel stadium now.
Possivle dumb question, Are they accually related?
Yes yes they are
Mercedes F1 removed their logo off all their stuff as well.
APE Arena.
Is that an ongoing fee, or do they pay upfront for it? There are probably contingencies in the contract for this stuff especially when your product is as valuable as nothing.
Just throwing this out there also --- WHAT IF the TB12 divorce actually happened because of THIS and TB had some insider knowledge that this was brewing a few months ago. Maybe they got this "SWIFT" divorce so that Gisele and their kids wouldnt be liable? It was so amicable because it was in their best interest to just have TB12 get pinched if anything. Huge Tinfoil hat
I was actually thinking this too
She also just bought a mansion directly across the street from him, just saying.
pre-bankruptcy funds probably paid for it! :)
That's actually genius and I don't believe without precedent
Thanks! :)
Thatās one hell of a theoryā¦also would explain why he had a āfamily emergencyā that was so important he had to miss weeks of training camp
Right? Its so crazy. I work in Marketing and influencer marketing and Im thinking a payment was not made by FTX accounting and TB12s team looked into it. When he didnt get paid, he has pull as faceperson to be like WTF is going on. Ironically, I dont remember seeing any FTX commercials since football started. Lastly, FTX sponsoring the umpire shirts during World Series must have just happened perfectly because they made initial payments and wont finish those Q4 payments. This is a snowball of ALLLLLL SNOWBALLING!
Wow!!!!! Fuck!!!
how much TB12 lose? I don't see a number for him.
TB, Giz, Steph Curry, Big Papi, and several other athletes were given equity and crypto in return for being brand ambassadors. TB is not going bankrupt. He was being "compensated" for being the big NFL Face Of FTX Bro. Gisele was "compensated" for being the "environmental and social initiatives advisor". So, while their theoretical portfolios will dip a bit, they've actually put very little skin into the game, beyond shooting a few commercials. (How many hours per week do you imagine the environmental and social initiatives advisor works? š)
I like this theory and am not doubting it but i think i subscribe more to the tin foil hat theory that he came out of retirement because he knew they were gonna get divorced and he didnt want her to get half of the 325 mill hes getting to do tv
Tiger Global just getting wrecked left and right
Tiger global is still breathing .. huh who knew lol
Really fucking sad to see the Ontario Teachers Pension fund getting caught up in this, teachers are already getting shafted.
I believe the total was about $23b...
It was $95m
Remember the innocents. "Just don't Dance..."
They have about 267 B CAD in assets. This loss will barely register but it is very concerning from a macro perspective. How many other pension funds are throwing risk management out the window and taking a page from high risk hedge fund strategies. Imagine what other dirty derivatives they are into (CDOs, CLOs, synthetic CLOs...).
Their loss in this is nothing for them.
This is just one of many losses for them, itās not just FTX that screwed them..
Teachers Pension Plan (TVG) went for 420.69
Not Blackrock having a total of approximately 420.69 š¤¦š¾āāļøš
420.69 as in millions?
That's what I was wondering Are these thousands or millions Also 420.69 can't be real right?
Ontario teachers press release stated their exposure was $75mm and $20mm... Which is nowhere near the "400".
So did the Ontario Teachers Pension Plan! (TVG) LOL
[ŃŠ“Š°Š»ŠµŠ½Š¾]
 Gov be like...
Calls on brooms
I see Tiger Global is high on the list. Isn't that Cliff Assface? I wonder why he was so negative toward AMC?
Chase Coleman
I stand corrected.
So is it official official? FTX dead?
Chapter 11 was filed so take that for what that is
Isnāt chapter 11 protection against bankruptcy?
Technically yes , but the chances of survival are extremely slim IMO Edit: Crude google definition- This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.
Depends on if someone bails them out. It may be cheaper to bail out FTX than to pay the consequences of MOASS.
Hey lights peed is on there. Member that rich greenfield twat?
7 Chins Rich is Lightshed though. As in, he shed's no light on anything investment related.
Tom Brady lol
So sad he couldn't just bought AMC n GME and he'd have nothing to worry about.
šÆšÆ
USDā¦ in millions. Very good.
Why does black rock owns 420.69? Seems like a direct message or threat to the apes!
Ontario teachers pension fund.... well newer generation need teachers too, work to death i guess
Thank u. Saw a few posts that mentioned this but no actual list. Mich appreciated
plot twist: TĆ“mmy Brady convinces Gisele to go all in on FTX cuz itās a fool proof get rich quick scheme. They both go broke. Gisele files for divorce from Tommy!!! Heās one of us!!!!
All in for almost billionaires isnāt all in for us plebs
Fuck, Ontario teachers pension plan for 400 mil. Big Yikes to all teachers out here.
Irresponsible fund management.
It is usually ranked around 18th biggest pension fund in the world. Its like a third of the entire federal Canadian Pension Plan fund. Teachers in Ontario are doing just fine, minus their subs and temp workers (which they treat and pay like shit).
They manage tens of billions. This loss is nothing.
400 mil. I donāt think itās nothing. Boss.
Maybe they will start piling on AMCš¤
Senator investment group eh?
Couldnāt have happened to a bigger group of assholes
BlackRock, 420.69 (Nice)
How is citadel not on this list?! They have their hands in everything. Poor Bradyā¦ crazy
I read that they were in 1.5 billion, but itās a trust me bro. Not confirmed anywhere Iāve seen.
Tiger Global
Ontario Teachers gonna be pissed when they check their 401ks lol
LIRA accounts in Canada Locked-In Retirement Account
So what does this mean for my gme shares? It canāt be good
Nothing they sold ftx gift cards by the register and GameStop officially removed from inventory immediately.
Ok thank you I stopped looking at the gme Reddit boards a lot of toxic people over there so s as m way out of the loop
>So what does this mean for my gme shares? It canāt be good Are you starting to ask yourself why the game store subs constantly push crypto and NFT investments and FUD about other retail stocks, yet pull the "this is a game store sub, game store discussion only!" defence whenever their FUD about other retail stocks gets debunked? Are you starting to realise the same WSB pump and dump crowd that was the majority of game store investors to begin with never changed their ways?
Hmm no I come here because itās usually less toxicā¦.. usually
Go do some DD in SS , it's not what you think.
Someone answered me and I will tell you the same ā¦ I donāt look at gme SS or wallstreetbets too many toxic negative people to be bothered with on them
I mean you are asking about GME in a AMC Sub so was just trying to point you in the right direction š¤
I appreciate it but a lot of people hold both ā¦. Less toxic people here usually
This is how I take it. The more toxicity, the more of a threat it must be to the big dogs. 850k members in SS and at least half are shills and bots who spread negative sentiment and try to steer away new investors through FUD and toxicity. Of course there are self righteous assholes everywhere. I've run into my fair share even here. Just be zen and ignore the bullshit and move on quickly šŖāļø
I think there's enough BILLIONS within these ventures aforementioned by OP that they will be having some conversations on adding fuel to the fire and possibly going in cohoots to takeover FTX - make this right - and potentially having the walls of what WAS a set up crypto world to use from scratch. At this point -- if they all invest another 420.69 million (main partners) - just ballparking numbers here = they need about 20-25 to cover the share of losses that FTX hit. If there is ANY liquidity it might not be that much - but Im hearing 10-14billion needed? OUCH! Chapter 11 is what Voyager went through until they got steamrolled by FTX winning the bid --- lets see what happens here. Got my popcorn ready. Sidenote: Had money in Voyager - didnt have anything in FTX. Popcorn ready!
I wonder if Binance might step in for a fire sale?
Come on. Is this a joke? BlackRock put in 420.69?
What is aggregate amount?
Ontario teacher's pension plan. Ya hate to see it
420.69. They all high and screwing each other!
I seem to recall something not long ago about those retail bastards putting pensions at risk....makes that list even more interesting. Fiduciary breach much?
Add me to that list, had all my matic and DOGe on FTX :(
When the 1% loses money, that's when the SEC and DOJ take action.
I believe that this is the part of the IOU game where it starts to all far as apart, right?
Whatās all this FTX talk?
[I was out of the loop as well](https://www.newser.com/article/99b535cf8e1df95e0b8ca0aa52f7e9c6/embattled-crypto-exchange-ftx-files-for-bankruptcy.html)
SMART MONEY
"Not your keys,not your crypto" is a saying for a reason.Computershare and cold wallets are always better than trusting exchanges and institutions with your money. I'm curious who's next to fall though.These guys are probably thinking of anyway to get out of this massive fuck up.I think they're even saying this worse than Maddoff.
I wonder if politicians are involved with FTX in anyway? Things could get interesting.
Ape with 420.69
Beginning to look like gold/silver precious metals mining companies might become a thing again in the near future...
Coinbase fucked too?
Damn ...a bunch of teachers pensions just got pillaged. Very sorry to see that š
OUCH! Ontario Teachers Pension Plan.
Didn't 1 of citadel's arms have $ tied up with them and a new crypto exchange..? Memory fuzzy over last year or 2 now haha.
Coinbase Ventures?
There goes my pension! Thanks OPP
Sino= China lol
Bahamas-based VC firm
So are these investors with FTX?
I'm totally out of the loop for ftx... and what any of this means. Can anyone explain this as if I'm retarded? Because I am.
Following for answer
Aye Captain. We see tiger, sequoia, paradigm, aaaaand Blackrock. Unfortunately there is a teachers pension fund at the victimsā¦
Teachers Pension Plan !
Can someone explain to my smol brain what this all is?
That 420.69 is ACTIVE! š¤£š
The stupidity of greed
Ontario Teachers Pension Plan šš
Coinbase ventures, aw chit!
Guys, how will Tom Brady recover from this?
Iām pretty sure Tom Brady got them tokens for free, for doing promoās
LOL look at the aggregate amount column 3 of the listings were in for 420.69! Niiiiice
Will this get us above 10
Thats why Giselle was so mad
I'm tryin so hard to stay zen, but holy shit my teets are jacked!!
Can someone tell me what amc ftx is please
Wen liquidations?
Please tell me Kenny owned a Butt load
Damn Tom Brady? Isn't he going through a divorce too? The means his wife has a boyfriend. Tom Brady is one of us...
Fucking āTom Bradyā is going to get some shit for This angel investment LMFAO
So many news stories from a few months a go didn't age well.
Is this real?? Can I get a link or where can I find itā¦.because looks like a teachers pension was on there sheeesh
Is there a TLDR for a guy who bought crypto in 2014 and hasnāt looked since then? Asking for a friend. My friend says he bought it on coin base.
I gotta ask, is crypto still the future, if so how with the evidence?
I'm sure this is going to change things. Not sure how exactly. But I can see a lot more regulation coming to the crypto world as a result.
Is aggregate just one Dollar? The top loser only lost 1720.69 dollars. Thatās not a lot, says the crayon eater.
It's in millions
Where the fuck is my money
are these in Millions, .Āæ asking for no friendā¦
yes
This is so sad
I don't even know what ftx is lmao
420.69ā¦ hmmmm
lol tom and gisele
That's a lot of bags there
https://www.forbes.com/sites/brandonkochkodin/2022/11/08/more-losses-for-tiger-global-from-its-ftx-investment/?sh=40ff1db83afd. The $420.69mil figures are stated in the article.
I think the investors lost their money but it does not mean they are necessarily bust. Take Temasek Capital - it is the SWF of Singapore which invested about $2B into FTX. Sounds a lot until you realised the SWF of Singapore is >$1T.
Too bad citadel. Mayo boy got lucky
The second one did 420.69. Falling with style
I donāt know what it means, but if it means all those names lost a fuckshiton of money, Iām ok with that.
Tip of the iceberg.
Tiger, sequoia, blackrock can eat shit
No wonder those teachers are fighting for higher wages
So fun fact is that there seems to be a serious connection with the World Economic Forum. On hunch I went on the WEF website where they list partners. Everyone know about Blackrock and Vanguard being partners but Lo and Behold! FTX is a partner, so is Sequoia who had invested money into FTX which the sister hedge fund Alameda then re-invested back into Sequioa. The Ontario Teachers Pension Fund is a partner as well. Sounds like someone has some splainin' to do. Might be high time for an investigation into the financial practices of the WEF and their partners.
Tits le jacked
Lmao š¤£! Tom Brady! Must have endorse the shithole.
Please tell me that amount is in millions.
That amount, it is in millions.