• 22 Posts
  • 636 Comments
Joined 3 years ago
cake
Cake day: June 8th, 2023

help-circle


  • I don’t see any mistake in Devolver putting out an IPO.

    I assume that when the founders started the company, they were not ultra rich and had to take investor money in order to get their first couple games to market. They likely hired people at below market rates in exchange for equity.

    Once the company became self sustaining and profitable, those people started asking about how they could turn the promises of equity into actual money. The easiest way was to IPO. Hopefully, the founders sold a bunch of stock when the company was at $250 per share.

    Now the stock is at $7.50 per share and the founders can buy back all the stock they sold and all the stock they gave away in leu of payments. If they did it right, they now have complete control of the company and a pile of cash, all at the expense of the investors who bought in at the public offering.






  • The numbers reported are not even about “physical” vs. digital sales. As I understand it, is software sales conducted in the Nintendo Switch Store vs. software sales from other stores. So a customer buying an activation key in a box will count as a physical sale.

    This is an important data point, since it shows that some customers would rather drive down to GameStop, buy a code in a box, drive home, and punch that code into the console rather than giving Nintendo their credit card (probably because they are buying the game for someone else). That means that stopping sales outside the console games store would alienate a ton of customers.









  • There is a rumor that Simmons’ agent tried to get the Celtics to sign him last summer. The agent even had a new playbook for the team: everyone would be working together to pad Ben’s stats. It would be a win-win. Simmons would have a record breaking season, earning him a max contract somewhere else in the league and Boston would be guaranteed to have the worst record in the league, giving them great lottery odds. The idea was scrapped when Boston told him that they were not taking a year off.


  • I remember that time. Putin said that the Russian Army had not invaded Ukraine, not that there weren’t Russian troops there. There were plenty of Russian military members who took a leave of absence to help restore democracy in Ukraine after the Euromaidan riots threatened the elected government into resigning. That was the official Russian position.


  • Not all voters are going to be community members. Lemmy has a large Linux fanboy contingent. Do they get to decide what communities are or are not allowed to exist in the fediverse?

    Let’s say that someone wants to make a community to post cute dog pictures. They create a rule that all posts must be photos of dogs. Someone comes along, does not read the rules, decides that a kitten is just as cute as a puppy, and starts posting cat pics. People browsing the new posts feed are not going to be paying much attention to community names, see a cute animal photo, and upvote it. The few dog die-hards downvote the posts, but not enough to get the score into the negatives. Are you saying the mod does not have a right to delete the photos for going against the spirit of the community?