Bill Fold | Wall Street Memes

From $29.99 to $22.99 a month

Xbox has also dropped exclusive access to the latest Call of Duty from Game Pass so I guess one CoD is worth $7 a month then?

The move makes Game Pass one of the few subscriptions that’s actually gone down recently especially after the price was hiked 50% just six months ago.

Now the Game Pass is worth only 35% more than it was two years ago. …hardly a bargain.

And crucially it’ll no longer have the CoD exclusive release meaning that the people who really lose out are gamers who got the pass for just a couple of months solely to get the latest CoD at a discounted price.

Everyone else though will no longer have to subsidise Black Ops 49 or whatever we’re up to by now.

Xbox? More like ex-box, am I right?

This comes a difficult time for Xbox as many are saying that they’re shit now, oh, wait, people have always been saying that? Oh, sorry, I guess that’s not news then…

For everything Xbox, keep it locked at WSM.

Idk, probably because he already bought it?

So yeah, it seems crazy that a man as wealthy and powerful as Jeffrey H. Bezos hasn’t had a pay rise since 1998 and doesn’t even take bonuses. But it’s all just shuffling money around isn’t it?

Sure, he takes a nominal salary and can claim to be the better man for it but Amazon pays about $1.6 million in security and travel on Bezos but the CRUCIALLY Jeff is sitting on 8% of Amazon stock worth hundreds of billions.

Yeah, it’s actually quite straightforward, really. I mean, this guy is the third richest person in the world, worth $250 billion, did you really think he was relying on that Christmas Bonus to make ends meet?

Jeff bezos earnings — He doesn’t need it guys, he really, really doesn’t need it.

Yeah, the Bezos family mansion complex will be fine

As the SEC filling explains, “Mr. Bezos requested not to receive additional compensation and has never received annual cash compensation in excess of his current amount. Due to Mr. Bezos’s substantial stock ownership, he believes he is appropriately incentivized and his interests are appropriately aligned with shareholders’ interests.”

Not going to lie, that’s fair play.

Jeff gets compensated when the company’s doing well. He personally invested in the company succeeding. He doesn’t need an insanely high default amount of money that he can rely on even if he lets Amazon go down the tube.

I’m looking at you, Zaslov…

User-generated content.

Ok so this story comes from the highly reputable source, ‘HipHopGamer’ who claims to have an in with Rockstar and will happily do some of their marketing for them with a healthy does of wild speculation.

Mr Gamer says that Rockstar is building an in-game ecosystem and marketplace for players to buy and sell assets they’ve created, allowing real people to make real money in the virtual Vice City.

“There’s things in Grand Theft Auto that I know for a fact, because I got a chance to party with Rockstar, literally,” said HipHop. “This game will produce millionaires. We’re living in a time where UGC is a major thing. It’s wise and it’s worth the wait.”

Don’t know why he speaks like that but OK.

So yeah, this could easily be BS but there’s a chance that HHG is right and GTA6 will have a sort of Roblox/Second Life style internal economy. Could be crap though.

I mean, these games often have an insane amount of features stuffed into the game that you don’t really end up using. Like, did anyone even like the hiking minigame in GTA5?

But even if GTA6 won’t make regular people millionaires it’s certainly going to make some millionaires at Rockstar what with it being maybe the most anticipated video game of all time.

Crabs.

Errr, yeah, definitely not some insider trading happening here…

Investors put about $950 million dollars (dollars) into bets on oil prices falling just hours before US and Iran announced a ceasefire and oil prices did indeed fall.

8,600 lots on Brent and US crude futures were sold for a massive profit. And this might not seem unusual at first but to place massive lots like this in bulk is unusual.

Does it mean there’s something fishy going on? Is Donald Trump himself sat on Polymarket every night trying to make a killing?

We saw this before back in March when investors sold $500 million in oil futures 15 minutes before Trump delayed attacks on Iran’s energy places and oil had a massive drop again.

An anonymous crypto gambler netted almost half a million on a bet that Maduro would be out just two days before he was ousted by Trump and if you can smell something fishy with that then you might just have a future in law enforcement.

Just five hours before the kidnapping, the secret better doubled down on their bet, implying that he (OR SHE) may have been privy to some of that tasty, tasty insider information.

The account was only one week old at the time of the bet and sure, maybe this brand new user got very lucky and cashed out immediately then disappeared, or…

Or they knew something that no one else did.

Well, people are taking note and in response to this story, Democrat Richie Torres announced a bill to crack down on government officials trading on prediction markets.

Maduro? more like, U Mad Bro?

It might be an uphill battle however as it seems that the powers that be paved the way for said insider trading.

As Futurism explains: “Back in October, Reuters reported that the Trump Media and Technology Group was working with Crypto.com to implement prediction market functionality into Truth Social. That came as dozens of federal investigations into crypto-based price fixing, securities fraud, and regulatory noncompliance have been dropped at the Trump administration’s urging. Two of those cases were against prediction platforms Polymarket —the very same implicated in the Venezuela allegations — and Kalshi, for selling options contracts related to congressional elections.”

Yep, this one goes all the way to the top.

Let’s circle back to this story in a couple years when it all comes out that Trump himself made the bet and is laughing all the way to the bank.

CNBNC’s Jimothy ‘Reverse’ Cramer, just said that oil prices have reached their peak and if I’ve learned anything about finance since I started writing for Wall Street Memes Dot Com all of four minutes ago it’s that ‘Cramer is always wrong’ is a running joke in these parts.

Here’s the full quote from his Tweet (X): “The stock of Chevron which has led the futures the whole way saw a reversal today that would indicate a momentary top out in oil.. just saying, the stock’s been ahead and it’s been right”

Sure whatever.

Look, whilst most experts are drawing parallels between what’s happening now and energy crash of 2008, Jim Cramer is drawing with crayons.

Because other experts are saying the opposite. Other experts are saying that if the Iran war keeps going (which it probably will) then oil could easily reach $200 a barrel.

Oh, wait, I’m supposed to be doing a top five list of reasons why the oil price will go up, lemme do that:

5. The war in Iran

4. The war in Iran

3. The war in Iran

2. The war in Iran

1. The war in Iran

Is that clear enough for you JIM?

For more Cramer news click here: fnwaibrhelabgryilaebuiflbraeilbgreilafrilewafui.

Billionaire shark-who-is-also-a-human, Mark Cuban, bought a house that’s now worth $25 million dollars in money BUT THE CUBE got it for half its value at the time. For all you maths freaks out there, that’s a massive 50% discount.

So how did he do it? Well, it’s because the owner lost everything in a stock market crash and was forced to sell it. Oh, that’s not a very nice story. Wait, what’s that, the original owner spent three years building it himself for his wife and family? Oh, that’s really sad actually.

But who gives a DAMN about sentimental value. The CUBE knows a good deal when he sees one and this shark smelt blood in the water.

So good in fact that Mark bought the place without even looking round it. Calling it a “why the fuck now purchase.” Yeah, billionaires can just do that sort of thing.

“I’d never seen the house. I saw some pictures. I’d never been there. I was like, F–k yeah. I’m a billionaire.”

I hate you, Mark.

24,000 Mark Cuban-ic Feet

But there’s a lot us norms can learn from that, you know? For example, “Saving 30% to 50% buying in bulk—replenishable items from toothpaste to soup, or whatever I use a lot of—is the best guaranteed return on investment you can get anywhere,” said Mark in a 2010 Forbes interview.

Sure, yeah, OK, so bulk buy toothpaste, soup and mansions, got it. Great financial advice, nice. We can really learn a lot from this guy.

So, why are we talking about this now? Well, this purchase was back in the 90s and I have literally no idea why this is back in the news again. Fortune just ran a story on it but why tho? I guess it was a slow news day. It’s not like anything is happening in the world right now. And as the intrepid journalist that I am, I just blindly copied their headline without whether the content was even topical.

But hey, I guess you learned something today. Or if not, at least you had some fun and for a brief moment forgot the fact that you’ll likely never own your own home. Oh, damn, sorry, I reminded you again, my bad!

The strategist behind $200 billion investment firms, Rob Arnott has issued a warning against holding investments in the Magnificent 7. Not the movie, no, why would you think that? No, obviously the companies, what is wrong with you?

No, we’re talking about Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). The big hitters, baby.

Well, Arnott predicts a 4% annual value gains and a 1.4% gain in growth continents. Idk what any of that means, but I guess those numbers are definitely small.

Magnificent? Haha, more like, ‘shit’

As Arnott explains it:

“The companies making money from AI are the ones selling the tools. They’re now lending to their own customers so that those customers can keep buying their stuff. And their customers are having a hard time monetizing that equipment.”

“These AI providers will figure out how to make money,” he says. “But not as fast as the expectations that are built into their stock prices. It will be a slow build over a long period, meaning returns on these stocks will be much lower than the market’s baked in.”

Bottom line is:

“If you’ve owned the Mag 7, say ‘thank you very much, Mag 7,’ and get out and don’t ride them back down.”

Sure, we’ve seen massive returns from them in the past but you want to quit while you’re ahead is the thing. Take what you’ve got and make a break for it.

I say ‘without you knowing’, but everyone knows the CAPTCHA is training bots, right? Clicking on lamp posts and road signs was never random, we all knew that, right?

No? Ok, well then this will blow your socks off.

This story comes from an article on X by @sharbel.

You’ve almost definitely done a CATPCHA, but did you know it’s maybe the most contrived acronym to ever be invented? The letters stand for Completely Automated Public Turing test to tell Computers and Humans Apart.

Clunky name, but accurate. These simple tests were developed in the late ‘90s/early’00s to parse out bots flooding the internet with garbage from the real people flooding the internet with garbage.

Originally it was random warped letters that bots (and regular people tbf) were bad at reading. But then Luis von Ahn, a professor from Carnegie Mellon had a bright idea, if people are doing all this work anyway, why not put it to good use?

In 2007, reCAPTCHA added a word from a scanned book that the computer couldn’t decipher and though you didn’t know it, you were helping digitise 130 million books.

After Google bought the tech in 2009, the test shifted in 2012 to traffic lights and lamp posts. Most people cottoned on to the trick, but yes, for 15 years we were all helping catalogue Google’s raw streetview data.

At it’s peak around 200 million reCAPTCHAs were being solved every single day, coming out to 2 billion seconds, or 500,000 hours of labor a day. That’s around $5 million in free labor every day for fifteen years. Add that up and Google has stolen $9 billion from you personally.

You should invoice them.

It’s not an original observation to point out that the richer you are, the less you pay. From free handouts just because you’re famous to being able to afford premium accountants to find tax loopholes, if you’ve not got money, sorry buddy, but you’re double screwed.

Nowhere is this truism more true than when it comes to these location apps that you may have heard of. You’ve not? OK, let me explain.

So apps like Monaeo, Taxbird, TaxDay, Flamingo, Domicile365, Chrono: Time in Place, TrackingStates and Duolingo all offer users the ability to track time spent in jurisdictions, purely for tax purposes.

Some apps even generate logs for audits, will send you alerts when you’ve only got 48 hours left in Geneva, that kind of thing. It’s crazy. These people just exist in another world, don’t they?

Apps? More like GAPS in the law! Am I right?

But if YOU want to cosplay as an expensive bitch you too can download these apps for the low low price of $39.99 for TaxBird or $99 for Monaeo. Not bad, wait, per MONTH? Are you kinding me?? Who’s using these things, the ultra-rich? …Oh, yeah.

These apps exploded (not literally) when COVID made remote working more of a thing and suddenly people need to know where they are right now. If I’m not at work, where the hell am I?

So there you go, a new age of app integration in a way that no one expected and if you can afford it, well, then you’ll save some money to afford it. Pays for itself, really, doesn’t it?

Meta main manager, Mr. ‘Mark’ has manifested a mesmerising Miami mega mansion for millions and millions and millions and millions and millions of monies.

The Zuck and his wife, Priscilla Chan have just spent $170 million on a two-acre waterfront property on Miami’s Indian Creek Island nicknamed ‘Billionaire Bunker’ because it houses the likes of Tom Brady, Ivanka Trump, Jeff Bezos and the Monopoly Guy.

Mr. Berg adds the mansion to his portfolio of homes in Lake Tahoe, Washington and Palo Alto (where he actually lives). The question is, will he actually use the new house? Considering MZ and PC are just two people, even if they split up, only a maximum of 50% of their properties can be occupied at any one time.

Now I’m no financial expert, but I’d say that buying something you’re not going to use, especially at such a price tag, isn’t a very good use of your resources. With such bad financial planning it’s a wonder Mark has become the fourth richest person in the first place.

But what about his neighbors being unhappy, I hear you ask? Oh, I don’t know anything about that, I just made that up for the headline so you’d click over here. I’m assuming they really don’t care.

Just last October it was reported that Jezos was also upgrading his crib. In case you missed it, here’s what we wrote back then:

Amazon big boss and “Breaker of Internets”, Jeffrey Bezos is also a breaker of house valuation records after selling his Seattle mansion for an eye-emulsifying $63 million dollars. That’s the most expensive property ever sold in Washington.

Now that might sound like a lot, but it’s nothing compared to the $237 million American dollars he’s spent on his Miami compound.

Coincidentaly, J-B is worth $237 Billion dollars ($USD) so I don’t know if they picked that number just for synergy or what.

B-Z-Boy only bought the 9,420-square-foot Seattle mansion for $37.5 million dollars (there’s that 37 again, what’s going on?) so a sale of $63 million dollars gives him a net profit of… quick math… at least $20-something million dollars in money.

The area has an average house price of $8 million, one of the priciest in the US, due to its proximity to Seattle’s tech hub. For Jeff, it was only an eight-mile private jet flight to work, so, ideal.

A lake-front view, three bedrooms, four bathrooms (one for every kind of shit), an elevator, a walk-in closet, two kitchens, a rooftop terrace and a glass walkway to the two-story guesthouse. What more could you want?

Well, a lot more apparently. In Miami, Jeff owns three mansions in the ‘Billionaire Bunker’ area and he plans to demolish them to build one single megamansion. But don’t worry, I’m sure it’ll look really tasteful.

But Miami’s a long way from work, Jeff, you had the perfect commute, why’d move, Jeff? Well, why do billionaires do anything? Money.

Washington just upped their capital gains tax to 7% but Miami is way more welcoming to greedy bastards.

…sorry, sorry, I meant to say that Jeff moved to be closer to his in-laws. Yes, of course, sorry, that’s the real reason.

For more on this story, read this one: Bezos Sells Amazon Shares To Pay For Wedding, Narrowly Avoids Bankruptcy

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Xbox? More like ex-box, am I right?

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Bill Fold• D

Xbox Game Pass Is Dropping Its Price By $7 A Month, Is Microsoft Getting Desperate?

Bill Fold• D

Xbox Game Pass Is Dropping Its Price By $7 A Month, Is Microsoft Getting Desperate?

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