Alicia Monét 🖤

thick & fine, glass of wine. now I’m on your mind ✨✨✨

If you’re in ATL my sister just opened up a coffee shop! You can stop by now, but the grand opening is the 31st. Pull up and I’ll buy you a drink 💚

@anishmoonka Love this deep dive into carvana. My real question is: where are all these private equity firms coming from?! They own such a large amount of assets, and they’re the reason for such high costs, from housing to extracurricular activities, in the last decade

Carvana made about $6,800 in profit on every car they sold last quarter. The typical used car dealer makes around $1,500. Carvana makes four times as much because the car is just the start of what they sell you. About 85 out of every 100 Carvana buyers finance the car through Carvana. At CarMax, their biggest competitor, the same number is closer to 40. When you click "finance" on Carvana's website, they write the loan at one interest rate, then sell that loan to a bank or pension fund within days. They keep the gap between what you pay and what the bank pays them. That gap, multiplied across hundreds of thousands of buyers, is how they print money. Then come the add-ons. An extended warranty. Coverage that pays off your loan if the car gets totaled. An insurance referral to Root, a digital car insurance company Carvana owns a piece of. Each one stacks on top of the same checkout. The car is the bait. The loan is the meal. Everything else is dessert. This is why selling them your car at a price that felt too generous still works for them. The money they make on that trade-in shows up later, after the next buyer signs. They clean it up, sell it to someone else, and that someone else signs another Carvana loan. This is also why they aren't going anywhere. In May 2022 they bought ADESA, a used car auction company, for $2.2 billion. ADESA came with 56 auction yards across the US. Now Carvana owns the auction yard, the body shop that fixes the car up, the trucks that deliver it, and the lender that funds the next buyer. Every step of that car's journey happens inside something Carvana owns. Three years ago none of this looked like it would survive. Carvana's stock hit $3.55 in December 2022. They had over $5.7 billion in debt. The market thought they were going bankrupt. Then Apollo, a giant private equity firm, led a deal with their lenders that cut $1.2 billion of debt and pushed the deadlines out to 2028. Last quarter they sold 187,000 cars and made $405 million in profit in 90 days. They joined the S&P 500 in December. Their market cap sits near $84 billion. Bigger than Ford. The whole business looks confusing if you think of Carvana as a car company. The math gets simple once you see them as a lender that happens to deliver cars.

@TheBaddestMitch Cackling! Bc that’s my fave go to insult

Call them broke!

they was talking bout crack, i smoke weed

No matter how slow the elderly person ahead of you in line is, and no matter your hurry, when they turn and apologize you always smile gently and say take your time. ALWAYS.

@jiggyjayy2 I hate women that infantilize grown men, while wanting to hold young women to adult standards.

Oh girl please bitch hoe!! Teenage girls are allowed to make bad decisions that doesn't mean niggas are not completely at fault for taking advantage of children doing "wrong" grown ass niggas in the club ALWAYS know when its a young girl and the non creeps dont engage

CATCHER IN THE RYE? THE GREAT GATSBY? TO KILL A MOCKING BIRD? THE THINGS THEY CARRIED? OF MICE AND MEN? THE SCARLET LETTER? we are losing recipes

No way y’all are eating butter balls coated in cinnamon sugar, like pure butter. Please say sike.

my Kindle stats… when I add physicals, I’m at 54 books for the year, so far 🥰

I ain’t never been a fake bitch, ever 😘

Then the man responds by saying he’s still getting money … this is what i mean by urban community mess, it isn’t a black issue it’s a ghetto people issue to think having money bypasses being a horrible fucking person

@_adrxante oh baby you did THAT! 🔥

I feel like I haven’t posted a progress pic on here in a while so here’s a weight loss update 🥹🙂‍↕️

MacKenzie Scott divorced Jeff Bezos and got $36 billion in the divorce. She has donated $26 billion to charity since then. She’s now worth $42 billion, six billion MORE than when she started TAX THE BILLIONAIRES. THEY’LL BE FINE.

@285Slim Happy Birthday my love 💙💙

Nigga made it to 31. It’s hell or high water but I’m grateful. Amen 💙

bikymfl.

This how I feel when my hair not done

Rick Ross should have a Verzuz against rappers like T.I., Jeezy or 2chainz not no damn French Montana. This is an outrage!

fienin for a new tattoo 🥲

idk what’s in the air, but all these mid day naps killing my productivity 🫩