Ted Barnhart

@DavidBahnsen @andrewrsorkin @BeckyQuick hey at least we got a short break from all those stupid stock picker ads CNBC has been running 24/7.

Kudos to @andrewrsorkin and @BeckyQuick for not letting this publicity stunt grift go without being called out. The gamification of markets nonsense deserves some serious people who will stand in the way. But at the very least, it deserves some people who can do math.

Yes. The point the CNBC was making is: how does this deal get one without massive dilution of GME shares? I don't follow either of these companies, but I don't think anyone has an answer for that question. In the meantime I am still waiting for GME to go to "infinity" due to naked shorts

@julie_wade The journalists were trying to determine where the roughly 16 billion in additional capital needed to complete the deal would come from. What you just outlined doesn't answer that question either.

This 13D filing is the absolute smoking gun, and it makes that CNBC interview look even more like a circus act. I’m sitting here looking at the actual math while those anchors were busy trying to talk down to Ryan Cohen like he’s some amateur. It’s embarrassing. They’re sitting there on national TV demanding to know Cohen's "source of funds"—acting like he’s some kid applying for a car loan—while he’s sitting on $9 billion in cash and a $20 billion bank commitment. But here’s the kicker -- these CNBC "hosts" had no idea what they were talking about because it’s right there in the filing they clearly didn't read: Cohen didn't just buy a few shares; he’s playing a completely different game. He only bought 25,000 shares of common stock. The rest? A massive 22,176,000 shares controlled through derivatives. That means 99.89% of his eBay position is in calls. He didn’t have to tie up billions of dollars to trap them; he used a fraction of GameStop’s cash to lock in the exact same upside as a 5% stake. So while the CNBC "experts" were busy being rude and demanding to know how he’d "close the gap," Cohen had already manifested a $500 million to $700 million profit out of thin air just by making them say the word "eBay." He’s literally using their own loud-mouthed volatility to pad GameStop's balance sheet. He stayed polite, told them to check the website, and let them keep shouting at him because every second they spent being incredulous to him was another second his calls were printing green. CNBC is playing checkers in a sandbox, and Cohen is using their airtime as a free marketing budget to fuel the most legendary activist flip I’ve ever seen. They wanted his "strategy"? The strategy was making them look like idiots while he cashed their checks. LOL. Cohen is absolutely my hero. Shout out to @michaeljburry for mentioning it in a note on Substack over the weekend, gave me the heads up. $GME $EBAY @SquawkCNBC

I am not a huge CNBC fan, but those were completely appropriate M&A questions that RC would not (or could not) answer. Now, I have no idea what his ultimate objective is so I can't say wheter or not it was a "success" from his perspective - but the interview gave no Ebay shareholder any reason to take the offer seriously.

@ChuckTa79852922 0 was learned. Was really CNBC just questioning the whole thing and coming across rather arrogant.

Wow $GME's new 13D shows derivatives (calls) represent 99.89% (22,176,000 shares) of its $EBAY position. Compared to direct common stock of 25,000 shares, which is only 0.11% of the position.

@StevenMAnthony1 @flushingitgolf It is so absurd, that I had to read the story 3 times to understand that is what actually happened. It didn't make any sense until I realized the inconceivable is what occured.

@flushingitgolf In no golfing universe could anyone think you could play the provisional ball without penalty.

An insane rules story happened this weekend at the Maekyung Open on the Asian Tour/KGA. Inhoi Hur from Korea, who won the event in 2021, hit a drive yesterday on the 7th hole at Namseoul Country Club that looked OB, so he then basically abandoned the ball and went to play his provisional which was in the fairway. The forecaddie/spotter then picked up the original ball because it was judged OB, and handed it to his playing partner’s caddie. But the gallery, who were all there in support of Inhoi, argued that the ball was in bounds and a referee had to be called. One eye witness said it was “very animated”, and several rules officials then had to come to the scene to help calm the situation. After around 30 minutes of heated discussion and the group behind being called through, the Chief Referee judged there was conflicting information and applied Committee Procedures Section 6C(6), which somehow meant Inhui played the provisional ball temporarily without penalty until a decision was made. But what should have happened, is the original ball should have been replaced and a decision made from there. Inhui finished the hole with his provisional ball and signed for a par and a 3rd round 69 to be just outside the top 10. Overnight, as the story was breaking, Flushing It Golf reached out to multiple well placed sources for clarity on the situation. Several players were prepared to speak on anonymity due to the nature of the situation: “It’s fucking bullshit. He basically got a mulligan”, said one. “Obviously he got a mulligan. How is that possible?” Said another. Another player questioned his integrity and others called for disqualification: “What kind of ruling is that? The guy keeping his score just signed his card? It’s just an integrity situation, as a player he should know it’s a bad ruling, but he just listened to the officials because it’s in his favour.” “He should be disqualified.” Inhui wasn’t disqualified. In fact, he actually went out today in the final round and shot a bogey free 7 under par 64 to post the clubhouse lead. At the time of him posting, his score was good enough to make it to a 3 way playoff. Then came the real drama. As Inhui was signing autographs for his large group of supporters thinking he would shortly be making his way back down the 18th with a chance to win the event for the second time, the KGA rules team deemed his ball was OB the previous day and added the 2 shot penalty meaning his score on Saturday was altered to a 71. That knocked him down to T3 and he missed out on the playoff by 2 shots. There was then another altercation between Inhui’s support and the officials. Inhui’s wife has since posted on Instagram questioning the officials and asking for video evidence of the situation. One message translated from Korean reads: “I won’t accept it. Are they just brushing over the fact the competition official lied?” Minhyuk Song went on to win the playoff over Mingyu Cho.

Hello Julia, sans aucune ironie, c'est top que tu prennes le temps de te renseigner. Mais le problème quand on lit Marx aujourd'hui, c'est qu'on prend pour acquis sa prémisse de départ, alors qu'elle a été démontée scientifiquement il y a plus de 150 ans. Toute la pensée de Marx repose sur la théorie de la valeur-travail. L'idée que la valeur d'un bien vient de la quantité de travail nécessaire pour le produire. Si tu acceptes cette prémisse, alors oui, tout son raisonnement tient. Le capitaliste "vole" la plus-value du travailleur, l'exploitation est mathématique, la révolution est inévitable. Sauf qu'en 1871, trois économistes (Menger en Autriche, Jevons en Angleterre, Walras en Suisse) découvrent indépendamment la même chose : la valeur n'est pas objective, elle est subjective et marginale. Un verre d'eau dans le désert vaut une fortune. Le même verre à côté d'une rivière ne vaut rien. Le travail incorporé est identique. Donc le travail ne détermine pas la valeur. C'est le consommateur qui valorise un bien selon son utilité marginale dans un contexte donné. Exemple concret : tu peux passer 1000 heures à tricoter un pull moche que personne ne veut. Selon Marx, ce pull a énormément de valeur (beaucoup de travail incorporé). Selon la réalité, il ne vaut rien. Parce que personne n'en veut. À l'inverse, Bernard Arnault crée des milliards de valeur non pas parce qu'il "exploite" mais parce qu'il a su anticiper et organiser des désirs humains à grande échelle. La valeur est créée par la coordination, pas extraite par le vol. Cette découverte (la révolution marginaliste) a invalidé tout l'édifice marxiste. Pas pour des raisons idéologiques, pour des raisons scientifiques. C'est pour ça que plus aucun département d'économie sérieux au monde n'enseigne Marx comme un cadre d'analyse valide. On l'enseigne en histoire de la pensée. Maintenant, le truc important. Si ton intention en lisant Marx c'est d'aider les pauvres (c'est une intention noble), alors tu vas être surprise par ce qui suit. Regarde les chiffres de la Banque mondiale. En 1820, 90% de l'humanité vivait dans l'extrême pauvreté. Aujourd'hui, moins de 9%. Cette chute historique ne s'est PAS produite dans les pays qui ont appliqué Marx. Elle s'est produite dans les pays qui ont libéralisé leur économie. Chine post-1978, Vietnam post-1986, Inde post-1991, Pologne post-1989. À chaque fois qu'un pays libéralise, des centaines de millions de gens sortent de la pauvreté en une génération. À chaque fois qu'un pays applique Marx (URSS, Cambodge, Corée du Nord, Venezuela), c'est la famine et les goulags. Ce n'est pas une opinion, c'est l'expérience la plus massive jamais menée en sciences sociales. Plusieurs milliards de cobayes humains, sur un siècle. Donc paradoxalement, si tu aimes vraiment les pauvres, la position la plus cohérente n'est pas d'être marxiste. C'est d'être pour la liberté économique. Parce que c'est empiriquement la seule chose qui a jamais sorti massivement les gens de la misère. Pour creuser, je te recommande trois lectures qui vont changer ta vision : "La Loi" de Frédéric Bastiat (court, lumineux, gratuit en ligne) "La Route de la Servitude" de Hayek "Économie en une leçon" de Henry Hazlitt Bonne lecture, et vraiment chapeau de chercher à comprendre plutôt que de rester dans tes certitudes. C'est rare.

@slimatic33 @FriedgeHNIC He iwas not waiving no goal, he is signaling a stoppage in play.

@FriedgeHNIC But the original call was no goal on the ice. How did they gather and agree that the only ref that could see it, that waved it off, said it was a goal???? @FriedgeHNIC

Probably (likely) the right call. Logically, it's in. But inconclusive angles meant original call stuck

@cookerann @nbcchicago Welp....guess he won't be attending the "North American Treaty Orginazation" meetings. Just disgraceful.

Omg seriously @nbcchicago ? 🤦🏼‍♀️

@jeffmcg88 The PEGA

Really don’t like this. Watching golf in prime time with those views of Hawaii in January were enjoyable. The tour just looking at ways to cut costs now.

@BobSuraFans @TheMasters I'd imagine there could be some sort of legal angle (towards disclosure not actual access/policy) given the size of legalized gambling markets

Day 8 respectfully asking @TheMasters to explain how pre-tourney access to the course actually works for the field. Is it equal access for all or do some have access advantages? Do you have to play with a member or not? Members of your club don't live in Augusta so how does that work exactly? If I know more members does that give me more access as a player in the field? Your tournament is one of four that matter historically so humbly asking for transparency sake so that we as fans can understand the fractional advantage that it gives to some in the field in a fractional sport in order to judge history fairly. Have a nice day.

@gljsauer @AlexTran677026 That whole set up is hilarious, the enitre scene is one of the very best ever. Great, great movie which is somehow underrated.

@AlexTran677026 Another great part of that scene is when - Henry would not call Doyle by is correct name

The poker game aboard the 20th Century Limited in The Sting is a showcase of tension and deception. Henry Gondorff, disguised as a drunken gambler, faces Doyle Lonnegan in a high-stakes match where both are cheating. The suspense, combined with Paul Newman’s charm and Robert Shaw’s intensity, makes this scene a defining moment of the film and a classic example of the art of the con. The Sting 1973

@sh97237891 @anuragbnrj @javarevisited I sure haven't, and my immediate question was "isn't the encryption-key the intellectual property of the company that he would be legally required to return ?"

@anuragbnrj @javarevisited These storytellers have never stepped a foot in a corporate office leave a software firm. These idiots need to be restricted only to reddit with other idiots.

A Senior Lead was laid off after 8 years. "It’s just a numbers game," they told him. He handed over his laptop, shook hands, and didn't say a word. Two hours later, the CEO realized that the "silent" developer was the only one with the encryption keys to the production database. The manager called him, expecting him to help for "the sake of the team."↓

@burlivespipe @jmoss16 @ThomasDrance I think his point is that Quinn didn't string the Canucks along.

@jmoss16 @ThomasDrance Quinn had no say - no trade protection; #canucks bent over backwards even when he quit on the team

Jim Rutherford delivers an incredibly hard truth: "Some people think Quinn left here because the team wasn't good, and I think he was leaving anyway. And the best example I can give you is Matthew Tkachuk. He was in Calgary, they had a good team, and he left anyway." #Canucks

@darby_doolittle @tim_c_23 no way CBJ do that.

@tim_c_23 Fantilli straight up and I’m not sure who says no

Sure it’s just going to cost you Adam Fantilli, Kirill Marchenko and two 1st round picks.

@LBknowsBall @TheMasters Amen.

.@TheMasters has always operated on one rule: you come to us. No phones. Dress codes. A lottery most people never win. The scarcity was the point, it’s what created the magic there. This year, I feel like the Augusta National is walking a thin line between maintaining the mythology while slowly selling the thing that made the mythology worth having. There’s a version of growing the game that still respects the game. Rory chasing a career Grand Slam is compelling television. A 20 year-old amateur paired with the world’s best is a story. Kelce eating a sandwich on the fairway while patrons stare in awkward silence is not. The people who truly love and respect the Masters don’t need to be told why it matters. And the people who don’t know yet deserve to find out the same way the rest of us did, through the golf and golf alone.

@walterkirn Just amazing.

The worst thing isn't the mistake but that they used the mistake as the whole premise for their snark.

@Stealthy_GCoach @B1GPledge As a 1984 pizza delivery guy, I agree.

@B1GPledge Needs the flexibility for thickness adjustment. $1 on the outside is smart. Keep the hundo's interior.

Tiger rocking the binder money clip at his net worth is peak #humblegoat

NBA: need more load management. NHL: need to shed my walking boot and play through a high ankle sprain so I can let the other team avenge that dirty hit I threw three weeks ago.

@ericfudgingrant @MSU_Hockey Come on that should never have been a penalty on Wisconsin at that point either…..no one to blame but ourselves

@MSU_Hockey Refs made a bad call for embellishment

We're headed to a sudden victory 5-on-5, 20 minute overtime

@kram93291 @oldhockeycards I am a huge Bobby Orr fan and think is always under rated. There is a solid argument for him as best ever but "unquestioned" might be a bridge too far. My real point however is -now I know why I canceled the Athletic, this list is awful.

@oldhockeycards Orr's #1. He is the unquestioned GOAT. No player, past or present, has had the ability to excel in every phase of the game like Orr did. Offense,defense,PP & PK. And if you messed with Orr he was more than happy to drop the mitts and fight his own battles,and he usually won.

NHL’s Top Players.. How do you feel about the top 10 here..? *Note: these are post-1967 in case you’re wondering why Gordie Howe and others aren’t listed.

@spittinchiclets That's a pretty good hockey anxiety dream, at least he found the right rink and make it on to the ice.

This is what happens in your hockey dreams 😂