The Positive Contribution of Short Sellers

This week the President, Tom Farley, from NYSE Group Inc said short selling "feels kind of icky and Un-American"

It's "un-American" to short?! I'd say it's more un-American to rig the markets so that no one can catch fraud. https://t.co/d2lrFukZ1k

— Bethany McLean (@bethanymac12) June 28, 2017

Famed Short Seller Carson Block, founder of Muddy Waters Capital, was interviewed by Bloomberg later this week and took issue with Farley's comments.


Here is a  May 22, 2003 Presentation by David Rocker to the House of Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprise titled: 

"The Long and Short of Hedge Funds:  Effects of Strategies for Managing Market Risk" 

Included in the above link: 
March 1999 Barron's:"A CROWDED TRADE"
February 2001 Barron's: "Fantasy Accounting"

Short Seller Carson Block Fires Back at NYSE's ‘Un-American’ Jab -https://t.co/CVki1m9feq

— Mae 🔍 (@NCMae) June 30, 2017

The Death of Cash: an ancient technology on the way out?

WikiLeaks Publisher Julian Assange on Twitter

Can anyone find a better or earlier citation for this quote? https://t.co/gTGGFqoTsA pic.twitter.com/YZsugI146y

— Julian Assange (@JulianAssange) June 29, 2017

Tweets by JulianAssange

Little boy asks Pope Francis: 'Is my dad in heaven?'

"Don't Be Afraid to Be Holy" -- Pope Francis 

Harvard Professor, "We are Building Artificial Brains and Uploading Minds to Cloud right now"

On Twitter I follow @PainCapital and he shared this insightful video.

If you have 26 minutes and 27 seconds of your life to spare, this is a must watch video on AlphaGO.https://t.co/V1fvDfiDTI

— Pain Capital (@PainCapital) June 24, 2017

If you follow the Markets, I recommend that you follow 
@PainCapital on Twitter 

Good Fortune (2017)

TheStreet: 20 Troubled Retailers Besides J.C. Penney That Are Shuttering Stores

California High School Sees $24 Million Return on Investment in SNAP

CNBC STORY: HIGH SCHOOL INVESTMENT IN SNAP
In 2012, St. Francis High School fund of Mountain View, California invested $15,000 (@ $0.007 per share) in Snapchat was worth $24 million in March 2017 after SNAP went public. 
The Fund  sold about 1.4 million shares of the 2.1 million shares it owned @ $17 each.
Barry Eggers, a founding partner of venture capital firm Lightspeed Venture Partners, learned about SNAP from his 2 children who were students at the St. Francis in 2012.  

DISCLOSURE FROM SNAP SEC FILINGS prior to IPO 
We were formed in 2010 as Future Freshman, LLC, a California limited liability company, and changed our name to Toyopa Group, LLC in 2011. In 2012, we incorporated as Snapchat, Inc., a Delaware corporation, and changed our name to Snap Inc. in 2016.
we are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. We may take advantage of certain exemptions from various public company reporting requirements, including not being required to have our internal control over financial reporting audited by our independent registered public accounting firm under Section 404 of the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and any golden parachute payments. We may take advantage of these exemptions for up to five years or until we are no longer an “emerging growth company,” whichever is earlier. In addition, the JOBS Act provides that an “emerging growth company” can delay adopting new or revised accounting standards until those standards apply to private companies. We have not elected to avail ourselves of this exemption and, therefore, we will be subject to the same new or revised accounting standards as other public companies that are not “emerging growth companies.”

SEC S-1/A FILING 

Facebook Shareholders Vote Against 5 Proposals at Annual Meeting

On June 1,2017 Facebook (NYSE: $152.81) held its annual shareholder meeting where the company voted on 7 proposals. Of the 7 proposals , the stockholders voted against 5.

Facebook shares are up 300% since going public 5 years ago @ $38.

DEF14 (proxy) filed with SEC

Shareholder Meeting Results 8K filed on the evening of June 6,2017.