Legal US Online Gambling - A State-By-State Guide in the US

what online gambling is legal in the united states

what online gambling is legal in the united states - win

FuboTV DD (First time making DD, please give advice)

I tried to make it easy to skip around if you just want to see the financials or estimates. Just scroll to them if you don't care what the company is or their sectocompetition/management. TL;DR at bottom with final thoughts.
Introduction
“FuboTV ($FUBO) is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies.
Launched on January 1, 2015 as a soccer streaming service, FuboTV changed to an all-sports service in 2017 and then to a virtual multichannel video programming distributor (vMVPD) model. As a vMVPD, FuboTV still calls itself sports-first but its expanded channel lineup targets cord cutters, offering a selection of major cable channels and OTT-originated features that can be streamed through smart TVs, mobile and tablets and the web. The service is available in the United States, Canada and Spain as of 2018."
From their home page:
They are the only competitors in their space of digital sports broadcasting, offer 4K streaming and upscaling of live sports, cloud DVR capability ranging from 250 or 1000 hours on standard plans, and is available on Roku, Apple TV, Amazon Fire TV, Chromecast, Samsung Smart TVs, Xbox One, Android TV, Android Smart TVs, and Android/iOS smartphones and tablets, with plans ranging from $24.99/month to $79.99/month (not including add-ons).
They have also recently acquired one company and have made plans to acquire another to allow for in-house sports betting. They have stated in a press release that they plan to release a sportsbook before the end of the year. This will push them into a broader spectrum outside of only TV and sports streaming, and into the sports betting sector along with DraftKings ($DKNG), FanDuel ($PDYPY), and Penn National Gaming ($PENN).
Plans and Add-ons
FuboTV offers three standardized plans as of February 8, 2021: the Family plan is priced at $64.99/month (normally $75.97/month), Elite at $79.99/month (normally $100.95/month), and Latino Quarterly at $24.99/month, along with offering additional add-ons. Each plan offers a range of channels, cloud DVR capabilities (which allows fast-forwarding through commercials), and casting to multiple devices simultaneously. Only the Elite plan does not offer a 7-day free trial (Channels page).
The Family plan includes 117 channels (mostly news and entertainment with roughly 40 that offer sports, including ESPN), up to 250 hours of DVR space, and casting to 3 devices at once. The quarterly prepaid includes a free upgrade to 1000 hours of DVR space and 5 casting devices at home with 3 on the go (Channels page).
The Elite plan includes 164 channels (includes an additional “47 entertainment channels”), up to 1000 hours of DVR space, and casting to 5 devices at home with 3 on the go. This plan does not offer a quarterly prepaid (Channels page).
The Latino Quarterly plan includes 250 hours of DVR space and can be streamed on up to 3 devices at once, but only has 32 channels. This plan needs to be prepaid every 3 months for a total charge of $74.97 and does not offer a monthly service (Channels page).
Upgrades include additional DVR space--1000 hours for an additional $6.99/month for the Family and Latino Quarterly--and increased device casting--an additional 2 devices at home with 3 on the go for another $9.99/month for the Family and Latino Quarterly plans. You can also add a variety of channels and sports packages (the Latino Quarterly has fewer channel add-ons compared to the Family and Elite plans, which both have the same channel varieties). Sports Plus with NFL RedZone is an additional $10.99/month, but includes all professional and college sports broadcasting services for football, basketball, baseball, hockey, tennis, fighting, etc. (Channels page).
Fubo has recently removed its former Standard plan, which included only 65 channels, up to 2 casting devices, and only 30 hours of DVR support for $60/month.
Financials and Growth
Fubo has yet to file an annual report as they have gone public in October of 2020, but they have filed a 10-Q for Q3 2020. All numbers in thousands.
Assets-
Between December 31, 2019 and September of 2020, assets have increased from $368,225 to $799,313 (a 117% increase) . Total current assets increased from $17,973 to $58,016, but accounts receivable decreased from $8,904 to $6,975--this may be attributed to the increase in prepaid subscriptions which increased from $1,445 to $12,177 which shows strong customer satisfaction and retention.
Liabilities-
Liabilities have increased from $145,049 to $290,376 (a 100% increase). The largest contributors to their liabilities are “Due to related parties” increasing from $665 to $85,847, “Warrant liabilities” increasing from $24 to $28,085, and “Accounts payable” from $36,373 to $61,679. Long-term borrowings have decreased from $43,982 to $25,905.
Revenues-
Subscription revenues increased by $53,433, totaling $92,945 for the year. Total revenues including advertisements and licensing have increased by $61,202, totaling $112,669 for the year and an increase of 47% YOY. Q4 revenue is estimated to be between $94,000 and $98,000 which would be a 77-84% increase YOY.
Expenses-
Subscriber related expenses total $114,315 for the year. Total expenses have totaled $500,249 for the year.
Subscribers-
Ended Q3 with 455,000 paid subscribers, a YOY increase of 58%, and plans to end 2020 with over 545,000, an increase of 72% YOY.
Competition
Its closest competitors are Hulu + Live TV (owned by Disney ($DIS)), YouTube TV (owned by Alphabet ($GOOG)), and Sling TV (owned by Dish Network ($DISH)).
Hulu + Live TV
YouTube TV
Sling TV Blue
Sling TV Orange
The vMVPD Sector
Cord-cutting has become increasingly popular over the last few years with consumers dropping traditional cable and satellite networks in favor of streaming services--such as Hulu, Netflix, Disney+, etc.--and vMVPD services.
In 2019 alone, 6.3 million people cut their cable connection, totaling 39.3 million. In a survey of what they might miss most from cable networks, 52% said they don’t miss anything, 23% missed live events on TV, 22% missed news, and 19% missed live sports. Although not all of those that miss aspects of cable will pay for another subscription service, the sentiment exists for a sports-focused platform that offers other large networks as well.
Another report by Parks Associates reveals that 17% of vMVPD subscribers switched from traditional TV within the last twelve months. In the same report, a survey conducted on current broadband households determined that 43% were “likely to switch to a… vMVPD within the next 12 months." The potential growth exists for the live digital broadcasting space, although it is slowing down.
With the spread of COVID and quarantines, people have been spending more time at home. When things open and quarantines end, that will be the true test for these providers as people will spend less time watching TV.
The Sports Betting Sector
Legal sports betting has taken a huge leap in recent years with the introduction of online sports betting; the ability to place wagers from anywhere at any time and have instant gratification has boomed with its slow legalization. This sector has a forecasted value of $150 billion with other competitors already having a completed project and vast market share. In 2019, DraftKings ($DKNG) and FanDuel (PDYPY) controlled 83% of the market share.
FuboTV plans to join into this space with its own sportsbook. Their recent acquisition of Balto Sports in December of 2020, whose business was in simulating fantasy sports games, is Fubo’s first step into sports wagering. They plan to create a free-to-play gaming system alongside online sports wagering.
Their next planned acquisition, which was announced in January of 2021, will be to acquire Vigtory, a sports betting and interactive gaming company. According to BusinessWire, they plan to utilize Vigtory’s “sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop a frictionless betting experience for fubo’s customers."
These recent acquisitions set Fubo up to create an all-in-one viewing and betting experience, which could add new customers to their subscriber list and seal them into online wagering.
It has been over two years since the Supreme Court has denied the federal ban on sports betting, which would have made online betting illegal in all of the United States. Currently, more than two dozen states have legalized sports betting, but most have only legalized in-person betting. More states may be willing to legalize to take advantage of the increased revenues and taxes associated with gambling and online wagering. As of 2020, six additional states plan to legalize some form of betting, although some are only allowing in-person. There are an additional 14 states that are considering the notion to allow legal gambling, whether in-person, online, or tribal.
Management and Investors
David Gandler - CEO / Director / Co-Founder
Appointed as CEO and director in April of 2020. Prior to Fubo, Gandler had a 15 year career in marketing and advertising in local broadcast and cable TV within both general and Hispanic markets at companies such as Time Warner, Telemundo, and Scripps Networks Interactive.
Alberto Horihuela - CMO / Co-founder
In charge of marketing, Horihuela was head of Latin America for SVOD service DramaFever.
Simone Nardi - CFO
Nardi has worked as SVP and CFO of Scripps Networks Interactive where he was responsible for the finance and strategic planning for the company’s international business. Was also a key player in refinancing TVN S.A.’s billion dollar debt.
Large Investors
Analysts and Estimates
Average analyst ratings put Fubo at a Buy to Strong Buy rating with an average price target of $45.50 with a high of $60 and a low of $30. EPS estimates are estimated to be -5.23 for 2020 and -1.64 for 2021.
Currently has a short float of about 75%, but the short volume has been holding at roughly 15-20% over the last month and has drastically declined from its October short volume of over 50%.
Originally valued at $700 million less than a year ago, a current valuation of $3.19 billion is respectable for this company and is on par for its current performance.
Risks
Final Thoughts / TL;DR
With its drastic growth over the last year (400% in the last 4 months), support from FaceBank and well-known investors, and plans to join the sports betting sector, FuboTV has potential to become a household name and grow well beyond its current valuation by combining both sports broadcasting and online sports betting into one convenient place. Although unlikely to overthrow any of the current forces, it can become the best live sports broadcaster that people can turn to when they cut cable but want to keep live sports. It has many hurdles to overcome (creating their sportsbook, better marketing, increasing subscriber count, etc.) before it is any real competition to its already established competition.
At a $3.19 billion market cap and very high (75%) short interest, it will be very difficult to realize consistent growth, but it is on par for a company with almost $100 million in revenue.
My Position
25 shares at $47.30
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Edit: edited final thoughts/TL;DR
Please provide feedback! First time actually researching and compiling information for a company and not just reading about them on here. Also, please ask questions to clear up any confusion; it was kinda hard to put everything together neatly, so I might have accidentally left stuff out or oveunder explained some things.
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Playboy going public: Porn, Gambling, and Cannabis

NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html
NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html
NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866
NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx
Playboy going public: Porn, Gambling, and Cannabis
!!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/
https://www.playboytv.com/
https://www.playboyplus.com/
https://www.iplayboy.com/
Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/
https://www.microgaming.co.uk/
“This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/
As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1
They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era
Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea
“Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae
Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/
Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html
Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said. https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this: https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too: https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05
Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China. https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.” https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm
This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.” https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003
Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm
https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html
Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company
These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF
I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing
“Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though
https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf
Or here:
https://www.mcacquisition.com/investor-relations/default.aspx
Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.
submitted by jeromeBDpowell to SPACs [link] [comments]

“FuboTV DD/Analysis” [BULLISH] {FUBO}

"FubuTV DD" [BULLISH] {FUBU}
Introduction
“FuboTV ($FUBO) is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies.
Launched on January 1, 2015 as a soccer streaming service, FuboTV changed to an all-sports service in 2017 and then to a virtual multichannel video programming distributor (vMVPD) model. As a vMVPD, FuboTV still calls itself sports-first but its expanded channel lineup targets cord cutters, offering a selection of major cable channels and OTT-originated features that can be streamed through smart TVs, mobile and tablets and the web. The service is available in the United States, Canada and Spain as of 2018."
From their home page:
They are the only competitors in their space of digital sports broadcasting, offer 4K streaming and upscaling of live sports, cloud DVR capability ranging from 250 or 1000 hours on standard plans, and is available on Roku, Apple TV, Amazon Fire TV, Chromecast, Samsung Smart TVs, Xbox One, Android TV, Android Smart TVs, and Android/iOS smartphones and tablets, with plans ranging from $24.99/month to $79.99/month (not including add-ons).
They have also recently acquired one company and have made plans to acquire another to allow for in-house sports betting. They have stated in a press release that they plan to release a sportsbook before the end of the year. This will push them into a broader spectrum outside of only TV and sports streaming, and into the sports betting sector along with DraftKings ($DKNG), FanDuel ($PDYPY), and Penn National Gaming ($PENN).
Plans and Add-ons
FuboTV offers three standardized plans as of February 8, 2021: the Family plan is priced at $64.99/month (normally $75.97/month), Elite at $79.99/month (normally $100.95/month), and Latino Quarterly at $24.99/month, along with offering additional add-ons. Each plan offers a range of channels, cloud DVR capabilities (which allows fast-forwarding through commercials), and casting to multiple devices simultaneously. Only the Elite plan does not offer a 7-day free trial (Channels page).
The Family plan includes 117 channels (mostly news and entertainment with roughly 40 that offer sports, including ESPN), up to 250 hours of DVR space, and casting to 3 devices at once. The quarterly prepaid includes a free upgrade to 1000 hours of DVR space and 5 casting devices at home with 3 on the go (Channels page).
The Elite plan includes 164 channels (includes an additional “47 entertainment channels”), up to 1000 hours of DVR space, and casting to 5 devices at home with 3 on the go. This plan does not offer a quarterly prepaid (Channels page).
The Latino Quarterly plan includes 250 hours of DVR space and can be streamed on up to 3 devices at once, but only has 32 channels. This plan needs to be prepaid every 3 months for a total charge of $74.97 and does not offer a monthly service (Channels page).
Upgrades include additional DVR space--1000 hours for an additional $6.99/month for the Family and Latino Quarterly--and increased device casting--an additional 2 devices at home with 3 on the go for another $9.99/month for the Family and Latino Quarterly plans. You can also add a variety of channels and sports packages (the Latino Quarterly has fewer channel add-ons compared to the Family and Elite plans, which both have the same channel varieties). Sports Plus with NFL RedZone is an additional $10.99/month, but includes all professional and college sports broadcasting services for football, basketball, baseball, hockey, tennis, fighting, etc. (Channels page).
Fubo has recently removed its former Standard plan, which included only 65 channels, up to 2 casting devices, and only 30 hours of DVR support for $60/month.
Financials and Growth
Fubo has yet to file an annual report as they have gone public in October of 2020, but they have filed a 10-Q for Q3 2020. All numbers in thousands.
Assets-
Between December 31, 2019 and September of 2020, assets have increased from $368,225 to $799,313 (a 117% increase) . Total current assets increased from $17,973 to $58,016, but accounts receivable decreased from $8,904 to $6,975--this may be attributed to the increase in prepaid subscriptions which increased from $1,445 to $12,177 which shows strong customer satisfaction and retention.
Liabilities-
Liabilities have increased from $145,049 to $290,376 (a 100% increase). The largest contributors to their liabilities are “Due to related parties” increasing from $665 to $85,847, “Warrant liabilities” increasing from $24 to $28,085, and “Accounts payable” from $36,373 to $61,679. Long-term borrowings have decreased from $43,982 to $25,905.
Revenues-
Subscription revenues increased by $53,433, totaling $92,945 for the year. Total revenues including advertisements and licensing have increased by $61,202, totaling $112,669 for the year and an increase of 47% YOY. Q4 revenue is estimated to be between $94,000 and $98,000 which would be a *77-84% *increase YOY.
Expenses-
Subscriber related expenses total $114,315 for the year. Total expenses have totaled $500,249 for the year.
Subscribers-
Ended Q3 with 455,000 paid subscribers, a YOY increase of 58%, and plans to end 2020 with over 545,000, an increase of 72% YOY.
Competition
Its closest competitors are Hulu + Live TV (owned by Disney ($DIS)), YouTube TV (owned by Alphabet ($GOOG)), and Sling TV (owned by Dish Network ($DISH)).
Hulu + Live TV
YouTube TV
Sling TV Blue
Sling TV Orange
The vMVPD Sector
Cord-cutting has become increasingly popular over the last few years with consumers dropping traditional cable and satellite networks in favor of streaming services--such as Hulu, Netflix, Disney+, etc.--and vMVPD services.
In 2019 alone, 6.3 million people cut their cable connection, totaling 39.3 million. In a survey of what they might miss most from cable networks, 52% said they don’t miss anything, 23% missed live events on TV, 22% missed news, and 19% missed live sports. Although not all of those that miss aspects of cable will pay for another subscription service, the sentiment exists for a sports-focused platform that offers other large networks as well.
Another report by Parks Associates reveals that 17% of vMVPD subscribers switched from traditional TV within the last twelve months. In the same report, a survey conducted on current broadband households determined that 43% were “likely to switch to a… vMVPD within the next 12 months." The potential growth exists for the live digital broadcasting space, although it is slowing down.
With the spread of COVID and quarantines, people have been spending more time at home. When things open and quarantines end, that will be the true test for these providers as people will spend less time watching TV.
The Sports Betting Sector
Legal sports betting has taken a huge leap in recent years with the introduction of online sports betting; the ability to place wagers from anywhere at any time and have instant gratification has boomed with its slow legalization. This sector has a forecasted value of $150 billion with other competitors already having a completed project and vast market share. In 2019, DraftKings ($DKNG) and FanDuel (PDYPY) controlled 83% of the market share.
FuboTV plans to join into this space with its own sportsbook. Their recent acquisition of Balto Sports in December of 2020, whose business was in simulating fantasy sports games, is Fubo’s first step into sports wagering. They plan to create a free-to-play gaming system alongside online sports wagering.
Their next planned acquisition, which was announced in January of 2021, will be to acquire Vigtory, a sports betting and interactive gaming company. According to BusinessWire, they plan to utilize Vigtory’s “sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop a frictionless betting experience for fubo’s customers."
These recent acquisitions set Fubo up to create an all-in-one viewing and betting experience, which could add new customers to their subscriber list and seal them into online wagering.
It has been over two years since the Supreme Court has denied the federal ban on sports betting, which would have made online betting illegal in all of the United States. Currently, more than two dozen states have legalized sports betting, but most have only legalized in-person betting. More states may be willing to legalize to take advantage of the increased revenues and taxes associated with gambling and online wagering. As of 2020, six additional states plan to legalize some form of betting, although some are only allowing in-person. There are an additional 14 states that are considering the notion to allow legal gambling, whether in-person, online, or tribal.
Management and Investors
David Gandler - CEO / Director / Co-Founder
Appointed as CEO and director in April of 2020. Prior to Fubo, Gandler had a 15 year career in marketing and advertising in local broadcast and cable TV within both general and Hispanic markets at companies such as Time Warner, Telemundo, and Scripps Networks Interactive.
Alberto Horihuela - CMO / Co-founder
In charge of marketing, Horihuela was head of Latin America for SVOD service DramaFever.
Simone Nardi - CFO
Nardi has worked as SVP and CFO of Scripps Networks Interactive where he was responsible for the finance and strategic planning for the company’s international business. Was also a key player in refinancing TVN S.A.’s billion dollar debt.
Large Investors
Analysts and Estimates
Average analyst ratings put Fubo at a Buy to Strong Buy rating with an average price target of $45.50 with a high of $60 and a low of $30. EPS estimates are estimated to be -5.23 for 2020 and -1.64 for 2021.
Currently has a short float of about 75%, but the short volume has been holding at roughly 15-20% over the last month and has drastically declined from its October short volume of over 50%.
Originally valued at $700 million less than a year ago, a current valuation of $3.19 billion is respectable for this company and is on par for its current performance.
Risks
Final Thoughts / TL;DR
With its drastic growth over the last year (400% in the last 4 months), support from FaceBank and well-known investors, and plans to join the sports betting sector, FuboTV has potential to become a household name and grow well beyond its current valuation by combining both sports broadcasting and online sports betting into one convenient place. Although unlikely to overthrow any of the current forces, it can become the best live sports broadcaster that people can turn to when they cut cable but want to keep live sports. It has many hurdles to overcome (creating their sportsbook, better marketing, increasing subscriber count, etc.) before it is any real competition to its already established competition.
At a $3.19 billion market cap and very high (75%) short interest, it will be very difficult to realize consistent growth, but it is on par for a company with almost $100 million in revenue.
My Position
25 shares at $47.30
​
Edit: edited final thoughts/TL;DR
Please provide feedback! First time actually researching and compiling information for a company and not just reading about them on here. Also, please ask questions to clear up any confusion; it was kinda hard to put everything together neatly, so I might have accidentally left stuff out or oveunder explained some things.
submitted by JustOnTheHorizon_ to DueDiligenceArchive [link] [comments]

Porn is a new type of drug that is injected into the brain through the eyes

Entering the 21st century, we have completely entered the era of pornography. Pornography began to flood in the late 1990s. At that time, it was disc spread. Many people could find pornography at home. Later, the new millennium entered the Internet age. , Pornographic content spread more severely, became more widespread, and it is still free to browse. Later, when we entered the era of smartphones, it was easier to browse pornography than to find stones on the ground. In our country, pornographic content is illegal, while in foreign countries, certain pornographic websites are even legal, which exacerbates the proliferation of pornographic content. However, foreign countries have also realized the great harm of pornography in recent years. They call pornography the new drug. (New types of drugs). There are many rebooting websites and rebooting books abroad, and our country also needs to pay attention to this aspect.
On the surface, cocaine and pornography do not have much in common, but more and more studies have shown that chemical drugs can induce the brain to release exciting chemicals, and watching pornography has the same effect.
Just like drugs, when these exciting chemicals (such as dopamine and oxytocin) are delivered to the brain, they build a new pathway in the brain. This pathway can fundamentally induce porn users to browse pornographic information. When the brain pathways are activated by pornographic information, the brain can release chemicals at the same level as when viewing pornographic information for the first time. This process is similar to the process of drug addiction. Porn is injected into the brain through an eye. drug!
To equate pornography with drugs is the latest scientific research abroad. This understanding is correct. Thinking about the state of looking for pornography, it is really like a drug addict looking for drugs. Studies have shown that watching pornography can cause your brain to release the same pleasure chemicals as cocaine. When drug addicts take more drugs or porn viewers watch more pornography, the neural circuits in their brains will become stronger, making it easier for them to take drugs or watch porn again, whether they want it or not. content. Just as addicts will eventually need more and more drugs to get pleasure, or even just to make themselves feel normal, sex addicts will quickly develop tolerance when they get used to watching the large amounts of dopamine released by pornography. In other words, even if pornography can still make the brain release dopamine, they can't be as cool as usual.
Like drugs, the more stimulus, the more boring afterwards. You must look for heavier flavors and more excitement to achieve the pleasure of tasting the forbidden fruit before. Many people have become psychologically perverted afterwards, and their sexual orientation has also been distorted. Watching pornographic masturbation will bring a series of evil consequences, which will make people fall into a vicious circle. At first, sexual orientation was normal. Later, in order to stimulate dopamine secretion, I would look at abnormalities. As my psychology became more and more abnormal, my sexual orientation began to be distorted, and I would learn to imitate the contents of pornographic films.
It is estimated that there are 2 million heroin users in the United States, and 600 to 800,000 of these people are heavily addicted to heroin. Compared with the above data, 40 million people in the United States watch online pornography every day-this new type of drug. The reason why Internet pornography is a new type of drug is that the brain responds to drugs and sexual arousal in the same parts. Pornography is really a kind of drug. As a 100 billion-dollar neuro-drug industry, pornography is changing people’s concept of sexual behavior more rapidly through the accelerated development of the Internet. Pornographic information is pervasive on the Internet, and it inhibits people’s sexuality. The normal view of orientation leads people to a state of evil, perverted, indecent, and irresponsible beasts.
Imagine that the brain is a forest. Hikers pass by the same place day after day and gradually step out of the way. Browsing pornographic information will also generate neural circuits. As people browse pornographic content again and again, these neural circuits will be continuously strengthened in the "forest" of the brain, and these neural circuits will eventually become paths in the "forest" of the brain. "Thanks to" the Internet, current pornography mixes the most powerful dopamine that the body can release and many other elements-endless novelties, shocks and surprises-all of which will stimulate the release of dopamine in large quantities. And because Internet pornography provides endless content, users can move to new images (postures, costumes, heroines, etc.) every time their pleasure declines to keep dopamine at high levels for a few hours. Professor Jeffrey Satinover of Princeton University described the effects of pornography to the U.S. Senate committee: "It's like a heroin we invented. Users can use it secretly in their homes and inject them directly into the brain through their eyes."
The American Addiction Medicine Association used to believe that addiction is mainly a behavior. Recently, inspired by the new brain science community, the American Addiction Medicine Association redefines "addiction"-a brain disease related to the neural reward system. The powerful influence of Internet pornography on the neural reward system is clearly in line with the new definition of addiction. Dr. Hilton believes that the impact of pornographic images on the natural brain reward system is unique. Unlike the rewards brought about by food or doing other things, the rewards brought by watching pornographic images can lead to "continuous changes related to nerve synapses and plasticity." In other words, Internet pornography not only stimulates the increase of dopamine levels in the brain, and thus produces pleasure. It also literally changes the physical organization inside the brain, so that new neural pathways crave pornographic information to trigger the desired sense of reward.
Pornography is a mixed drug. It triggers two addictive chemicals in the brain by causing excitement (the "hi" feeling caused by dopamine) and creating orgasm (the "relaxing" effect of drugs). This mixing mechanism makes pornography more likely to become addictive and easier to develop tolerance. The tolerance of pornography requires not only larger doses, but also more novelty in content, such as more taboo behaviors.
Although the effects of Internet pornography are similar to the combination of chemical addictions, the effects of Internet pornography exceed those of chemical substances.
For example, the "mirror neurons" in the brain give us the ability to learn: observe a behavior and imitate it. Professor Struthers wrote that because of mirror neurons, “watching pornographic videos creates a neural experience by which the viewer indirectly participates in what he sees.” This unique interactive addiction through The dual stimulation of the brain and the body is realized. In the words of Professor Strathurs, "Pornography involves visual mechanisms (watching movies), motor mechanisms (masturbation), sensory mechanisms (genital stimulation), and the neurological effects of excitement and orgasm (caused by addictive dopamine). Excitement)".
The study of the brain confirms such a serious fact: pornography is a drug release system, which has obvious and powerful effects on the human brain and nervous system. As Dr. Deutch pointed out, "Those who watch porn are unaware of the extent to which pornography reshapes their brains." Indeed, they do not know that pornography is "creating new neural circuits in their brains."
Research on nerves has revealed that Internet pornography has a powerful effect on the brain. Its effect is as powerful as cocaine and heroin, which are addictive substances. In a statement to the U.S. Congress, psychiatrist and former Yale psychiatrist Dr. Jeffery warned the public: With the advent of the information age, the addictive stimulation of Internet pornography has become almost irresistible. We seem to have created an unprecedented substance that is 100 times more powerful than heroin. Internet pornography can be watched privately at home, it is directly "injected" into the brain through both eyes!
In 2014, a research paper published in the Journal of the American Medical Association-Psychiatry stated that frequent viewing of pornographic pictures can make the brain slow to respond to sexual stimulation. German scientists point out that this means that the brain needs more dopamine to feel the same degree of "orgasm", which leads to the search for more pornographic images. "Psychology" magazine once published a paper saying that these dopamine surges mean that people who watch pornographic pictures need more tasteful sexual perceptions and experiences to arouse sexual desire. German scientists believe that viewing pornographic pictures may cause brain shrinkage, and the more you look at them, the more severe the brain striatum area associated with rewards and stimulation. This is the first time scientists have discovered that viewing pornographic pictures is directly related to physical injury. In addition, scientists also found that the more time spent watching pornographic pictures, the more different the brain, the more you watch, the deeper the addiction. In 2013, researchers at the University of Cambridge found that when people addicted to pornographic pictures watch pornographic pictures or videos, the "drug addiction" area of ​​the brain glows in a brain scan. When young people who are addicted to Internet pornography browse pornographic pictures, their brains will "glisten like a Christmas tree with colorful lights." In the brains of people addicted to pornographic images, these areas responsible for processing rewards, stimulation, and pleasure are exactly the same as the highly stimulated areas in the brains of drug addicts and alcohol addicts.
Research shows that among all forms of online entertainment (such as gambling, games, surfing the Internet, social networks), pornography has the strongest tendency to become addictive. When pornographic images enter the brain, it will induce the reward center to start stimulating dopamine, which triggers a flood of chemical components, including a protein called DeltaFosB. Usually the role of DeltaFosB is to create new neural pathways to connect with what you are doing (viewing pornography) and pleasure. With the repeated overload of dopamine, viewers become numb to those scenes, and they often find that they cannot feel normal when there is no high release of dopamine. Some people say that they feel nervous or negative until they regain pornography. As they sink deeper and deeper into this abyss of vices, they will become more and more flavorful. Many people who try their best to get rid of this bad habit say that they find it hard to stop.
Like any substance with addictive potential, pornography induces the release of dopamine into the "reward center" part of the brain (also known as the reward channel or system). The reason why pornography is a behavior that aggravates the degree of psychological distortion is because as some pornographic viewers' tolerance increases, the scenes that have excited them become boring. It can be expected that they will often spend longer watching pornography, seeking more heavy-tasting themes, and trying to regain their previous excitement, as a compensation for the boredom caused by old themes. Many watching People find that sharp themes such as violence are permeating their sexual fantasies and habits.
The content of pornography and the way people interact with it have undergone dramatic changes in the past few decades. Internet pornography has the following six characteristics.
(1) Free of charge. People who watch pornography can browse pornography for free on the Internet. In the past, they had to go out to buy discs and books.
(2) Easy to obtain. People can easily access pornographic content through the Internet. Nowadays, most of them have mobile phones, and the Internet is more convenient.
(3) Freshness. In the past, pornographic resources were relatively single, and it was easy to get bored. Internet pornography has many options and can provide continuous freshness.
(4) Large amount of resources. There are huge amounts of pornographic resources on the Internet, and there are dozens of gigabytes or even hundreds of gigabytes in the hard disks of many prostitutes.
(5) Diversified locations. In the past, you could only watch it at home, but now you have a mobile phone and you can watch it everywhere, which increases the possibility of watching pornography.
(6) Easy to carry. Drop it into your mobile phone, mobile hard drive or laptop, and you can take it with you.
submitted by shanto2001 to NoFap [link] [comments]

$GME Governance Board - Why are they Silent?

There are some heavy hitters on GME's Board and in the C-Suite. IMHO, the company should have spoken out about what's happening regarding their stock. They should also have a plan to address changes in the marketplace re Covid19, the push for digital and cryptocurrency, etc. Positive statements from them would improve the stability of the stock.
Why have they been silent throughout this entire event? Wouldn't they speak out against the disparaging remarks from various HF reps in recent weeks which have negatively impacted the value of the stock? Or, do they agree with the HFs that the stock is worthless, which would suggest that GME is behind a pump and dump which has enriched them and left us holding the bag? This is the kind of letter we need to send, en mass, to the Chairman of the Board: Kathy Vrabeck, and to the media.

GME Governance

Management

Board of Directors

submitted by Timelord1000 to GME [link] [comments]

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submitted by 1dollaatatime to signupsforpay [link] [comments]

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submitted by 1dollaatatime to signupsforpay [link] [comments]

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submitted by 1dollaatatime to signupsforpay [link] [comments]

Why modern society is still strongly neofeudal.

The media is one of the Five Eyes (Orwell's Nineteen Eighty Four) of the state, or should we say the predatory capitalist elite and their corporate legal entities veiling their legal persons; and feudalism is alive and well expressed in more colour than ever - advertising and marketing, consolidation of power (purchasing of smaller corporations, producing monstrous shady entities like Tencent), incredibly hawkish startups like Fiverr, UbeLyft, Cameo where the company in question barely even does anything; the right wing "think tanks" that sing the hymn of freemarket fundamentalism, the Nobel Peace Prize that Obama absurdly won (Nobel Prize - mentioned in that Living Color song), the odd yet uncontested way that some TV shows put in more right wing guests than left (BBCQT inviting establishment stooges like Kate Andrews (IEA / Adam Smith Institute) and Isabel Oakeshott), the open neofeudal style by which bosses can fire staff and make up a reason without it necessarily being taken to court (the UK govt played with removing funding for wrongful dismissal cases), the initial turning down of the proposed uk law to make homes fit for human habitation (now finally here for 2020); the general trend of corporations shoving all the risk on the consumer and leaning as much as possible on socialized support thanks to the calculating thinkers working for corporations; the fact that truly left-leaning (not liberal) narrative is never referenced on space-age TV, the likes of which span hundreds of potential channels continuously each day; the fact that we are over 50 years into space-age technology and yet everything beyond computer hardware is firmly chokeheld by private interests seeking to impose an alien power over others for personal gain; the fact that everyone is affected by the way that the popular crowd is drawn to celebrity influence (neofeudalism by any other name, and the cult of personality); the fact that jobs are gated by even subtle presumptive aspects like your accent in what we call in the UK the "glass ceiling"; the irresponsible flooding and underinvesting of the job market by governments that can only see as far as their kickback pay packet; the extent to which music and video game media can be financially elevated without legal restraint (unlike gambling which is at least in the formal/technical sense regulated); the attitudes from product pushers being that they should be immune to criticism or shake it off at every turn, under the river of praise from MBTI Sensing-Perceiving types (artwork and memes and mythos mind a la suspense of disbelief rather than logos thought a la conscious self-awareness and critical evaluation) and by "online reputation management"; the open overt acceptance of power being held over everyone by corporate overlords in the movie industry, video game industry and so on - are we to include then the academic and scientific establishments, and the education institution?; the way that the rich siphoning up wealth from the poor divested communities in greater and greater speed ("money is a means to get wealth - not the wealth itself" —Akala) inherently and invariably means they are accruing more power to embarrass the poor when they encounter them and encumber them systemically and indirectly and take on more sex acts with greater choice by selection (the free market); the fact that the powerful go psychologically and sociologically unchallenged by the common people each day; the fact that figures like this "Jeff Bezos makes 2219 dollars in one second which is double what the average person makes in one week. In one minute Mr. Bezos makes 2219x60=133140 dollars. In one hour Mr. Bezos makes 133140x60=7998400 dollars)." go unconsidered and unchecked and unresearched by most; the fact that there are no interactive programming tools to trace, map and prove the linkage between wealth disparity and all social ills; the lack of people like Jaque Fresco in our world (If memory serves right he had a sit down with the power elite, who would have promptly denied him anything truly leftist in vision); the implicit neofeudal psychological programming that IS advertising; the borrowing and corrupting of natural world semantic meanings for selfish neofeudal aims and means; the direct pipeline from education to military and the mandatory military service which still exists in some countries; the fact that returning a product inherently throws the customer (slave) into suspicion by the seller (master - legal power holder); the very idea of a court system ran by the state and not a jury of 3rd party independent people; the lack of a "fairness and welfare supervisor" in every workplace and the presence of "compliance officer"s; the very "free market" in free market fundamentalism which inevitably and invariably defers to which/whoever market force has the most power (today - money - working capital); the fact that being poor and working in a low pay job literally makes you poorer as you work (in real terms); the predatory and inexcusable nature of gambling; the predatory and inexcusable principle of landlords making money off other poorer humans (it should be the state which intervenes if the state is truly a good state, which we can surmise every government is implicitly claiming of itself by holding power); the lack of naming and shaming of social ills like the Nestle CEO who said water access shouldn't be a human right (God I fucking hate Snopes); the trends of people trying to make money off other people via various scams and the likes of BlackHatWorld and WarriorForum, which are innately neofeudalistic in their function, pointing to a giant pyramid scheme that drags along with the rest of modern capitalism; the innate respect given to media moguls and politicians when they are nothing special; the disrespect and disrepute given to the left wing health services of every nation; the blind acceptance of imposing imagery, themes and connotations left dirtying our minds which we call advertisements; the implicit fraud in denying people growing their own food indoors; that concepts like treason do not for most people extend to The People as an interest group; the incredibly rare use of the justification "For the public interest" and "For the public record"; the fact that the French Revolution is not associated for us in school as the birth of the first human rights (surely a non-feudal society would have no qualms or problems with teaching this truth of human history and progress); being frank about racism being too hot for school; the fact kids are now accessing hardcore pornography but not radical and sometimes dangerous ideologies and thinking; the intellectual and spiritual poverty of our age, and the lack of conscious awareness of what we are doing to ourselves with our time and the mental contents surrounding us (a wise man once said.. you will become what you surround yourself with); the mess of the Internet operated by the modern robber-barons of advertising and web traffic conversion and "upselling"; the open betrayal of the people by governments which can be exposed even in form of statistics and hard truths and evidences; the great silence of modern "intellectuals" and losers like self-help gurus (THE MODERN COURT JESTERS), who couldn't begin to address choice quotes of the great intellectual giants of human history; the platforming of celebrities and people with certain types of contours over their face that are pleasing to look at from every angle, over those humans who are better in substance, expertise, spirituality, etc.; the preservation of neofeudal lord roles in the workplace (the boss), the home (the landlord), the Internet (the website owner or advertisers), the land, parks and golf courses (the land holder or owner), and even the family (the wealth-holder parent(s) you are dependent upon); the appeal to authority; the way a poor person under free market fundamentalism must always choose the product most poorly produced i.e. the most likely to break or malfunction and cause them to lose more money, generally kept within reasonable losses or sunk costs as per investment brokers' "portfolios"; the way that moral and ethical wrong cannot by most people be pinned on day traders, Goldman Sachs starving poor people etc. by the inherent flow of the market, which will always favor the most production of immaterial and material wealth by abstraction. (In other words - although we can't fully know and intuit what will be best to produce in any given scenario, we can actually fundamentally and systemically rule out what will be bad and harmful for society - but not for the market which is the concern of free market fundamentalists); the rise of unpaid internships (strongly neofeudal i.e. the local "lord", the company owner, is "giving you an opportunity" and that's how they see it); the propaganda of war producing poor peoples' children dying for the rich few who control the military-industrial complex and massive amounts of money flowing around for rich interests, e.g. soldiers firing missiles that individually cost more than they earn per year, of course ultimately tied up as a capitalistic move/plot/bid to win more cheap oil; the way that companies are literally designed to offer minimal guarantees, insurances or protections for their workers yet they are keen to take with them each working day most of the material gain produced by each worker (remember I said corporations lean on society?); the protection of "limited liability" companies to lose money, versus the individual people who are enslaved by means of debt they cannot easily erase (this bleeds into a general distrust of the independent person compared to the corporate entity, when the people actually are in earnest and wanting to help one another, except for the psychopathic in society who can be known and traced by their behaviour and early signs in school); the fact that healthcare is not free in all countries despite the common people CONSTANTLY working to uphold the corporate masters and the endlessly rich, some of whom donate money to Internet streamers for a laugh at the shock; the mathematical intuitive rational incompetence of the science establishment, which seems to have no backbone when it comes to neofeudalism and major social issues and ills (they don't even speak up against gambling! WHAT THE FUCK IS THE SCIENTIFIC ESTABLISHMENT DOING AND WHY DO WE NOT PUBLICALLY SHAME THEM AS FRAUDULENT PUBLIC INTELLECTUALS - FOR THE PUBLIC INTEREST AND THE PUBLIC GOOD?) and rather, they seem to be the lapdogs of the elite, continuing to produce inventions which can easily be taken advantage of by the right wing interests - tear gas and rubber bullets for example; the lack of public awareness of state interference in a negative way; the arrival of private police forces; the hierarchy of control of the Internet based on what they call "authority sites" - prioritized by search engines.
(I apologize for the formatting but this was a train of thought.)
submitted by trueseeker2 to DebateCommunism [link] [comments]

Nazi's, Utah's $200B Mormonism, the USA's Bush family of US Presidents and Governors Links 32 US States Secretly Allowing Shill Corporations To Provide the Illusion of State Supervision For Thousands of "Certain" Attorneys.

***TL;DR***"A lie told long enough becomes the truth." -Joseph Goebbels, Nazi Minister of Propaganda. Links connecting Nazis, Utah's Mormonism and all Bush family US President's and Governors. (1) (2) (3) This all leads to one of the greatest ongoing deceptions in US History. Decades of financial genocide among tens of thousands of vulnerable Americans has been the result. It should be obvious "who" is controlling this money, now one of the worlds largest secret fortunes.
Although this deception is centered in Utah, where it was discovered, the list of 32 other US States this is happening in can be found in this wikipedia listing. Scroll down about halfway to "Mandatory, integrated or unified bar associations" and you'll see the list of other states in that paragraph.
***Summary***"
In Utah, there are about 6,500 State licensed attorneys. They are secretly allowed to target Utahans in more than a dozen ways and collect a fortune from every one. This is true because complaints about Utah attorneys are secretly handled by a deceptive private corporation that is also secretly funded by the attorneys. It is an incredulous, closed-loop-cycle of insidious deception that has been secretly perpetuated by Utah attorneys, attorneys who become judges, Utah law schools, professors and Utah politicians for decades.
In Utah this deceptive, shill organization's name is still allowed to be "The Utah State Bar" giving people the idea that The Utah State Bar's day-to-day operations are funded by the State of Utah when it is not.
This also means that there is also no "State Funded" office for victims of these attorneys to call to for help.
As the years go by, thousands upon thousands of victims of these attorneys have no idea that they are being patronized, groomed and manipulated by a murderous, self-serving, narcissistic, sociopath, imposter person posing as a Utah attorney. Because of the devastation this brings to thousands of victims each year, it is a modern day financial genocide where even a victim's suicide means another fortune for the Utah "attorney". (It's horrifying to consider that this allowed deception may be the unconscionable reason Utah is also home to the worst rates of suicide in the Nation).
Even though there are thousands of victims every year, Utah's politicians, Utah's courts, Utah's locally represented Federal offices of the FBI, the FTC, the US Attorney and Utah's greater law community also continue to look the other way. It is a cultural epidemic.
Get in the game. Spread the word any way you can. Don't let Utah's Frankenstein legal illusions and monsters target you or a loved one any more.
For a more detailed look into all this and the list of secret ways these deranged people are targeting their victims, read on.
***Decades of Law Fraud In 32 US States Finally Exposed"***
About five years ago, I learned that Utah, as a whole, is secretly home to the worst rates in the Nation for suicide, child abuse, financial fraud and bankruptcy (1) (2). About four years ago I learned that the State's politicians refuse to allow audit's of billions upon billions of taxpayer dollars spent (or hidden away) in incredulous ways. About three years ago I learned that Utah's politicians, judges, attorneys and law schools are desperately hiding decades of insidious law fraud (and the fortunes it generates for them). As a whole, Utah's citizens are strong, brave, trusting, giving, talented and creative people. However, the collective imagination of millions Utahans also makes them vulnerable to exploitation, corruption and fraud by morally bankrupt people (and those they control). Perhaps parts of this sometimes selective, culturally rewarding but sometimes self-destructive collective imagination is why so much has been hidden here for so long?
After three and a half unpredictable years of watching and listening, in no uncertain way and with proof of everything, I can publicly share with you now that this insidious Utah law fraud began decades ago when lawmakers, who were also attorneys, for their own purposes, secretly allowed a private corporation to have a very deceptive name in providing the illusion of "State Supervision" by the "State of Utah" for Utah attorneys. Simultaneously, a second-hand consequence of this shameful deception is that there is NO official "State of Utah" department for victims of Utah's self-serving attorneys to call to for help. Today, Utah's 6,500 attorneys secretly know all of this and they are able to target innocent Utahans from all walks of life and collect one fortune after another in the process.
This is all secretly, shamefully accomplished under that decades old deception, publicly perpetuated into your home, your life and your profession, by greedy cowards under the unconscionably false banner allowed to be known as "The Utah State Bar."
It is critical to note that not only is "The Utah State Bar" a private corporation secretly allowed to pose as a "State Office," it is also funded by the same 6,500 Utah attorneys it provides the illusion of supervision for. This includes it's pay roll. In case you don't see the conflict of interest here this is the epitome of the phrase "the inmates are running the asylum". This is also why victim's complaints about Utah's 6,500 attorneys to "The Utah State Bar" are purposely dead-ended in an unpredictable nightmare for the victim.
First, the victim who dares file a complaint against a "Utah attorney" will be ignored for several months. Eventually they will be notified that complaint was "unofficial". That means the Utah attorney was simply notified of the existence of a complaint. To make the complaint "official", the victim is told they need to get the complaint notarized then refile the complaint with a different person at "The Utah State Bar". If a victim dares do that, several more months will pass before the victim is told that the attorney was notified of the "content" of the complaint (making the complaint "official" as they term it) but that if the victim wants to pursue the complaint beyond that the victim needs to find another Utah attorney to sue the original Utah attorney in another deceptive Utah courtroom. A victim who dares to do that would also be risking another unpredictable pending "legal" matter at the hands of yet another "self-supervised" attorney and that would also take several years and cost tens of thousands of dollars (all while their original legal matter was allowed to worsen in unconscionable ways). However, if that victim dares to risk all this and years later is able to fund the case going all the way to "The Utah Supreme Court" the victim should know that the Justices of "The Utah Supreme Court" have demonstrated that they too will secretly look the other way and allow the attorney to keep pursuing victims and pocketing one fortune after another in the process. It gets worse.
The following is a list of ways Utah's attorneys, judges and the rest of Utah's deceptive legal system are targeting thousands of Utah victims from all walks of life every year:
  1. Because of an attorney's unique position and relationship to a "client" in Utah, the attorney can secretly groom the client in many ways to make simple cases go on for years and years at unconscionable costs. These are cases that should have been settled in a simple mediation session on Day 1. The attorneys do this with several insidious goals in mind.
  2. When the person is a homeowner or a landowner, it's not uncommon to see attorney fees reach hundreds of thousands of dollars with no end in sight for years and no progress in the case. This is because the attorneys secretly know they can put a lien on the person's home or land, force the sale of it and collect on the falsely inflated amount.
  3. If a "client" dies (or commits suicide) the attorneys can collect on an additional false fortune. They can do this by adding tens of thousands of dollars (or more) to the dead persons bill. The the person's surviving children and family can't do anything about it.
  4. If you are aware of a case that involves a homeowner or a landowner and it's gone on for years, it's highly likely the attorneys are colluding with each other to drag the case on until the person dies (or commits suicide). In Utah, you don't have to look far to find a simple case that has been dragged on for 5-10 years or longer by the attorneys for this insidious purpose. In fact, you don't have to look far to find a Utah attorney who seems to groom "clients" to commit suicide.
  5. In addition to the deception perpetuated under the lies of "The Utah State Bar", the justices of "The Utah Supreme Court" have demonstrated that they too are aware of these secret tactics and that they will continue to support Utah attorneys in engaging in them. (Yes I, Mike D. Jarman, a Utahan, am openly accusing "The Utah Supreme Court" of these critical deceptions.)
  6. In artificially extending cases to collect unconscionable fortunes, Utah attorneys regularly collude with crooked judges, mediators, custody evaluators, the "Division of Child and Family Services", the "Office of Recovery Services", the "Utah Department of Human Services" and other services that appear to be "neutral". This is because it's simply a pay-to-play scheme. Whoever is willing to pay (or use a credit card, month-after-month, year-after-year) gets the result no matter how irrational or dangerous it seems.
  7. Because Utah judges were once attorneys too and they had the same thing done for them they play along. This includes purposely giving irrational rulings in cases (and waiting months or years to do so) so that the case can be dragged on for years more with the appearance of appeals. Grooming by the attorney's plays a critical role in this too. Remember, the entire deceptive system exists to see to it that above all the attorneys can get paid for as long as possible or until the person dies or commits suicide. When you understand this, you will find answers to all the questions you may have about why a case has gone on for so long, so irrationally, so dangerously, so blatantly, so unconsionably.
  8. Utah attorneys can pose as collection agents. They can solicit businesses or people in doing this. This means anyone the attorney can get the business or person to claim owes them money the attorney can then employ the deceptive system to harass the innocent person while adding thousands in fees to the original false amount (no matter how small the original false amount may have been or even if the persons credit card company already made a decision against the business and in favor of the innocent person and refunded the person). Because these deceptive "collection attorneys" generate so many false cases for Utah's deceptive courts and those cases generate revenue in expensive courthouse fees the court often awards collection attorneys whatever they demand, without a hearing or trial for the innocent person. Tragically, this deception allows attorneys to further molest a persons life because the false collection filing by the attorney hi-jacks the person's credit report for years and prevents the person from getting a job, buying a work vehicle or buying a home. The attorney's know this and because of these long term effects, many victims simply end up just paying the thousands of dollars in extortion fees to the attorney. Utah attorneys engage in thousands of these "collection" cases each year.
  9. Utah attorneys can demand thousands of dollars in upfront payments disguised as "retainer fees" then never even call the person back. In fact, many attorneys will wait weeks or months then call the client back demanding thousands more for a "different course of action". Thousands of victims every year fall for it. Because this tactic is so rampant and easy for Utah attorneys to get away with, there are victims who have had more than one Utah attorney to this to them in the same year.
  10. If a rape victim calls a Utah attorney to file a "protective order" against the rapist the attorney can demand $5,000, $10,000 or whatever the fearful woman will pay to fill out the form even though she could have done it for free online in less than an hour if someone had told her. It's unbearable to wonder how many rapes, murders and other violent crimes in Utah communities could have been prevented at the hands of a Utah attorney but weren't because exploiting a victim of rape out of thousands of dollars was more important to the "attorney".
  11. Utah attorneys are allowed to be alcoholics, drug addicts, porn addicts, gambling addicts and worse without any supervision or accountability whatsoever. If an attorney needs an extra $10,000 a month to fund their addiction (or latest escapade) all they have to do is add it to random client(s) bills and the clients won't even know.
  12. Utah attorneys are allowed to use other loopholes created and hidden by a deceptive courthouse department known as "The Utah Administrative Office of the Court". One loophole allows attorneys to further groom their "clients" and collude with judges and other parties as it doesn't require "proof of delivery" for certain, critical documents. Another loophole allows the attorneys to bill their client's extra hours of "wait" time without the client knowing what is really happening. It does this by mass-booking multiple cases all at the same time even though other courtrooms sit empty. This deception allows judges to secretly control what attorneys and law firms collect on millions of dollars a year in artificially extended "wait" times as they allow the attorneys they favor to "wait" the longest while billing hundreds of dollars an hour. It's not uncommon for an attorney or law firm to bill multiple clients each hundreds of dollars an hour for the same "wait" time. Remember, judges were once attorneys too and had the same thing done for them so they play along to take care of their own for reasons we can only imagine.
  13. It's common for Utah attorneys to register a different business name to operate under every few years or to self-righteously cite "the Bar", "an oath", a "Code of Ethics" or the "direction of the Utah Supreme Court" as a way to skirt questioning them about any of this. In reality, these are just more tactics to keep up the false image that Utah attorneys are "Ambassadors of the law". In fact, Utah attorneys are Utah's worst deceivers of "the law" because they are the only ones who hide behind it while targeting innocent Utahans from all walks of life.
  14. To avoid being exposed and feigning ignorance to any and all evidence presented, many Utah attorneys will try to claim that the "Utah Supreme Court" supervises The "Utah State Bar". Regardless of what deceptive language "Utah State Bar" tries to hide behind to imply that it is "directed" by the Utah Supreme Court, in reality, no Justices of the (incompetent or corrupt) "Utah Supreme Court" supervise "The Utah State Bar's" actions from day-to-day. In fact, undeniable proof exists that the "Utah Supreme Court" is well aware of all these loopholes, knows attorneys who abuse them to unheard of levels and that it continues to look the other way. On top of this, Utah's elected politicians including Governor Gary Herbert, Lieutenant Governor and Governor Elect Spencer Cox, Utah Attorney General Sean Reyes, other elected officials, appointed officials (judges), the Utah offices of the FBI, the FTC, the US Attorney's Office, the Utah Association of Realtors, Senator Mitt Romney, Senator Mike Lee, the Utah Judicial Conduct Commission, the Utah Judiciary and even other past and present prominent leaders including one who was a Justice on "The Utah Supreme Court" for four years and others have also demonstrated in no uncertain way that these deceptions will continue to be allowed. Perhaps this is because once this is exposed the State of Utah is likely to be on the hook for untold fortunes in damages and losses to hundreds of thousands of Utah victims (and their surviving children and families over the past several decades? (It has to do with the State of Utah simultaneously creating and breaking a critical fiduciary duty to the State's citizens.)
  15. As these loopholes continue to be exposed, in addition to the integrity of all of the State of Utah's political, legal, municipal, educational and media offices being compromised by perpetuating the lie of "The Utah State Bar" the integrity of the University of Utah's SJ Quinney College of Law as well as BYU's J Rueben Clark Law School has also been compromised. For their critical actions in perpetuating this deception for so many years, it seems these "law schools" should be shuttered for a period of time until solutions (and there are many) are implemented. Perhaps five years ought to be long enough? Even worse, the integrity of "Utah Law" has been further compromised by Utah being the first state to waive the (now token) "Bar Exam" for attorneys.
  16. Because all of Utah's political, legal, municipal, educational and media offices are controlled by certain culturally-influential but clearly ecclesiastically-bankrupt members of the "Church of Jesus Christ of Latter-Day Saints" perhaps the President of the United States (whoever that is) should implement the Federal Insurrection Act of 1807 and immediately occupy Utah until solutions to this insidious corruption can be implemented free of individually shameful members of one collectively proud organization?
  17. In 1933 a peculiar component of Mormonism openly endorsed early Nazism. Perhaps what we have seen with "Utah Law Fraud" over the past several decades has more to do with that endorsement of that shameful component than we dare imagine? (1) (2) (3) (4) (5) (6) (7)
If you're wondering how all this is possible remember "A lie told long enough becomes the truth" and in Utah, millions of people have collectively been told these lies for decades.
If you are a victim of any of these deceptive hounds-of-hell, know that just by staying alive you are beating the devil at his own game. Remember, no matter how prominent they are or what their religious affiliation may seem to be, crooked politicians, leaders, attorneys and judges will do anything to provoke a reaction out of you so that they can use that to condemn you (or throw you in jail and permanently silence you). So be smart as you individually and collectively look for your own ways to raise awareness about this.
If you have an experience to share about a crooked Utah attorney, judge, mediator, custody evaluator, peculiar case or cases you can do so by creating a post at this reddit link. Use the search box at the top to search for the crooked person's name to see if a thread has already been started under their name.
If you are suffering, here are some additional resources to help the moment pass. Like other links already shared, these have also been suggested by other victims over the past 3.5 years.
*The list of 32 other jurisdictions this is happening in affecting more than 200 million innocent Americans can be found in this wikipedia listing (scroll down about halfway to "Mandatory, integrated or unified bar associations" and you'll see the list of other states in that paragraph).
***"They tried to bury us but they didn't know we were seeds."***
submitted by BringATwenty to conspiracy [link] [comments]

Spanish media: "Why is Gamestop the long-awaited triumph of "Occupy Wall Street"?"

Deleted from WSB. It has an obvious ideological bias, but in any case it's one of the most accurate and complete articles I have read to date about the whole $GME situation.
https://otrarepublica.com/2021/02/06/por-que-gamestop-es-el-triunfo-anhelado-de-occupy-wall-street/
Translated:
Feb 6, 2021. By Andrés Arellano Báez
Nassim Nicholas Taleb abandoned anonymity since the launch of his book "The Black Swan". In an interview to promote the text with Charlie Rose, the author shared that "a stockbroker on Wall Street may have no more predictive capacity than a cab driver" about his market. And he spoke about the matter from experience, as it was precisely in that mythical place where his first job would be located. For decades, the humans inhabiting that corner of Manhattan made the world believe that Taleb's ideas were ridiculous: they boasted that they were wizards capable of navigating the turbulent waters of the financial world thanks to their vast knowledge. And the story seemed credible; until a group of uneducated citizens beat them in a billion-dollar game, on their terms and conditions, and sank many of those proud boatmen.
There is always wisdom to be found in history. According to investor Dylan Ratigan, a connoisseur of the US market like few others and author of "Greedy Bastards", George W. Bush's attempts to privatize Social Security in the United States must be framed in the context of the ongoing desire, mainly by Wall Street, to convince the small investor to become a stock market player. The desire of the sharks of the financial world, always hungry to expand their business, made them see those citizens without significant monetary resources as weak prey that, once they managed to unite, would become truly juicy portions. But the bait failed to catch the victims and the public's disconnect with the world of finance remained intact. That is, until one company hit upon the root of the problem: the interface. Ratigan's words on the matter are illuminating: "A new investor would come to the market and find an interface that looked as complicated as driving a 747. The appearance of Robinhood, presenting a platform apparently developed under the slogan "investments for dummies", which also did not charge commissions to its users, attracted and convinced millions to participate.
In August 2019, Mexico's El Financiero accidentally stumbled upon a story that would grow into an unpredictably mind-blowing one. In an article focused on how the next big financial stratospheric leap would be in South Korea and some small companies, the U.S. newspaper revealed that Michael "Burry asked Gamestop, a video game retailer, and Tailored Brands, a men's clothing retailer," to buy back all of his shares. At the time, the investor turned celebrity after being played by Christian Bale in "The Big Short", owned 5.3% of the video game retailer through his hedge fund Scion Asset Management, which he acquired at a price per share of between 2 and 4.2 dollars, according to the media.
Although Barry had become a major player on Wall Street, he consecrated his title by betting on two unpredictable crashes, both in markets certified as AAA by the major rating agencies: the dot. com debacle in 2001 and the global financial crisis caused by the loss on mortgage-backed securities securitized as credit default swaps in 2007, in Gamestop's case it seems that it was not its ability to foresee the future that led to its success, but its already earned influence in the markets that was the reason for having a third winning bet. It was a self-fulfilling prophecy. As soon as the guru took a position in Gamestop, another major investor, Ryan Cohen, made a significant purchase of the stock, and then a massive number of smaller investors, many of them fans of the brand and initiated into the stock market thanks to Robinhood, followed in his footsteps. One of them deserves special mention: Keith Gill, known online as "DeepF-ingValue". A crazy and unprecedented story was beginning to unfold.
Nothing indicates that Burry foresaw the debacle. According to Business Insider, after taking a strong position in Gamestop, the financier promoted far-reaching changes in the company. His bet seems to have been to transform the company's fundamentals, price the stock and generate a large profit over the long term. He had already stated his vision of "investing heavily in undervalued and overlooked stocks", as "asset managers have orphaned lower-value stocks globally". All of the new investors, many of them brand lovers, wanted the same thing as the financial guru. Gill confessed to The Wall Street Journal that "people were doing a quick take, saying Gamestop was the next Blockbuster," referring to another chain fallen from grace. "It seemed like a lot of people just weren't digging deeper," the interviewee continued. It was a gross misclassification of opportunity." All the small investors, led by Gill, saw Gamestop as a company that would have a second life.
But along came the pandemic that would change everything, and everything would go haywire, laying the groundwork for what would be a truly unprecedented IPO. Gamestop is a corporation whose heart is located in shopping malls. It is their space par excellence. With the spread of Covid-19 closing each one of them, the future of the business was projected to be threatened. The biggest and most traditional players in the market became aware of the problems created by the new context and acted accordingly, starting a bet against the company: short operations whose element of relevance is only one: the big funds decided to invest millions of dollars waiting for the share price to fall. They would make a profit if the price of the purchased share fell over time. And the global outlook created an ideal scenario for such a financial move. From their perspective, the analysis was correct and the numbers proved to be right.
The action taken by hedge funds is known in the market as short selling. The funds borrow a share from someone and are obliged to return it to its owner on a certain date. The borrowed share is sold at the market price to a third party with whom, in turn, they are obliged to buy it back within a certain period of time. The fund that lent the share to sell it to a third party expects the price of the security to fall, so that when it purchases it again it can do so at a cheaper price, generating a profit. If he sells it at 100 and buys it back at 50, well....
The person who buys the stock to sell it later, expects the price of the stock to go up, of course, selling it at a higher price than he bought it. The problem with short trading, for the fund borrowing the stock, is that you can make a limited amount, but you can lose an infinite amount of money. If the fund sells the stock for 100 and it loses all of its value, when it buys it back from the original owner, it will pay zero for it, producing a gain of 100. But, if the stock he lent and sold at 100, at the time he has to buy it back is not worth zero or a hundred, but is valued at 50,000, then he is obliged to pay 50,000 for it, turning his transaction into a loss of 49,900.
And, when some of the big names on Wall Street began to bet short, to look for Gamestop's failure, to go against a company loved by many, the gates of hell opened. "It was like a war," one of the investors in Gamespot told El Diario.es. Bad news would come out, like the coronavirus was going to wipe out Gamestop, and people would put more money in. It was a class war. And so it was: bankers were fighting to drive the stock price down, Reedit users were willing to do anything to drive it up. "We will be able to be mentally retarded longer than the vulture funds will be able to be profitable," commented one of the warriors at Wallstreetbets, the Reedit space where the men and women who fought this battle crowded in. And in the end, they triumphed, raising the price to unpredictable numbers. That is, it could not be otherwise, until the Manhattan bankers, the center of neoliberal ideology, the main space from where an ideological battle to the death against government intervention in the economy has been waged the strongest, the king of the free market, decided to turn to Daddy State to save him from the guillotine. Here the story becomes fascinating.
Given that the people Wall Street was fighting against were not rational, did not act on market logic, did not care about losing money, they were forced into draconian measures to stop the bleeding. The fund that had lost the most money in this gamble was called Melvin Capital. Its major commercial competitor is called Citadel. The latter decided to take advantage of the situation and acquire the former. Once this purchase was made, Citadel, whose CEO is Kenneth Griffin, the highest paid executive in the world (1.7 billion USD per year), took possession of all these bets. Why would a financial company carry out an operation that would put it in a business with the proven capacity to bleed its finances to death? The only logical reason, the only possible answer, the only plausible explanation is that Citadel knew how to suture the wound causing the bleeding.
Speaking fess are the fees paid by companies to certain professionals of notorious trajectory in the United States to dictate speeches for their employees, seeking to enrich and enlighten their workers, irradiating them with the wisdom contained in notable names. Janet Yellen, current Secretary of the Treasury in the United States, is an academic with an unbeatable track record. She has received almost every award in her career, and each of them has been awarded with justice. The Nobel Prize that has eluded her will surely come her way soon. But unless she has discovered how to solve all the ills of humanity through economics and has organized a talk to explain her findings, there is no justification whatsoever for the $800,000 received last December from Citadel for a few words. On the other hand, such a staggering amount is understandable when, as Dylan Ratigan explains, it echoes the theory that speaking fess are awarded not for speaking, for the speech, but for granting direct access to the person hired. By December of last year, it was certain that Yellen would be the next Treasury Secretary under the Biden administration.
Although it is nothing more than speculation, rather the worst kept secret, it serves to clarify why Robinhood, the platform that had convinced millions of citizens to invest their money in the market, that had made life easier for those who wanted to buy stocks and the tool used by small investors against Wall Street, in an unprecedented decision allowed its users to close positions in Gamestop, but prohibited the purchase of the stock. It did not freeze the transaction of the stock traded as GME, it only prohibited its acquisition. If a stock can only be liquidated, it will see its price decrease, something that only benefited Citadel, a company that had acquired Melvin Capital, which had paid $800,000 to Yellen for speeches and who, this is the most relevant of all, the clue that deciphers the crime: it is the best client of the Robinhood platform.
Robinhood is unable to buy or sell shares directly. Legally this is the case. Hence its need to work with "market makers", companies that the legal framework does give them that power. Their best-established partnership for this operation is with Citadel. A "market maker" is a type of organization that, because of its particularities, requires a lot of information about how trends move. A "market maker" needs to anticipate events in order to perform its function. A short sale requires anticipating whether a stock is going to go down or up in price, for example. When Robinhood asks Citadel to buy or sell millions of shares for its investors, it is giving them the information they need. And in order for Robinhood to use Citadel's services and not another "market maker," Citadel pays a small commission for each transaction. That's why this platform, which does not charge its users a commission for buying and selling stocks, is a billionaire. That commission is its business. "When they don't charge you for a service, it's because you are the product," says the wise popular adage.
Any technical explanation given by Vladimir Tenev, CEO of Robinhood, justifying his reasons for having stopped the purchase of a share is simply ridiculous in light of the analysis made by Ratigan: "From a legal point of view," explained the businessman, "the only organization that has the authority to stop the purchase and sale of a share, let alone the ridiculousness of stopping one part of the transaction and not the other, is the New York Stock Exchange". He complements, "the only valid reason to stop the purchase and sale of a stock is for the leakage of relevant information that impacts the market or knowledge of imminent fraud". The examples cited in his peroration - Enron and Worldcom - are telling enough to show this was not the case. "A company has no authority to stop a stock from trading," Ratigan says, "much less prevent it from being bought while prohibiting it from being sold. That act is clear market manipulation." And therein lies written, in that sentence, the epitaph of Wall Street.
From now on, in any debate where one of the parties dares to cite the benefits of the free market and the superiority of such a system, they risk being ridiculed by their opponent with just one word: "Gamestop". Time will tell whether or not Yellen acted in favor of her clients; but intervention in the sacrosanct market did occur. They have even gone further. Witnessing NASDAQ CEO Adena Friedman on live television, without blushing, calling for the installation of regulations in the market is to witness the true essence of an ideology that was nothing more than a scam coming to light. The US financial sector as a whole, never spared resources and financed for decades all kinds of propaganda about the damage caused by regulations, how inefficient they are, how contrary to the wisdom of the market their very existence was. Today they are begging for their declared enemy to not only exist, but to act, to be present and intervene to protect them on their own playing field.
And the fear is justified. Reedit investors did not topple Wall Street. But the Wall Street representative against whom they fought to the death, that one they did defeat. He went bankrupt. For the first time in its history, the mecca of the financial world found a real opponent. Competition in the U.S. stock market sector was always between equals and the losses of one were the gains of another of his own. Never again. "Occupy Wall Street", the battle slogan of the 2008 victims camping out in Zuccoti Park, in front of the majestic offices of the big players in the stock market sector, reached a whole new level when they knocked down the walls protecting their empire, unleashing the entry of outsiders to occupy their business. When the war for GME began, Wallstreetbets had 3 million forum followers. Today there are 8 million. More citizens, more money, more power. The stakes are on the table and now anything can happen.
submitted by t4t0626 to Wallstreetbetsnew [link] [comments]

Advantages of Poker IDN

The term poker IDN is using to refer to a relatively recent development within the field of online gambling, one that has been adopted from and inspired by its predecessor, the ancient card-based system of gluing player names to poker hands. The earliest form of poker IDN was developed by Yomi Sang Tanahara in the year 2021. Tanahara is a prominent figure in the world of Indonesian poker, having played the sport for decades and winning a record seven World Series Poker Championship matches. He then decided that he would like to introduce an IDN system, which would allow his players to be able to compete against players across the poker globe without having to use their real name, something that would allow him to retain his status as a top poker player. He went on to develop the poker online system now known as poker face IDN.
Poker online IDN play can be traced back to one of the most seminal events of the last decade, the eruption of the Kisite volcano. After months of tension, with residents living in what used to be the town of Halong bay fearing the worst, the world's largest volcano erupted on July 27th, 2021. Thousands of residents had to flee their homes, and the death toll was high on both sides of the conflict zone. The ensuing civil war saw the deployment of thousands of soldiers onto the beaches around Halong Bay, which Tanahara found appealing. In the process, he also managed to create the first ever poker online IDN play.
Today, poker online IDN play continues to grow, with more and smaller companies getting involved in the business. Some poker sites have even taken the initiative to become licensed operators themselves, providing their own IDN service and making it possible for players from countries as far away as Thailand to take part in Bika matches. Melakan, a company from Malaysia that is one of the leading poker software providers, has made this possible with the launch of its Bika poker app for iPhone and iPod Touch. The app provides Bika players the option of playing Bika poker online, across all servers, from anywhere in the world.
In addition to the potential for expansion and international recognition, poker online IDN also offers a number of benefits. One is the possibility of registering in any one of hundreds of countries across the world where Bika is the legal gambling currency. Players in countries such as the United States and United Kingdom, where beberapa layanan is a legal currency, can benefit from poker online IDN play by registering in one of these countries. For example, if a player were to reside in the United Kingdom but play Bika in Thailand, the chances of having his winnings reduced (or not being paid at all) would be less. The same would be true if he lived in the United States but played Bika in Malaysia. With the registration process being global, this presents an opportunity not only for players in foreign countries but for players from the United States and other countries where beberapa layana is the legal currency.
A second advantage to playing poker online IDN is the ability to play for money. Players can transfer funds from one account to another and can also play with chips that have been added or removed from the bankroll. This is important for players who reside in different countries, in which case it is possible that their banks in each country might not allow them to withdraw funds from their accounts in their home country.
The last advantage to be considered is the presence of a large and steady supply of players for the short term. The short term players are generally stronger and more experienced than the long term players. This means that at any given moment, there is a likely player on the team of the IDN operator somewhere in the world. Players can make play of games without leaving the comfort of their homes. They can easily log on to a different IDN casino to try another day of play without worrying about the possibility of being unsuccessful.
submitted by meyena to AdvaPokerIDN [link] [comments]

what online gambling is legal in the united states video

Online Gambling Goes 'Viral': APCW Perspectives for 20 March, 2020 How To Setup A Video Game Gambling Website Is Online Gambling Legal in The United States - YouTube Exclusive interview with A.G. Burnett: The state of Online Gambling in Nevada Illegal online gambling under the spotlight DOJ: All internet gambling is now illegal - YouTube The NFL's New Love of the Gambling Industry

Gambling is legal in some form or in some areas in 48 of the 50 states. The only two states that completely ban it are Utah and Hawaii. In Nevada, which is famous as a haven for gambling, it is ... Online gambling is not legal in all states in the United States. In many states, there is some form of ban on online gambling. In two states, Iowa and Hawaii, online gambling is strictly prohibited. In April 2013, the first legal online gambling site in the United States went live in Nevada. It was an online poker room called Ultimate Poker. By November, online poker and online casinos went live in Delaware and New Jersey. In 2017, Pennsylvania became the fourth and largest state to pass legislation regulating online gambling. Legal Online Gambling In Missouri - Denizens of Missouri can also be considered as part of the legal online gambling states, as there has been no laws concocted that limit the games in the state. Legal Online Gambling In Montana - Montana, home of a very lenient eye on gambling, has kept online gambling a legal endeavor. Is Online Gambling Legal In The US? Yes. No. Maybe so? Honestly, there is not a simple yes or no answer. Some states have already legalized state-regulated USA online gambling and are in the process of engineering their Internet gambling structure and regulatory processes. Some states have not been brave enough to go there yet. In Oregon, sports betting, horse racing betting, and the state lottery are all legal OR online gambling. Online casinos, however, are not in this category and are still illegal. Scoreboard is the sports betting platform for Oregon residents and is backed by the Oregon Lottery. First and foremost: online gambling is legal in the USA. Gambling laws are constantly changing on a state-by-state basis, but here is what you need to remember: while running your own casino , sportsbook , or poker room inside the United States is not legal, individual U.S. residents will not be prosecuted for making online bets . The United States Court of Appeals for the Fifth Circuit ruled that the federal wire act is correctly interpreted as prohibiting the transmission of information used in betting across state lines but also affirmed that an earlier ruling by a lower court that did not prohibit internet gambling for ‘games of chance’. The major law pertaining to online gambling in the United States is the UIGEA, the Unlawful Internet Gambling Enforcement Act. The UIGEA "prohibits gambling businesses from knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law." In a nutshell gambling at an online casino is allowed in New Jersey, Delaware and Pennsylvania. However, when looking to play Online Poker, players need to travel to New Jersey, Nevada, Delaware and Pennsylvania. However, online sports betting is available in several states with the numbers growing on a daily basis.

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Online Gambling Goes 'Viral': APCW Perspectives for 20 March, 2020

🔴 LEGAL NOTICE: Videos from the APCW discuss gambling news. They are intended to be viewed by adults age 18 and older, or age 21 and older where required by law. We also have an update on the lawsuit against the Department of Justice over online gambling. ... opinion on the reach of the United States’ 1961 Wire Act and ... legal point within the 1961 act ... Online Gambling came under the spotlight at the recently held National Gambling Conference. This as revenue generated by the legal gambling industry is increasingly being eroded by online and ... How to Start an Online Gambling Business? - Run a Small Sports Book - Duration: 2:09. ... United States Restricted Mode: Off History Help About ... Nevada online poker, US legal gambling update: ... 2:22. Online Gambling in the USA: State vs Federal Regulations - Duration: 5:31. This Week in Gambling ... United States Restricted Mode ... www.BettingOnlineSite.info, Is Online Gambling Legal in the United States, Top 30 Casinos Online, What is a Sports Book, American Football Vegas Betting Line... Bragg Gaming CEO Dominic Mansour on the potential impact of a Department of Justice opinion that all internet gambling is now illegal and the growth of sport...

what online gambling is legal in the united states

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