Formerly @casinocityvin. Now Early Investing VP. Also iGaming consultant. Tweets ≠ investment advice. Retweets ≠ endorsements. Imported from Detroit. #GoGreen
Milky Way
Joined June 2009
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vinistic 🛡 retweeted
I don’t care if you love the Post or hate it, love Bezos or hate him. The carnage today is horrible for the people who lost their jobs , a devastating blow to a legendary organization and for journalism writ large. Anyone taking a scintilla of pleasure in it is just sick.
vinistic 🛡 retweeted
Still baffled: why would a disinterested, disengaged, distracted @washingtonpost owner hire a seemingly disinterested, disengaged, distracted CEO, suffer perpetual criticism and $ loss? Lots of rich people would buy it, and even more execs would gladly run it. Show me a single entity anywhere at anytime doing anything that worked without strong, engaged leadership. Kinda matters. I bet @dongrahamdc1 or Kara Swisher would pull together a group to take it over. Bloomberg could easily swoop it up himself. Just sell it.
vinistic 🛡 retweeted
As someone who watched Time-Inc management get rich, layoff tons of incredibly talented editorial people, before the eventual end:
The executives who destroy the product always get away clean and always get away rich.
You see this repeating itself now in real-time.
vinistic 🛡 retweeted
Every person in sports at The Washington Post would be wise to look elsewhere right now.
That's just reality.
Now here's the other reality:
You still have to do your job at the highest level, your editors have to do their jobs at the highest level, and you as a writer/copy person/designer etc...want to work hard for them. And most importantly: You want to do your best work for readers.
Just terrible conditions as far as one's mental health — and I'm sure everyone will still produce great copy.
But that's what's happening.
vinistic 🛡 retweeted
My full take on the Darian Mensah situation now that it is resolved in ten honest bullet points.
1. We are entering a new system. Getting rid of kinks will take time.
2. If we had collective bargaining, these things wouldn't happen this way.
3. The lack of collective bargaining is mainly, but not exclusively, the #NCAA's fault.
4. A full litigation here could have gone either way.
5. Litigation is slow and would have been bad for all parties.
6. As such, settlement was the best solution.
7. That doesn't mean settlement was perfect; just that it was better than any of the alternatives.
8. If you know economics, Coase's Theorem played out. The resource (Mensah) landed in the place where most valued. That's proper free-market capitalism.
9. If you know law, you ask yourself why the parties didn't negotiate a liquidated damages clause. Perhaps they should have.
10. Let's hope this young man goes pro because, if not, all else equal, I would take the Duke degree over the Miami one. But, either way, that is the college athlete's choice, and not mine to make.
vinistic 🛡 retweeted
Fanatics making Super Bowl ad debut highlighting sports betting platform sportsbusinessjournal.com/Ar…
vinistic 🛡 retweeted
There is nothing about The Washington Post that surprises me. I think Bezos and Will Lewis telegraphed it.
But it is such a terrible thing in an age where information slop grows daily. That you would not try to find away to monetize sports, one of the few things that brings us together and offers plenty of ways to creatively monetize the product, is both unconscionable and terrible business.
vinistic 🛡 retweeted
The family dinner that was $100 5 years ago is now $150.
Auto insurance that was $200 is now $350
Home insurance that was $300 is now $450
How does the Fed fix those?
It can't.
Wages will keep going up, but still not fast enough to mitigate price hikes.
That's the challenge.
vinistic 🛡 retweeted
Excited to announce I'm starting a new column at Bloomberg about the business of fashion. The first piece is about how to re-shore US apparel manufacturing. Instead of using mass deportations and tariffs, the government should move the industry upstream. 🧵
vinistic 🛡 retweeted
CLASS ACT: Miami star RB Mark Fletcher came out of the locker room to find Fernando Mendoza after the game and congratulate him.
Fletcher reportedly stood there for a while waiting to give the proper congratulations.
Really great sportsmanship 👏❤️
vinistic 🛡 retweeted
Just published and written by me...
casinoreports.com/schuetz-sh…
vinistic 🛡 retweeted
MSU’s game at Washington will be at 6 p.m. ET, the best of two not great options (the other was 10:30 p.m. ET), with the Seahawks-49ers playoff game in Seattle kicking off at 8 p.m. ET.
Game is on BTN.
vinistic 🛡 retweeted
I’m not sure who needs to hear this, but:
Say you have $3M in cash.
Then you buy a home for $1M cash.
Your net worth did not just drop by $1M.
Obviously.
vinistic 🛡 retweeted
This will help you understand why the big PBMs are bad.
You can go to lillydirect.com and buy a GLP1 for under $500 and falling. It's cheaper, because no PBM is involved
Your company, uses a big PBM for your pharmacy benefits. It charges your company $1300 for a GLP1, which means you pay $1300 during your deductible phase. The PBM then gives the rebate it gets, from the money you paid, to your company.
And it won't allow you to buy the GLP1 from lilly direct.
No PBM < $500. Big PBM $1300
This is one of many reasons you should show this to your CEO and tell them to switch away from their PBM
@mcuban - Can you explain the significance of this for the layman and, more importantly, how this will benefit everyday Americans? Why do you think Lilly switched? And what will it take to have more Pharma cos switch to a move transparent provider? Thank you!
vinistic 🛡 retweeted
"The new exchange will help Robinhood offer additional prediction contracts tied to sports, elections and other future events"
What happens to the flow going to Kalshi?
Robinhood, Susquehanna to Launch Exchange to Expand Prediction Markets Offerings
wsj.com/finance/robinhood-su…
vinistic 🛡 retweeted
Just published, and written by me...
casinoreports.com/schuetz-go…