Josh Brown, from Reformed Broker, penned an eloquent, well thought out piece, regarding the rise and the fall of TheStreet.com and how he would save it. Well, unfortunately for all parties involved, there are no zombies on the web. Once you’re dead, you’re dead forever, in the stylish world of social media.
TheStreet.com is grandpa’s old tux with blue ruffled shirt to match.
Cue Geocities.
Cue Lycos.
Cue Yahoo.
Cue Myspace.
Cue Thestreet.com
Get it?
Once you’ve lost the “it” factor on the web, you are done. The reason why TST failed has everything to do with Cramer. As largest shareholder and Chairman of the company, he should have made smarter decisions, such as firing 90% of the workforce. I’d replace them with gorillas, who’d unwrap bananas for me, to be sold at my local A&P.
It’s theft to have 300 employees at that albatross of a company. With newspapers folding on a daily basis, there is an overabundance of talent out there who will work for peanut shells (save the peanuts for execs). I’d put 5 guys in charge of news and offer them a $30k base salary, with generous stock options if they hit their goals.
I have other ideas; but it’s an exercise in futility. Once Mad Money gets canceled, or when Cramer retires, TST will go straight to $00.00.
Fact.
The only way TheStreet.com will make it is if they create or buy another website, and totally disassociate it away from their fucked up brand–sort of like how Yahoo owns shit that is now worth more than Yahoo.
But you know that’s not going to happen. Therefore, the inevitable will occur: TST to zero.
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wow. but i think cramer said as much 4 years ago. he said he new there would come a day when he fall out of favor.
So you aren’t going to save them and buy them out Bear sterns style?
hop on the Bear Train…Toot…toot
Michael Weinstein says:
You should add another favorite: Short DMND. Chart remains superbly bearish.
Disclosure: short 23.2k shares @ 21.74.
Making coin. Join the train 🙂
I don’t play with nuts.
You should in this case (no homo).
PS. TheSteet.com is like yahoo finance. A joke.
Yahoo finance gets the most hits out of any financial site. TST is not even in the same league.
If you meant that in terms of content, then yes, yahoo finance doesn’t offer any content, and yes TST offers very little more than the nothing you get from yahoo.
Not only that but there is a growing contingent of people who believer cramer “works for hedge funds” and the shenanigans of that site and his tv show only give more fuel to that fire. That suspicion makes it even more difficult to make a comeback from internet zombie land.
Fly,
Sell everything and short DMND. Can you say BK?
Disclosure: short a shit load since 21.74. 26% margin. My top gainer for 2012.
They just raised $300 million you moron.
LOL
You might want to look deeper than that. Call Oak Tree for details. Options at 10.00 for them? Who do you think is shorting? It’s as near a “sure thing” as you’ll see in a trade.
Also holding August and Sep. 20 strike puts for added juice. Been doing this for better part of three decades and accounting scandals are my specialty. Watch and learn.
It’s all tied to the walnut crop. If it is strong, options are for $25 and your nuts get roasted.
It’s a really, really stupid short.
I love diplomacy in the trading community. The entire diplomatic world should be like us. They would learn so much from the trading community on how to interact properly with other nations.
Instead of.. “we’re grateful to have the Chinese president here and we’re having fruitful discussions”
” the guy is a dick, his country is a slave camp and talks aren’t going well because he can’t speak fucking English”
I love diplomacy in the trading community. The entire diplomatic world should be like us. They would learn so much from the trading community on how to interact properly with other nations.
Instead of.. “we’re grateful to have the Chinese president here and we’re having fruitful discussions”
” the guy is a dick, his country is a slave camp and talks aren’t going well because he can’t speak f..king English”
Ibankcoin is the jewel of the fucking game. Ruler judge jury and will be god of the dying blue hairs and newbie dicksuckers that litter the web thru thestreet and stocktwits garbage. Game over.
Thestreet farce is everything that is the me generation. Out of time out of luck and completely fucked. Long live the new king NOT the same as the old king. Ibankcoin is the future that is nothing like the past.
We will kill thestreet and eat (yes, cannibalism!) their young!
(no bath salts)
You still have “The A&P” down there?
no
Josh Brown is a hack.
Why do you say that? He seems like a straight shooter.
Once a stockbroker, always a stockbroker. One day he has an epiphany and now he wants to save the world from big, bad brokers and bankers.
Better late than never.
He is also very ugly.
If I was a chick or homosexual male, like you, I’d be concerned with his looks.
No broke back-banker here Flea. Just stating the obvious.
You and I are wasting time here debating non-factor.
Everyone sucks.
Happy?
Extremely
Long exk
Wow, TheStreet.com. That brings back memories. And now I can’t get that damn hamster dance tune out of my head again.
Cramer is more interested in TV these days. TST has no life without him there keeping it going. Just people getting paychecks for as long as they last. You gotta have an energetic boss pushing things.
Fly – have you looked into MRVL at all as a potential value play?
And any thoughts as to something like GIS, as they are hedged 50% on corn prices, are primarily US business based (strong dollar orientated), and offer a phat Divvy?
So who dies first…$TST or $tockTwits? LOL
My favorite is the kid you wrote the article about VHC. I wonder how many pesos greenberg paid that brain less zombie to do this piece.
http://www.thestreet.com/story/11644645/1/virnetx-anything-but-a-marginal-market-problem.html#disqus_thread
probably paid him in pizza. So funny and horrible. Why does not the SEC look into these fools? Maybe because its so stupid, they would think one was making this all up.
Hey ass h-les. It appears the only thing made up is your job. Cramer, Greenberg, hedgies and TST are pissing in you milk shakes.
get to work already.
TSCM is dead, IBC is the last man standing.
I wonder if Cramer understands he brought it on himself? Should have never let the a-hole lawyers send you that C&D letter!
Meanwhile, Howard Lindzon (no relative) is mentioned in Institutional Investor’s Top 50: http://www.institutionalinvestor.com/Article/3065259/The-Tech-50-The-Difference-Makers.html
I was a subscriber to thestreet.com. I canceled and they continue to give me the service for free. I also know two other people that have not been billed in over a year. Me thinks the FLY is right….BK.
1999 called and would like to have its headline back.
The olympic coverage by NBC sucks. It is horrible. The whiny annoucers talk shit the entire time. None of the events are explained in anyway. How the fuck does the average american know the rules to gymnastics or ping pong or handball or etc etc. Put some fucking graphics on the screen. Truely the worst olympics ever. The tape tanks before this pig is over for sure.
The 0 is in total fail mode. Look for mormonism to become an issue soon.
You can not make up how fucking bad the olympic coverage is. Wtf? Somehow it must be related to the 0 plunge in the polls. Lefties assbleeding trying to announce olympics as their guy blows up claiming the Fly did not build Ibankcoin government did.
How would that be any different than the Tea Partiers screaming about Obama being a Muslim?
Yep….agree.
Thought that I was the only one that
didn’t get what was going on. Really bad coverage.
TST will trade north of 15 after QE 14 in the winter of 2016.
buh buh buh boo – ya!
Fly,
Are there tutorials on how to interpret your high faloutin, members only, fancy pants charts?
Jim Cramer was my original teacher and I was a regular at Stockpickr and Real Money. I will always have a soft spot for him. But, I don’t hang out there anymore. IMHO, The Street should have set up a blogger network like you have done here Fly…I really disliked that there was a class system of Pros and Readers..us readers were suppose to bow to the smart pros and hang on their words. Most of them sucked…not stock junkies or space aliens. (Rev is cool…but TST lost many of his bloggers when they went off to form AlgoFighters.com) . TST doesn’t care if they loose readers/subscribers..they just think we are easy to replace. It is funny that so many of us x stockpickrs ended up here… Funny, with all the banning, etc here..there is actually more love here…plus, we can fucking cuss.
lol.
Jim Cramer was my original teacher
Actually, this explains a lot.
lol po.
CUE STOCKTWITS
M. LeFly talked Caeser.
Hail!!!
$CZR provides proposal.
!!!Good Luck!!!!
…conflicts….
I own the oldest US film company known $MGM, (except for gowd friends (at the Flying “A’).
Stories for another time, not date!
Fuck the street, one day “The Fly” will be on TV under a black “witness relocation” type blur and untold opportunity will be offered to the common man.
I can see it now!
V.King has posted and blogged…to be honest neither were my best work…In fact my blog post could have been better…really just mailed it in.
The shlub is history? That much good news in one day is orgasmic.
Looks like stocktwits is on the ropes with Twitter “hijacking” the Cashtag …. Reading Howard Lindzon response I couldn’t help but laugh…. took 4 years to build and twitter essentially taking it over in a matter of a few months….
ON TO THE NEXT ONE