iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,411 Blog Posts

“The Fly” Has Gone Full African Now — Long $JMIA

No need to even look at a single report for this one — what they do, how they do it, and what not. They’re “The Amazon of Africa” — based in Germany. Okay. In my head — they’re offering same day delivery of spears via cheetah, 3 day prime delivery for items over 500lbs via Elephant. For tall buildings, a giraffe will extend his neck into your window and drop off your packages. One might misconstrue this as ridiculously racist — but it’s just me being ignorant to the world around me.

See, I’d been catacomb’d in the streets of Brooklyn since a small boy — running around wildly — throwing dirt into the faces of my friends — water and bleach onto the clothes of strangers — karate man dressed in all black, hockey stick, can in the spokes of my bicycle — vrrooom vrrrommmm — fast.

Since that time, I snaked my way out of the sewers and into Wall Street, enjoyed the cesspool for some time and even moved to a house in Staten Island, bore witness to bad behavior, but was accustomed to it. Left there and headed towards Princeton, NJ — where people acted distinguished — but off, something wrong with them. Whole neighborhood falls asleep at 8pm.

All of that experience, or lack thereof, has led me to African Jungle masks in my portfolio — Germans running Africans ragged for profit, a familiar sentiment, one that has proven to be successful and profitable for Germans. Ergo, I’m along for Le Ride — long JMIA — heading into the bright sun with a fist filled with rage, heart overflowing with empathy — for those less fortunate than me — bereft of Space Alien Magician (SAM) stock market skills and a gentleman like demeanor.

(Tips hat)

If you enjoy the content at iBankCoin, please follow us on Twitter

2 comments

  1. juice

    Let’s see JMIA try to pay zero taxes on 11 billion in profits, then tell me they’re the AMZN of the dark continent.

    https://finance.yahoo.com/news/amazon-taxes-zero-180337770.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Po Pimp

    Jumia is actually pretty cool. They will deliver to your house and take payment on delivery for smaller orders. I gave them a go on an order equivalent to about $50 to see how it would work out. No problems at all.

    Konga is another company doing the same thing over here, not sure if they are traded or not. Hell I was surprised to see Jumia is traded.

    • 0
    • 0
    • 0 Deem this to be "Fake News"