Category: Business

Good News / Bad News

Business, Eco-Crap, Watermelons

Good news for us wot loves those internal combustion engines in our cars, bad news for EVs and their watermelon supporters:

Rivian Lays Off 10% Of Workforce As Lucid Production Underwhelms

EV startup stocks Rivian (RIVN) and Lucid (LCID) sank Thursday after both companies reported fourth-quarter earnings and revenue late Wednesday, and announced they are not ramping up production in 2024.

Rivian reported Wednesday a loss of $1.36 per share in Q4 with sales doubling to $1.31 billion. Wall Street expected a loss of $1.35 and revenue totaling $1.28 billion. Looking to 2024, Rivian said it expects production of 57,000 vehicles, remaining flat compared with 2023.

The company also announced that it predicts vehicle deliveries in Q1 2024 to be about 10%-15% lower than in Q4 2023 and that it is laying off 10% of its salaried workers.

Along with Rivian, Lucid reported Wednesday a Q4 loss of 29 cents per share with revenue falling 39% to $157 million. Analysts predicted a loss of 30 cents and sales hitting $180 million. Lucid produced 8,428 vehicles in 2023 and delivered 6,001.

For 2024, the company forecasts producing 9,000 vehicles, well below Wall Street’s expectations of more than 14,000.

Yeah, nobody wants to buy them now (even at subsidy-lowered prices), and still fewer will buy them when said subsidies disappear and the costs of these boutique vehicles assume a trajectory opposite to Rivian/Lucid’s share prices.

And the children will laugh and play, in the playgrounds to which they were driven in their mommies’ gasoline-powered SUVs:

And the oil rigs will pump again, their oil being carried along the completed XL pipeline, filling up cars will no longer require a letter of credit from the banks, natural gas will flow into people’s houses in greater amounts and at lowered prices, windmills and solar panel farms will rust away and fall over, and nuclear power generators will become a feature of every town in the land.

And the watermelon socialists who supported the whole Global Warming Climate Cooling Change© pack of lies will dangle limply from lamp poles in many streets, those that did escape the Air Pinochet helicopter flights, said choppers fueled with the cheaper avgas and therefore able to fly many missions…

Hey, a man can dream, can’t he?  So mote it be.

Interesting Purchase

Business

Well now, lookee here:

Today, Walmart and VIZIO announced they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, equating to a fully diluted equity value of approximately $2.3 billion.

Why would Walmart buy a TV manufacturer?  As RedState’s Brad Slager notes (with my emphasis):

Walmart currently stands as the largest retailer for Vizio products, but this buyout has less to do with the retail side of things. The store chain is eyeing its expansion opportunity through Vizio’s smart TV platform. The intention is for Walmart to step up and become more of a direct competitor with Roku, Amazon, and YouTube in the direct-marketing arena, intending to leverage Vizio’s OS through its built-in television apps.

Hey, the more the merrier (paraphrasing Milton Friedman, talking about free-market capitalism).

Just as long as Walmart doesn’t pee in the soup and prevent Vizio owners from choosing between the various vendors like Roku et al. by locking them out of Vizio sets.  That would be a Bad Thing.

I can’t see why they’d do that,because this would just mean that consumers just wouldn’t buy Vizio TVs — I certainly wouldn’t under those circumstances — but as we often see, giant corporations are as prone to fucking up as any other business.

Search String

Entertainment, Retailing

Here’s an interesting thing.  The other day I was asked by an old friend from Seffrica where she could find one of my novels on Amazon, so I just told her to do a search for “Kim du Toit Prime Target” on their website.  Here was the search result:

Errrr what?

Puzzled, I tried one of the other novels:

No problem there… and likewise for all the other works I’ve published at Amazon.

Then I tried again, using just “Kim du Toit” as the search string, and lo and behold, they all showed up, including Prime Target:

Of course, trying to reach anyone at Amazon who could look at the problem is like trying to decipher the U.S. tax code at IRS.gov: opaque,  impossible and misleading.  Amazon must be the least-friendly organization on the planet when it comes to this kind of thing.

Anyway, here’s the link to Prime Target, in case anyone is still interested in a story about a government agency spying on U.S. citizens’ private data.

Nazzo Fast, Guido

Marketing / Advertising, The Gun Thing

Look, nobody knows better than I that the essence of marketing is to expand demand for a proven product.  But then I see this:

Springfield Armory has refreshed the popular TRP line of professional-level 1911s. The TRP is based on the Springfield Armory Professional 1911, which was originally chosen for use by the FBI’s Hostage Rescue Team, and now the line has been refreshed to offer six new .45 ACP models with a wide range of new features.
The TRP platforms are specifically designed and built for demanding 1911 enthusiasts. Each pistol begins with a forged frame and slide for strength and durability. Each pair is the hand-selected for slide-to-frame fit and numbered to marry them with their matching components throughout the build process. The result is a premium fit, with refined blending and rock-solid performance.
Providing an additional touch of custom detail, all TRP pistols feature sighting plane serrations along the top of the slide. The result is an attractive touch that offers the shooter an enhanced sight picture and maximum light diffusion. Also on top of the slide is a tritium three-dot sight system for a clear sight picture under any lighting environment.
Springfield Armory chose VZ Grips and their combat-ready Hydra series of grips for the new TRP pistols. The deep relief channels provide aggressive purchase without being overly sharp, while exposing the layers and patterns of the G-10 material. In addition, all TRP pistols feature 20 lines per inch (LPI) checkering on the frame for an enhanced grip with either wet or gloved hands.

And then the kicker:

TRP Classic 5 inch and TRP Classic 4.25 inch have an MSRP of $1,899.
The TRP Rail 5 inch Black, 5 inch Coyote Brown and TRP CC 4.25 inch Black and TRP CC 4.25 inch Coyote Brown have an MSRP of $1,999.

So basically, it’s a budget Nighthawk, except in that baby-shit Coyote Brown — the gunny equivalent of the putty-colored automobile.

I’m sure the Government alphabet-agencies are just going to love them, because WTF they have the budget to afford these things.  So will all those wannabe “operators” because they’re always up for the Latest Thing that all the cool kids have to have.

Me?

Clearly, I’m not in the target market for the TRP.  And that’s fine by me.

Privacy? What’s That?

Corporate Fuckery, Marketing / Advertising

Very few things get under my skin as much as bullshit like this:

A recent study from Consumer Reports engaged 709 volunteers who provided archives of their Facebook user data. Astonishingly, Consumer Reports discovered that 186,892 different companies transmitted data about these users to Facebook. On average, data from each participant was shared by 2,230 companies, with some users’ data being shared by over 7,000 companies.

Think you’re outside this little net?  Think again, Winston Smith:

This examination highlighted a lesser-known form of tracking known as server-to-server tracking, where personal data is transferred directly from a company’s servers to Meta’s servers, alongside the more visible method involving Meta tracking pixels on company websites.

A surprising finding was the pervasive presence of LiveRamp, a data broker, appearing in the data of 96 percent of study participants. The list of companies sharing data with Facebook extends beyond obscure data brokers to include well-known retailers like Home Depot, Macy’s, Walmart, and others, such as Experian and TransUnion’s Neustar, Amazon, Etsy, and PayPal. Notably, LiveRamp did not respond to a request for comment on this matter.

The study’s data came from two main collection types: “events” and “custom audiences.” The latter involves advertisers uploading customer lists to Meta, including email addresses and mobile advertising IDs, to target ads on Meta’s platforms. ‘Events’ describe real-world interactions, like website visits or store purchases, facilitated by Meta’s software in apps, tracking pixels on websites, and server-to-server tracking.

I’ll sum up all this in a simple sentence:  if you’ve bought anything online in the past three years, your personal data is everywhere.

Of course, there are the weasels:

Emil Vazquez, a spokesperson for Mark Zuckerberg’s Meta, defended the company’s data practices, stating: “We offer a number of transparency tools to help people understand the information that businesses choose to share with us, and manage how it’s used.”

Oh sure.  Forgive me for being skeptical about the motives of said weasels, and the companies they work for:

However, Consumer Reports identified issues with these tools, including unclear data provider identities and companies that service advertisers often disregarding user opt-out requests.

I don’t even know what to do about all this — nothing can be done, seems to me.

But the best part of all this — and the reason for my hopelessness — is that of you think that Government isn’t getting their snouts into this data trough, I have a fucking bridge to sell you.

Corporations, no matter how big, always fall straight to their knees every time some government department demands a blowjob.  And this circumstance is no different.

See Ya

Corporate Fuckery, Sports

Looks as though Sports Illustrated has decided to cut the fat:

No, not that fat.  This fat:

The owner of Sports Illustrated has ended the employment of the publication’s entire staff, leaving the very existence of the nearly 70-year-old magazine in doubt.

Then follows a while bunch of publishing industry gobbledegook (good luck trying to understand this nonsense — it reads like the article’s author didn’t understand it either):

The licensing group that owns the sports mag has terminated its agreement with The Arena Group to continue publishing the magazine three weeks after Arena missed a $2.8 million payment, a deficit that breached the magazine’s licensing deal, according to Front Office Sports.

Authentic bought SI out from Meredith in 2019 for $10 million. If it continues publishing, the magazine will turn 70 years old this August.

An email announcing the decision says in part, “We were notified by Authentic Brands Group (ABG) that the license under which the Arena Group operates the Sports Illustrated (SI) brand and SI-related properties had been officially revoked by ABG.”

Got all that?  There will be a test.  Not that it matters, because here’s the crux of it:

“As a result of this license revocation, we will be laying off staff that work on the SI brand.”

Crap magazine, terrible writing, stupid stories, and let’s not forget the idiotic decision to put fatties in the Swimsuit Issue instead of hotties like oh, Leryn Franco.  Ergo, from this:

…to this:

“Oh noes… why did people stop buying our magazine?  They must all be Christianist Trumpists!”  or some such twaddle.

SI  never recovered from the loss of writers like Pete King, Frank DeFord and Rick Telander, to name just some.  And the arrival of Internet reportage shot them in the gut, just as what happened to many print magazines in other industries.

Won’t be missed.  Mediocrity and crap hardly ever is.