35 Burst results for "Nokia"
"nokia" Discussed on Telecom Reseller
"Use cases we think <Speech_Male> we can help <Speech_Male> these CSPs address <Speech_Male> to their various enterprise <Speech_Male> vertical <Speech_Male> customers <Speech_Male> with our joint <Speech_Male> solutions. <SpeakerChange> <Speech_Male> <Speech_Male> Operators <Speech_Male> become more <Speech_Male> focused on the enterprise <Speech_Male> solutions. How <Speech_Male> does that come <Speech_Male> about and <Speech_Male> is it the future for <Speech_Male> a telco? <SpeakerChange> <Speech_Male> Yes. I mean, I think <Speech_Male> so. I <Speech_Male> think CSPs <Speech_Male> have become increasingly <Speech_Male> <Speech_Male> concerned with <Speech_Male> providing differentiated <Speech_Male> experience <Speech_Male> and of course <Speech_Male> that differentiated <Speech_Male> experience needs to be <Speech_Male> broadly <Speech_Male> there <Speech_Male> are a number of categories. One <Speech_Male> is that there is the broad <Speech_Male> universal connectivity <Speech_Male> that they need to have. And then, <Speech_Male> of course, there's going to be <Speech_Male> various other types <Speech_Male> of connectivity, <Speech_Male> both private, but also the <Speech_Male> slicing experience <Speech_Male> that they'll be able to <Speech_Male> achieve over the <Speech_Male> next years. <Speech_Male> I think <Speech_Male> where they have become <Speech_Male> much better at is <Speech_Male> understanding <Speech_Male> where private night <Speech_Male> works coming versus <Speech_Male> not. Yes, so <Speech_Male> that's the first issue. <Speech_Male> Second thing is <Speech_Male> learning, <Speech_Male> as I said before, the <Speech_Male> time of motion. <Speech_Male> And actually, <Speech_Male> they've become much more <Speech_Male> sophisticated around the go <Speech_Male> to market as well. So <Speech_Male> they'll actually <Speech_Male> understand we used <Speech_Male> to be much more <Speech_Male> concerned about quality of <Speech_Male> service and <Speech_Male> quality of experience actually <Speech_Male> what the really <Speech_Male> need to understand in the future <Speech_Male> and what they've become <Speech_Male> a lot better at is <Speech_Male> characteristics of <Speech_Male> service and characteristics <Speech_Male> of services, <Speech_Male> whether it be latency <Speech_Male> or availability <Speech_Male> or throughput or <Speech_Male> whether it be <Speech_Male> synchronous or asynchronous <Speech_Male> connectivity. <Speech_Male> Those <Speech_Male> are the considerations that <Speech_Male> actually then drive the <Speech_Male> use cases. And so they <Speech_Male> become a lot more expert <Speech_Male> around that. And that's <Speech_Male> where we see the <Speech_Male> proliferation of the <Speech_Male> technology actually apply. <Speech_Male> <Speech_Male> Anything to add? <Speech_Male> So if you <SpeakerChange> look at <Speech_Male> computer cloud as an <Speech_Male> example, and look <Speech_Male> at it from a hype cycle <Speech_Male> perspective, it's <Speech_Male> going up the <Speech_Male> slope of enlightenment <Speech_Male> today. <Speech_Male> So it is <Speech_Male> really coming <Speech_Male> to a point where it <Speech_Male> gets distributed <Speech_Male> cloud, which is <Speech_Male> taking the extension of <Speech_Male> a hyperscale <Speech_Male> or cloud environment <Speech_Male> on prem and <Speech_Male> in context of <Speech_Male> CSP both side <Speech_Male> of the both <Speech_Male> sides of the radio tower. <Speech_Male> And bringing <Speech_Male> the value <Speech_Male> of a <Speech_Male> single pane of glass, <Speech_Male> a catalog <Speech_Male> of applications <Speech_Male> and accelerating <Speech_Male> what <Speech_Male> consumption of <Speech_Male> applications that drives <Speech_Male> is a <Speech_Male> key area that we <Speech_Male> are exploiting <Speech_Male> with <Speech_Male> our solution today. <Speech_Male> <SpeakerChange> <Silence> Where <Speech_Male> can our listeners find out <Speech_Male> a little bit more? <Silence> <Speech_Male> IBM dot com. <Speech_Male> <Speech_Male> <Speech_Male> It's pretty simple. <Speech_Male> Yeah, it is, <Speech_Male> but also Nokia's <Speech_Male> got <Speech_Male> announced a blog on this <Speech_Male> as well on their own <Speech_Male> website, both <Speech_Male> in terms of the partnership <Speech_Male> they're doing with IBM, but <Speech_Male> also with some <Speech_Male> of their other partners as <Speech_Male> well. So <Speech_Male> yeah, I mean, that would be the <Speech_Male> first place to <SpeakerChange> start. <Silence> This <Speech_Male> is Don with the <Speech_Male> channel daily news <Speech_Male> speaking with <Speech_Male> Stephen rose and <Speech_Male> I'm going to let you give your <Speech_Male> title there. <Speech_Male> That was a long <SpeakerChange> one. <Speech_Male> Head of telecommunications <Speech_Male> media and entertainment <Speech_Male> and distribution. <Speech_Male> <SpeakerChange> <Speech_Male> Okay, <Speech_Male> and then rasheed <Speech_Male> Mehta <Speech_Male> and <SpeakerChange> he is the business <Speech_Male> development <Speech_Male> leader for global <Speech_Male> telecom industry. <Speech_Male> Both of you, <Speech_Male> thank you very much. This <Speech_Male> is actually an exciting <Speech_Male> <Speech_Male> market <Speech_Male> and basically <Speech_Male> target that <Speech_Male> you're going after. <Speech_Male> It's going to be <Speech_Male> huge. I mean, <Speech_Male> there's going to be so <Speech_Male> many of these <Speech_Male> micro <Speech_Male> private networks. <Speech_Male> It's going to be all <Speech_Male> over the place. So <Speech_Male> get ahead of the <Speech_Male> curve and <Speech_Male> you'll be the leader out <Speech_Male> there. Thank you. <SpeakerChange> Thank <Speech_Male> you. Thank you very much.
"nokia" Discussed on The Bad Crypto Podcast
"There's so much talk about the metaverse right now as brands and platforms are hustling to find their place in the Brave New World that's coming. Interpol, Nike, and Nokia are just a few of the names you'll hear discussed today. On top of that, we've got some alleged experts opining on their biggest metaverse predictions. You can be whatever you want in a virtual world. So we choose to identify as ourselves. That's all we really know how to do. As we share the latest metaverse news on episode number 643 of the Met crypto podcast. Who's that? We'd love to welcome you to the bed crypto podcast. The show for the crypto curious and the crypto series we are, the one and only metaverse morons. I guess that would be the two win only.
"nokia" Discussed on WLS-AM 890
"Folks, you can change the world that I'm not talking about for the better. Here's what I mean. Look at that. Again, Fox nation viewers. You see that my hair standing up. I only get goosebumps when something really deeply emotionally impacts me, and I'm worried. I want to sound fatalistic. I think we're going to be okay. I think the country is going to come out of this Biden administration when we're done with this disaster in a far better place, but we've got to get through it first. I'm worried because I've been reading tweets like this. Kievans, they're reporting on something from Politico, but Politico, U.S. accelerates plans to update nuclear bombs in Europe. The U.S. is rescheduled the arrival of upgraded AirDrop gravity bombs to NATO bases in Europe through December of 2022 according to Politico. The Pentagon, however, says this is in no way linked current events in Ukraine. Sure. Nokia Doki doggy daddy. Sure, it's it. Got Vladimir Putin threatening nuclear war. We got our DEFCON moving by the day. If it's not formally, it's definitely behind the scenes. There's a lot of people worried. And I get more worried because we've got a bad guy in The White House, a genuinely bad person. Doing really awful things. You have 12 days to put a check on this guy. You can. You can stop him in his tracks. He will not be able to pass a single piece of legislation if we take the House and Senate, not one. But your country is not going to save itself. It's up to you to go out and vote. If you're not registered, do it today. If you're not planning on voting, change your mind fast, and if you are planning on voting, please take ten people with you. Please. Your country is not going to save itself. Folks is nuclear war story has me really kind of freaked out. This isn't the kind of thing. You know, you can never turn around and do a do over. It's not like Wayne's world. You know, I remember Wayne's world with the hockey game, remember that they just starting over. It's not the way any of this works, man. This isn't a movie. This is real. And we've got to corrupt the crowd in The White House. I got more on that coming up later too, and another new shocking revelation about Hunter Biden and his little mini fang fang there. Interesting. How this news keeps coming out. You don't hear much of it from the mainstream media. And I got my election update, and then update on the Darnell Brooks case. Some of you may be asking, who's that? Exactly. That's my point.
"nokia" Discussed on TuneInPOC
"Infinite or something and I'm being spending 7 times at the end of the night I'm holding but they don't do it and she be there I'll give you that. Beautiful 'cause we're gonna turn it on and put me down again get over there. Let's just go. There's that point make oh. Just like I mean it's. The last you done get lined on your. Teeth they lucky. But it's the only gun you'll think that all give you me little God. In your body it'll rain again here you go. Hey look at me so you're not a stupid woman that I feel the. Unthinkable that you're trying to say baby blood on fear. What are your thoughts yeah well I know. Come on they got this give a little thought on your. Love and I know you know me cold I don't get caught yeah. It is better than. It are the only thing better than I thought yeah. Man. No they won't but I see your second was released little DNS woke up what a kid like when I see he loves you get hit it so he put a little bit of scene on love it or must assist on another looking thing you must see most from what I thought a little so I call that your little sake he showed for my short it all me but I saw you Nokia gone dead.
"nokia" Discussed on The Tech Guy
"Made of glass. I mean, the complaints are like just way too easily cracked. Drop of like three inches or something like that. But Nokia guarantees three years, by the way of monthly security updates. That's fine. That's really good. I don't know about reliability. That's interesting. That's a really good question. I don't have any data on that at all. They look like pretty good phones. Nokia's always made solid phones. Again, it's HMD now. But I would bet that these are no less.
"nokia" Discussed on Bloomberg Radio New York
"I think it's hard to hard to parse them too closely I think a lot of the supply is consistently coming from similar places TSMC is this dominant player obviously And that's really been a pinch point I think if there's some sort of inconsistency in what we're reading that is most interesting me it's that companies like Samsung and Nokia are sounding a little bit more bearish about supplies and maybe not so hopeful that we've maybe been through the worst of this But I think this may be a situation too where there's a lot of complexity and big differences in terms of the type of chips that carmakers are using versus a phone company So it is a situation where we are certain that this is not going to be resolved anytime soon and definitely going to have a major impact on how the industry runs And I'll certainly businesses managing to offset the cushion themselves from the difficulties by putting the chips that they do have into the products there of highest value Is that Is that something that we're seeing here Craig That's another real consistent thing that we're seeing whether it's GM and Ford prioritizing pickups that those are their most lucrative models or Volkswagen is this house of brands where you have a lot of mouths to feed prioritizing a Porsche or an Audi over just a typical Volkswagen So you heard mister D's actually speak about that a little bit The idea that some of the mass market brands really struggled last quarter whereas with the premium makes they had a much easier go of it and actually sort of carried the water in terms of earnings performance Okay really interesting Craig Thanks so much for coming into the radius Studio That is our Bloomberg cars are Craig trudel on VW and all the other earnings from the auto sector Let's get the latest in global news flow He has been very younger And a good morning and thank you The UK government is hitting back at France over its proposed measures in the long running dispute over fishing access Bloomberg's Ewan Potts has more Post Brexit tensions are heating up again with fishing rights again in focus France says the UK is imposing too many conditions on its fleet of boats It's the mining and agreement by early next week If it's not sorted out France is threatening the Titan checks on cross border trade and could target channel island energy supplies 10 Downing Street says the threats are disappointing and disproportionate In London I'm your own pot split by daybreak Europe Now the ease top court has told Poland to play a daily fine of €1 million in a row over judicial reforms Yesterday's decision increases a financial squeeze on Poland which also faces a €500,000 pay a daily bill for ignoring an order to close a coal mine near the Czech border Separately the EU is delaying the approval of €36 billion of pandemic aid The courts are move comes in response to Poland's failure to suspend a controversial disciplinary chamber of its Supreme Court Now Iran's deputy foreign minister says negotiations to revive the 2015 nuclear deal will resume before the end of November but Tehran still expects the U.S. to release $10 billion of its assets frozen overseas as a gesture of goodwill The last round of talks derailed back in June Washington says it will discuss around with its allies at the G 20 this weekend And Elon Musk and Jeff Bezos are worth almost half a $1 trillion Bloomberg's head Baxter has a details The combined worth has approached $500 billion fueled by the unrelenting Tesla surge and the tech stock movement that sent the NASDAQ to an intraday record The value of the two fortunes is bigger than the market value of Johnson & Johnson and about equal to America's biggest bank JPMorgan Chase This is a watershed week for billionaires as a tax proposal became part of an economic plan debate but then was dropped in its current form it sponsors senator Ron wyden says it is not dead but talks have indeed moved elsewhere In San Francisco I met Baxter Bloomberg daybreak Europe Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and will then 120 countries I'm Leanne guerin this is Bloomberg Caroline Thanks so much Linux with the world news just how few sports report his George Altman There will be a new name on the League Cup.
"nokia" Discussed on DV Radio
"It doesn't look that big at but then again i mean they're old. They don't need that much space. I'm sure that looks like it's like three rooms. Max and i say that because it looks like there's an upstairs this is in. what did i say right bosnian. It's not like this is here. Where do they shouldn't piss exactly that if you look at the pictures there's because it sits on a little platform. My thought is that all the piping is in there. They probably sit in the middle of the fucking house at bean did. It's pretty cool though. i know. i'm just being dale. It is i like that. I have the fill in. Excuse me that there's more to the story. Excuse me then what we know. And what. He's saying i feel like he so modest and humble that he doesn't really wanna say why he'd done it because you wouldn't just do that because you're being nagged by somebody. It feels like he's done it as far as there might be something wrong with her health. They may i mean maybe there is some underlying reasoning behind it and like i said i i feel like the. The nagging thing is more of a joke because i feel like a lot of elderly people. When they're married. They they do that to one another. They all hang on each other so hard. And you're like oh that's so bad but it's it's because they love each other but they and they've been through a lot of shit so yeah but i think it's a pretty cool preeti cool till Go that route. All right we'll keep on the old track. Nokia nokia brings back brick phone Sixty three ten with snake and eight twenty two day battery life in twentieth anniversary celebration. Although they didn't tell you when it's going to be released sub break oh. Advertising of ancient the global maker nokia phones has given the cult classic sixty three ten a makeover for the modern era. Still the pixel. Come on the first take on. The old handset has been released in a nod to early early. Nafis nostalgia to celebrate the sixty three tonnes twentieth birthday. That's a long time. And i think that it's probably still cool phone with finding indestructible. Gotta fill in that. It's more upgrade hardware internals and software. Yup it earned the enduring nickname. The brick as users would fill them with film themselves dropping and stomping on the apparently indestructible foale nokia said. The latest evolution will retain the tough polycarbonate shell and expand and expand the long last battery life to twenty two days. But it will also feed your brand new boza whistles like a camera. And i'm like oh there goes the phone snake fans will also be able to play a version of the original and a throwback to the low tech mobile gaming of yesteryear. Snake was the shit when i was growing up. I know i'm trying to remember the game. I know i go around with. This starts out with three dots. It was and then i'm lake. Maybe that's not the game that i was thinking of but now it is. It is although. I wonder if i can find that game like a modernized version. You can and it's not as good trust me. 'cause i played lemmings. Lemmings is cool. Lemmings on the iphone is breezeway stationed somewhere mold that game. But yeah i remember. Oh my god laying. Snake you end up there. It was it was it was it was snake and the ping pong game pong pong.
"nokia" Discussed on MacBreak Weekly
"And so so the thing is is that is that the in that sense. They don't have to create this incredible thing every single year. That pulls way way out because that takes it also takes an enormous amount of investment per per piece and you do have to have some kind of progression. We're gonna do this. One of the hardest things for hardware and software companies is to make make certain that they Know what's going to happen next. And there's a lot of places where you're not putting everything you could think of into this version and it's really frustrating when i was when we had a piece off actually that we sold for That we sold the plug in for Final cut high knew what three versions out was gonna look like you know like i knew what that looked like and i knew that i couldn't do release right now with that version so we had to like release this version and by the time you release that you feel like it's old news because you've been working on it for the last couple months and you were excited about the next one and it's really hard not to talk about the one that's in front of that but you had but from a business perspective you have to release them at a regular rate and keep on adding every idea into every new version we you don't get you know you can't it's not. It's unsustainable inflation expectations and as the tennis was a twenty eighteen models. So this is three years later. A dramatically improved night shot dramatically improved battery life. A bigger screen probably a better screen. I think if you're three your iphone is three years old. It might be time to look at it. It's a little harder. If it's only two years old. I don't feel any inclination with a one year old iphone but that's completely reasonable. Keep their phones for to. At least i would have. I haven't done all these years. Yeah yeah it's the first time. I've not done this but i but i don't i don't actually feel any really good tulio like because like they're they're going to be hard physical limits that everyone is gonna hit because like yes. Tsmc's going to go down to three nanometers. they're gonna call something one nanometer. They're gonna hit quantum reality really quickly there. There's also a limit to the physical size of a phone like the thermal envelope. There are limits to how fast you can spike. We can do frequency. Because you'll brown out the batteries. I just all these hard physical realities. And i think like you said at the age of big cars are over it. You're you're never going to be able to make those as fast as you cut. Mac pro or something so starting to architecture silicon for this specific features. You want to deliver makes a lot of sense to me because they do it. In house they can target those features three years out and say we want to be able to do live tax. We want to be able to do Cinematic mo and we want to be able to do You know the rest and then just built for that and not at least to me keeps silicon interesting again and keeps these phones interesting. I'm actually. I think you know it's funny. Brian review in the new york. Times didn't even mention improved battery life. Just even it is so much better and people have been bugged out for a long time that their battery life isn't better as the number one feature consumers care about on every survey you look at i. I really think the most important point as you said renee the most important point is apple can now optimize for what it thinks. People want notice by the way with the departure of johnny. I've nothing about sin anymore. Yay camera bumped you beer. If it makes it better for better care for or more lenses like you're more its own saying like six eight hundred so badly. I want the company. The county lenses so light. It looked it. Looked like a bug. Those sell nokia. They weren't apple but it did take better pictures. That's all i wanna point out is that is that inner ocular distance can be on the back of the phone so that you can three d. videos songs saying what about those of us with really big heads. Alex what happens for us. Gloria big enough. It's still big enough for dinner. Ocular just turns out it only it only. It only varies by about five millimeter marquess bradley and his video review did point out a a bug. I think in macro mode. And maybe rene you can confirm this. He said he can't manually switch out of it. He could switch into it but he can't switch out of it New setting off. We're update this fall. Says apple to turn off. Automatic camera switching. Some people complained about the to me. The beauty of macro mode is that it wasn't a mode if as you got close it. We switched to the amer that does macro But some people didn't like that because they wanted to get less close than still. Shoot the different camera which i totally get and you always have this battle between like some people like night mode being automatic. Some people want to separate mow the way. Google doesn't on a pixel like you. You can't please everybody. This'll be a setting so you can choose. I just love the fact that i could push in on something not have to worry about a button or a setting and then suddenly it's a macro and i'm shooting it. I i have to say apple. Seems like they're always going to err on the side of automatic rather than an we also simplicity simplicity and we also have to remember that they're that these features are potentially available to developers and so you have companies like film pro you have companies like allied. Yeah but you know that are gonna have. They're going to get access to the tools that apple put in there so that they can take advantage of it and give people who want that manual. Control the control of the phone. I actually find that. There are too many modes within the current apple. Phone like i got into a photo of the other day. I couldn't get the video. I don't understand you know and so There's so many things you hit the wrong button on the phone on the apple phone. The apple camera has gotten too complex in my opinion that you should leave that you know if i opened something up and i wanna take a video. I don't want like a thousand different versions of that. I just want to take the video. If i want something more complex i want to open up. So you're gonna open up film. i'm ready. You're voting for apple's way of doing it. Make it simple. Yeah at least in the camera app and then if you want more you got filmmaker. Hey light or something else and you can dangling get all the document let them but the the the phone that's built should just were. I think that's exactly right. I'll i'll say i'll agree. I'll say that. I think that's true across many different phone camera platforms the number of times by testing phone. Whether it's the iphone whether it's a samsung phone where it's like. Oh wow that's cool. I ruined take a picture. That's oh okay. I seem to be in panorama mode for some reason because my my thumb kind of kind of smudged a little bit while i was pressing the starter button okay. Well that was fun. I'll tell trying to describe to people what that little bird looked like. That'll be almost just as good now. One thing that really irks me though is that there's no like you. Can you can press a button to change between four k. and ten eighty p compress. You can tap a little icon to change between thirty sixty and twenty four frames per second. There is no indication. If you're an hd are mode or not. There is no toggle for it in the camera. You have to go deep into the settings to change it and also when you airdrop even though it saves in hd hdr tone map and sdr tone map. You can't choose between them if you wanna get that off either..
"nokia" Discussed on The One You Feed
"You talk about how our entire drug treatment model well. There's three main models but two of the three Sort of twelve step programs in the other sort of the end of the therapeutic treatment communities abstinence from all mood altered substance is the goal and the only success and anything. Short of that is seen as failure. Why is that the wrong gauge of successor. Wise it wrong only have that as a gauge of success. I know oftentimes people in meetings are joking when they say this but you know if they go into meetings say i killed ten people but i didn't drink i've had day or like i lost my job. I lost my house. And i didn't drink so i had a good day like that is not a good day. He's a great drink. But what actually matters your quality of life and this is what everybody you know like regardless of addiction status. We just all want to lake connect with people be happy be productive e you know safe and okay. And that's what matters and it's very hard to see that. Because we do become so fixated on substances and on this idea. Well nokia abstinence versus not accidents as state binary and harm reduction is like a continuum and as we can see with gender..
"nokia" Discussed on Museum Archipelago
"The museum features much shorter informative taxed in three languages finnish swedish and english. As the finnish industry has changed so have the exhibits. Giant machines used for forestry and mining. Sure the open. Circular space with the tiny cell phones made by the finnish firm nokia and interactive touchscreen exhibits that teach the basics of computer programming visiting the museum in twenty twenty one. The no his cell phones look impossibly out of date in the way that history tends to compress itself. A phone from fifteen years ago looks almost contemporaneous to a tv camera from fifty years ago. But it wasn't that long ago before. The arrival of the iphone seemed like nokia phones. Proudly designed in finland would continue to be ubiquitous. Everybody had an care phone at some point and that all the movies were. I remember when the matrix came out and they had they had their their phones and everything that it was like It was everywhere. And i think we're sort of still in that mind frame. Even though nokia has kind of declined from that but the way the museum approaches the gulf between past current and future technology is fascinating..
Even Google Thinks Sideloading Apps on Android Is Horrible
"I stop actually. This came as kind of the second batch of revelations the first batch of revelation was that apparently google also doesn't think side loading is the best experience on android so that was the first major revelation to come out of this court case but then also like the most obvious thing that can come out of anything is like of course side loading the best experience. I'm sorry that was just super obvious. A yeah but i think the reason that came out is because they were using that as an argument for why epic should not put you know. It's it's fortnight game in its own little styling apps for situation it should go through the play store because that would be the best situation Well google has other ways to that It likes to compete. It pays device manufacturers to play nice so lg motorola and hmv global which is behind nokia. They're part of what was revealed to be called the premier device program. Now these premier devices there are basically mandated to make google services the defaults for all key functions of quote unquote that comes directly from the document which by the way the pdf is fully hosted on my article on gizmodo dot com. Anybody wants to go read through. I think it's like seventy pages something something long. It's long but basically this mandate me. If you're manufacturer it's part of this mandate you have to have ninety percent of your devices adhering to this premier device program so that means blocking apps with the ability to install. Pk's on the device except for the app stores that are designed for and it and managed by that respective manufacturer so for instance like the samsung galaxy. App stores would not You not go against this clause or lg had one. I kind of forgot that they had their own little app store that they put on their devices
"nokia" Discussed on Daily Tech News Show
"Let's start with a few things you should know. Writer sources say. The european commission will present legislation next month to establish a common charger for mobile phones apple. Samsung wa wa and nokia previously signed a voluntary memorandum.
"nokia" Discussed on Channel 52: The DC Podcast
"Vic. Whimsy maybe q but yes but it's a what do we get any women except for the heels x. Okay those you like her thickness us see exactly I like the youth of lake The way that they don't put too much in hannele they just let things come into razor laser focus Like the whales especially like. I thought that was really cool. How they did that. The red it's it's like the the red backdrop is really nice. I have do you wanna do synopsis or do you wanna go through the just go through this at the. There's actually a synopsis. wait a minute. There's a synopsis for this out since as well actually no. I think it's actually a little longer than that. Okay let's do it then all right but i was just gonna say i just want to mention that first page because oh my god i mean well this kind of topic with this point ito fat. Check it out those goons and he's all of a sudden you do see plastic may say. Hey big boy. Show me your pap. Nokia will show you. My pat gave that. That's you stop. Harvey rob like almost twenty years before for tonight i was still like rob. The two thousand.
"nokia" Discussed on The Confessionals
"Like like calmly but sternly on on the book. I was looking through all right saw so i looked up at him. And he says Says you're not gonna find it in there and says or must have had to look on my face like like how you know somethings. I'm just looking at him and it's kind of like a moment of silence in our eyes are locked. And i said whoa. Whoa how do you know. I said something like that. And he says this. Is this a strange man. He says an in at the time. I didn't even know what this was But somebody like utah near. You probably will know what this is right away. Because i had to in a later on found out about this but anyways he says i won't find it there is He said it's it's a nokia. And i never heard of that before so you know you know what that is. Well it's i know. I'd never heard a nokia in Did he did it. Is it like a derivative of the word and akin I don i don i. It starts with the e. it's e. n. O. c. h. i. n. o. Hosting are you talking about. Oh you said inoki. In as an e. n. o. c. r. c. h. Like enoch yes yes. Oh yes. Knock in got. Is that what. It is inauguration. Yes yes that's what. I was oblivious. Yeah i that's like I'm not trying to shift gears or or even like get you off track or anything that i want you to the knocking language is it's like it's like a cultic or In djelic kind of like. I don't know much about it but it's four like I i. I'm going to butcher. But i know i definitely have heard of this. And it's it's really secretive kind of language right sense. I have researched as much as i could. So i kind of have a grasp i think what it is But but at the time. When i did and i just looked is were locked and And he knew that he had to answer me. Because i didn't know what he was talking about a I.
Bragi CEO Nikolaj Hviid on the Next Frontier in Personalization
"Looking back at the time fifteen twenty years ago when we had newspapers of radio and and the way that we consumed if nation was absolutely not personal like dissociation. Boss have fast. I'm flipping through the newspaper at the age of of nokia of having a single app. That does everything like snake. Was the only game you ever needed. So it's a logical process in the missiles space. You have created personal station. You go to google you search for something you'd be presented with outcome you're being presented with us -ment with things might like and the same process what happened for audio obviously so rather than just having snake of course people to have more games more services more steaming soon as more information and they also want to have information. It's always talk radio. They want the information that they really want to hear. I want to hear about by munich. But i'm not the only one wants to hear about by munich. But it's very limited in the predation wants to about by munich. Someone wants the about chelsea. Someone wants to out american football. And which i don't particularly fancy because i just don't get it and i think that's very mutual football sarah south ables bass anyways but but having a personalized information just means that that it becomes more useful to me and and the same same step from newspaper to personalized information on smartphone will happen from talk radio to order bruce implying. Tom
LG Is Done Making Phones
"Electronics board of directors approved a plan to shut down the company's mobile communications business which makes it smartphones lg plans to fully close down the division by the end of july. Lg was in the cellphone game long before the rise of smartphones. You may recall making high end feature phones like the l g chocolate and lg prada in the mid two thousands. The company was fairly early to adopt android releasing. Its first device with the november of twenty two thousand nine and becoming a partner with google on well regarded nexus devices like the nexus. Five the next six and didn't next five axe but the company's mobile division was unable to generate a profit in recent years with operating losses of over five trillion one that's about four point four billion. Us dollars since two thousand fifteen counterpart research estimates that in q three of twenty twenty l. Had one point nine. One percent of global market share not a big market share. Some analysts blame a lack of leverage over chip supplies is one of the contributing factors to lg to the to the lg mobile handsets demise also elgible continue to develop mobile technology and other areas like six gene it will provide service support and software updates for existing products over a period of time. And we wouldn't be too surprised if the name is licensed to another manufacturer as has been done by nokia and
LG to Stop Making Smartphones After Years of Losses
"The South Korean firm had been looking for a buyer for its phone business. Algae is the third biggest in the U. S, with 10% of all smartphone sales marketplaces, Erica Barris reports. Less than 10. Years ago, L G was one of the top three smart phones out there. But the company has suffered from software and hardware issues such as a foldable phone that fell apart. Algae has had nearly six years of losses. That total around $4.5 billion as losses piled up. LG attempted to sell part of the business, but that fell through. In a statement, The company said its decision to leave the quote incredibly competitive mobile phone sector will allow LG to focus on other areas such as Elektronik vehicle components. Smart home devices and artificial intelligence. What does this mean less competition When it comes to smartphones, it'll further open up the market for Samsung and Apple. Other device makers like Nokia and BlackBerry have also given up making smart phones over the years. America. Barris for Marketplace.
"nokia" Discussed on Christoph Trappe: Business Storytelling Podcast
"Level of integrating brand personality. I suppose in the in the spoken word as opposed to the written word. Yeah and like that it that i can imagine that that is a challenge for somebody like you who has a really authentic personality from yourself to try to adapt that certain about put. You're putting up new barriers. You're doubling down on sort of new tones it when it comes as we do that too like we work with nokia and we work with like financial management firms. That's very different than my own personal altogether right you know when we're working with nokia. There's like a geeky technical eliminate that we're talking about geeking out over digital twins future a doubling down on science almost but it's also a b. b. company so.
Nokia to cut up to 10,000 jobs worldwide
"Nokia says it's planning to cut between five thousand and ten thousand jobs over the next two years says part of a restructuring plan to make it more competitive in the five g equipment market. The company said today that the cuts would reduce its workforce by as much as eleven percent and lower cost base by around seven hundred million dollars. The savings would offset investments in research and development among other
Nokia to cut up to 10,000 jobs to ramp up R&D in 5G race
"Nokia says it will cut up to 10,000 jobs over the next two years as part of a restructuring plan to cut $715 million. The Finnish telecoms equipment maker says those cuts will allow the company to focus on developing its superfast fi G equipment. Company in a race with Ericsson, in what way lost out on a major horizon contract in the U. S in the last year, and it has made inroads into the Chinese market. Nokia says the cuts which are about 11% of its workforce, will affect most of the
Did America's CEOs Know About Covid Before It Hit?
"One of my listeners and patrons asked me a question about what I thought about Jeff Bezos stepping down from Amazon. I don't really know. I don't know, but it does follow with all the resignations of major brands that we've seen in the last year and a half. I know that last summer there had been like 1300 CEOs from massive corporations throughout the world that stepped down from their position in the preceding 12 months. In January alone, there were 200 chief executives vacated their comfortable positions. And they cashed in, obviously, like they all do, but they left. And these local businesses either. This is Nokia, Microsoft, Lockheed Martin, L Brands, LinkedIn, match, Hulu, Tinder, groupon, Disney, Harley-Davidson, Mastercard, Nike, eBay, you get the picture. The list goes on and on. Why are they doing this? It's not that uncommon to see top level dudes step down when there's a recession. That happens, but shit got crazy in 2019. A lot of these companies saw like insane stock market highs. The economy was booming. I mean, Corona was just a beer. It had nothing to do with the virus at that point. But this type of mass exodus that didn't happen even in 2008 when the whole fucking bottom fell out. What the financial crisis and then the subsequent recession didn't happen then. So it doesn't make a ton of sense for a guy like me to put two and two. I don't really understand why it's all happening. Because most of these high powered dudes left before coronavirus went all across America. Last march. Some of the theories that are making the rounds, you know, like Jeff Bezos, if he didn't leave when his dick pic was circulating, I don't know why he thinks this is a better time. I don't know anyone cares. These guys have enough money for ten fucking lifetimes. They don't care about us. Don't care about them. But the first and most obvious possible reason is that some people think these executives might have been tipped off by friends in big Chinese business that a virus was about to hit U.S. soil, a very debilitating pandemic. And it was going to hit America hard. Some people think that news was spread out among big, big bosses.
Robinhood eases trading limits on restricted stocks
"Want to let you know we've been talking a lot about the retail trading frenzy here in the states focused on those heavily shorted stocks. It seemed to come a bit undone during the last session, but a short while ago on the Bloomberg terminal, We got a couple of bullet points for the trading platform Robin Hood markets. The firm still has limits for AMC entertainment and Game stop. However, Robin Hood has removed limits for shares of Express and Naked brand, along with Nokia. So in some cases Restrictions that had been in place have been lifted.
How To Leverage the Power of Outsourcing Through a Network of Referral Partners With Brad Wales
"One of the skills that you have in one of the powers that you have is is creating a network a deep bench of referral partners that you have already vetted in order to help that adviser after they transitioned. Ria be able to do the things that they want to do. And you and. I talked about this a little bit when it came to marketing right so a lot of people are leaving and wire houses because they're just so tired so tired in especially brother now with this new ruling right oh my gosh testimonials and all of the things that we're going to be able to her finely doing as an ra that's really powerful. How do you find referral partners. And what do you do to that them to increase your confidence so that when you make that referral you know that they're going to do. Good work for your clients a deep bench as you said because as part of my value proposition is helping advisors figure out a whole number of possible solutions. That that they're going to need they go down a path of perhaps the a model and so some of those some of those contacts were just built up over my my years and years and years in the industry and they they came through whatever circumstances than others. I've i've specifically sought out either to kind of deepen my bench or to or to fill a gap in that in that. That's always an interesting exercise and that will forever be be something i'll do because something else will come along and nokia. There's a solution. Maybe we need for that. And it's an interesting exercise. Because i had people that just have not been responsive to me and i can out region out and i know there's a lot of people that are always some sales pitch and so sometimes someone misinterpret while you're reaching out to but that but when i'm reached out in more eloquently but basically and hey i might be in a position to send you referrals asking for any compensation in return. I just would like to learn more about your platform. And and even when i present that some sometimes people either are slow to get back to me or don't get back to me and i just think wow if they won't get back to to me when i'm kinda tossing him a softball how are they. How responsive are they going to be two advisers. I might send them. And and that's that's quite telling on the front end. I try to give people balance. The dow is a busy world. And maybe this kind of missed the first message but but you can kind of feel things out and mad. That's how you and i got to know each other. I just reached out to you very responsive and have a conversation after that and and here we are down this path. So i think it's that kind of initial thing and then just really feel and people out in in once they know. Hey look. I'm not. I'm not trying to sell you just trying to be a good partner here. And what kind learn. And then it's interesting because without even trying you're setting upper a situation where they're gonna reciprocate in the long run without me even asking for a by the way. Could you keep me in. Mind it it just naturally works out when you're when you're looking to genuinely help someone else out perhaps with referrals. It comes back to you as well as you were saying that i was thinking back to when you and i met man of course is for all virtual and it was on linked in right i remember looking at your stuff and watch some of your videos and the first thing that i thought to myself is. This guy's not trying to hawk stuff. It's it's value value value expertise value right in. That's what i fell in then the minute we got on the phone. Just the alignment of a of values. Right i mean. And i'm not talking about deep philosophical values. I'm just talking about business. Core business values. We were in line. And so i was just out of call brad. This is funny was just on a call with an l. p. o. Rep yesterday. Sales call. And i had bad news for right because we have not had the greatest success with l. p. o. wraps because of compliance right so we have nine podcasting tactics and and some of the tactics are bringing guests on an l. p. l. was totally against that we don't provide legal advice isn't frigging. You're not anyway. Whatever i'm not going to get there. And so i was joking with this. It's a father and tucson office and they're they're in western illinois. Hi said well. Hey guys this could be the reason why you guys leave l. l. and you know Start your on our a. And the youngest son the youngest who's been actually with affirm the longest smiled and said well you know that's a conversation we had bam brad's name popped into my head and i was like. Hey guys when. You're ready to do this. I got somebody for you. This is what he does. And you've stayed top of mind one. Because of the fact that i actually do trust you secondly because you have a very narrow focus which means that. I know that you're gonna do what i would refer people to you for but at the same time you have helped build a relationship with makes that referrals a lot easier to to go back and forth and i'm not gonna flood you with new clients as you're not gonna flood me and that's not really the point because as we deepen our relationship we are going to know exactly who you're looking for right so everybody here at problem is gonna know okay if we come across this person. They're the person that we refer to to. Brad right and you're going to be able to do the same thing with us when it comes to outsourcing. What is the number one thing in your experience. In working with financial services professionals that is their biggest obstacle or the biggest category of outsourcing. That if you could wave a magic wand and takata which everybody would outsource this. What would that be at that. You were going to say what. What is the biggest challenge for the person to appear on my radar. So i did separately. You answer that answer this first one and then we'll go back to that one. As far as what my number one. Category of outsourcing. It is quite wide. In the reason i say that is. That's part of why my value proposition exists. Because unfortunately in this case of help advises with if you want to transition into that aura model. Unfortunately it's not just one or two vendor types that that you you need to work with. Its compliance folks marketing. Folks it's technology folks it's custodians. It's back office folks. it's it's all these different vendors and so certainly some are more bigger decisions if you will. You must must make decisions that nice to make decisions kind of thing. And and so that in my world. That's perhaps your custodial partner that that's a big one. That's really going to move the needle. The other end of the spectrum is dozens of different technology applications. You could use you know maybe that. That's the last little piece that adds one little bell or whistle is that's not going to be as pivotal but it still might be important to you. So even something as simple as someone sees that. I use callan lee on my website of how people arrange a conversation with me in the grand scheme of things. That's that's a pretty minor vendor compared to a custodian but yet it's a very powerful tool nonetheless that i think any industry people should be thinking of it. Certainly in the financial services industry is a way for people to get a hold of so. Let's let's talk about people getting on your radar. People are listening to this. And they're like. Oh my gosh. I'd love to refer some business spread. Who who who are the ideal people i mean do you. Do you love working with the wirehouse transition or d transition. Or what what is your. What is your favorite as far as the people come to me. They're seeking out my services. It's primarily anyone again that's interested in that ra model. There isn't an interested because a lot of folks just simply haven't even dip a toe let alone learn let alone be and not use baseball analogy in the fifth in kind of that education process and so in many instances that is wirehouse folks quite often. That's independent broker dealer folks for for the example you gave. Unfortunately there are some constraints even that independent world that that you can perhaps be free of a net or a model. The evan talked to a fair number of people that are. Add an existing. Ira that's not the rhone that they've kind of outgrown that opportunity in wanna launch off onto their own or as well so it's it is it does run the gamut but primarily the more the more pain points you have now and the bigger that gap is to the promised land is where the opportunity is so so something like a wirehouse adviser both from economic jump and a flexibility jump is just a significant advantage. That makes it appeal to have that kind of
Robinhood Reduces the Number of Stocks With Restricted Trading
"Over the weekend. Robinhood announce it reduced the number of companies with trading restrictions from fifty two eight opening new positions on game stop. Amc entertainment blackberry express. Genius brands costs naked. Brand group and nokia shares is still limited. Robin hood said it. Put the limits in place. Efforts clearinghouse deposit requirements for equities increased last
The Battle of Wall Street
"Aim retailer game. Stop has been having quite the week on wall street. Thousands of small investors were buying up stock and driving up the market value of the company. These investors were gathering in places like the wall street bet sub reddit and targeting shortsellers by buying with calling meam stocks while game stop was a current beneficiary of this plan. Other companies like blackberry and. Amc have also been brought up. Sending shares soaring the ups and downs continued even as some trading sites and apps had restricted transactions of and. Amc robin hood. Which is a popular investor. App prevented customers from purchasing more shares of a lot of companies but because of the backlash they're allowing limited buys now for more on the crazy week. That game stop has been having on wall street will speak to james sarah wicky columnists for the online business magazine. Marker just see provide some context that game. Stop fifty two week. Low was to fifty seven cents. So you can do the math there. Perhaps even more mazing ingley gauged up ended. Twenty twenty. I think the stock was at eighteen. Eighty four. so that means is I think around nineteen hundred percent this month and gain has come in the last in the last week it really kinda exploded beginning last friday so as you said the core of the community that has kind of driven. The stock upward is centered on a sub. Reddit called wall street debt which is actually a huge it so it. Now i think has more than two million subscribers. Obviously it's got a lot more subscribers this started but even before that it was it was very big and it's a very sort of read it like community. It's a point of people talking to each other telling jokes making fun and one of the kind of stock that they've been very interested and over the last. Let's say six months to a year. They've tended to focus on chief stocks so stuff that oftentimes the price and the single digits but that they have relatively small overall market capitalizations and then oftentimes stocks. That are being down stocks that you could theoretically make a lot of money. And if they sort. Of rebound i mean. They're obviously interested in tesla and the some of the more hype stocks. And they're buying like blackberry and amc movie theaters which there have been suffering throughout the pandemic. So these are just some of the other ones that they've been getting in on his well exactly and so idea means of mean. Stock is pretty new. I think the term really only emerged less than a couple years ago. And i started off left summer when we saw some really crazy movements in hertz. Which even though. It was bankrupt. Suddenly site stock skyrocket last summer and then kodak with another example. I don't know if you remember. But there was this sort of weird moment when i honestly can't even remember the details of the story but there was this news that kodak was somehow going to be involved in making cova drugs and sex talk when sorta spike as well and the mean. Nothing really started to take off in sort of the end of twenty twenty. And now obviously this month is really when it sorta come into. Its own as you said he didn't stop is by far the most prominent of them because of just how crazy the action in that stock has been. There are now a host of other ones. So as you said. Amc theaters which today was up three hundred percent blackberry which was up like thirty percent today. Which money by these standards is a tiny game but if you think about thirty percent that's pretty huge nokia so a lot of these things so the key to this story i think is that what's happening in me. Stocks and. let's talk about game stuff the keys that what's happening is it's not like a kind of traditional stock market bubble where people are just kinda rushing in to buy stocks because they see other people that are buying them and they think oh. Those stocks are going to go up or they think i'll be able to dump the stock on a greater fool or they become sort of hypnotized by the promise of the internet like happened in the late. Nineteen nineties or there have been many little bubbles in wall street history. My favorite one is in the early nineteen sixties. Investors became convinced that every american was going to end up going bowling like three or four times a week and so there was this huge in bowling stocks. This is very different from that. What happened on this. It on the sub reddit was that people recognize. That game was not just very cheap and had a relatively small flow in other words. There aren't that many shares outstanding but they also realize that a huge percentage of that float so by some accounts all of the shares plus them. We're being sold short by shortsellers. So short sellers were basically betting the game stops stock was going to continue to fall. And the reason that's important is that when a stock starts rising sharply if it's been heavily. Shorted what oftentimes will happen. Is that short. Sellers will have to buy the stock back in order to the phrase on wall. Street is cover their shorts. 'cause they don't necessarily want to keep their short as that stock. He's rising because if they do every dollar rises another dollar they've lost and so if shortsellers can't take the pain they buy the stock well when shortsellers vice stock that obviously helps push the price higher so if there are more people shorting higher above them. Who maybe don't you know that sends the price higher that there are four shortsellers were getting pain inflicted. They say okay. I can't take the pain. They buy the stock
Robinhood restricts trading in GameStop, other names involved in frenzy
"A war of words raging between big and small Wall Street investors sparked this week by that game stop trading hold that seemed to squeeze out the little guy on the trading platform. Robin Hood. Robin Hood put restrictions on Thursday. So that means the people weren't able to buy those volatile stocks like Nokia. Like AMC like BlackBerry, They've eased those restrictions. Not completely but they have since then. And yet so many people are furious. People are so angry that there's two class action complaints filed against Robin Hood. You have two probes coming from Texas and New York. They're looking into those massive market swings. The SEC just yesterday issued a stern warning, and they said that they would be looking into the swings and checking for any type of market manipulation. Fox business is Kristina Prints Annapolis reporting. Robin Hood says the decision to hold the purchasing of game stops stock will Based on market
Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock
"By security researchers at qualis two weeks ago. The bug would allow attackers who've gained access to a low privileged account to gain root access. Even if not listed in the apps can fig file the bug impacts almost all pseudo installs and was introduced into the apps code july twenty eleven into launched. Its first z. Desktop graphics offering three four k display outputs with hdr support and support for decoding eighty one content these cards will have four gigabytes of memory and eighty execution units available on prebuilt systems from system integrators. This is intel's first desktop graphics card. Since the intel i seven forty series released in one thousand nine hundred ninety eight. The stock trading app robinhood plays trading restrictions on several stocks this week including game stop. Amc blackberry cost nokia letting users close or sell positions but not by new shares on january
"nokia" Discussed on Newsradio 970 WFLA
"Gamestop 52 week low was $2.57. So you can do the math there. Perhaps even more amazingly, J stop ended 2020. I think the stock was at 18. 84. So that means is up. I think around 1900% this month, and I noticed, too. That game has come in the last in the last week. It really kind of exploded beginning last Friday. So as you said, the core of the community that has kind of driven this stock upward. Centered on a subreddit called Wall Street best, which is actually a huge subreddit. So it now I think has more than two million subscribers. Obviously, it's got a lot more subscribers since this has started, But even before that, it was it was very big, and it's a very sort of read it like community. It's a bunch of people talking to each other, telling jokes, making fun. And one of the kinds of stock that they've been very interested in over the last. I don't know what say six months to a year, they've tended to focus on cheap stocks so stop that often times the price in the single digits, but that they have relatively small overall market capitalization. And then oftentimes stocks that are being down stocks that you could theoretically make a lot of money, and if they sort of rebound I mean, they're obviously vintage didn't test line the some of the more high p stocks, but they're buying guys like BlackBerry and AMC movie theaters, which they've been suffering throughout the pandemic. So these are just some of the other ones that they've been getting in on his well, exactly. Exactly. And so you have means of mean stuff is pretty new it I think the term really only emerged. Lesson a couple years ago, and it first started to take off last summer when we saw some really crazy movements in her, which even though it was bankrupt, suddenly side stop skyrocket last summer, and then Kodak with another example. I know if you remember, but there was this sort of weird moment when I honestly can't even remember the details of the story. But there was this news that Kodak was somehow going to be involved in making covert drugs. And Kodak stock went sort of spice as well. And the means that he really started to take off in sort of the end of 2020. And now, obviously, this month is really when it sort of come into its own. And as you said, in stop, is by far the most prominent of them because of just how crazy the action in that stock has been. But there are now a host of other one. So as you said, and the feeders, which today was up 300% BlackBerry, which was up like 30% today, which planned by the standard is a tiny game. But if you think about 30% that's pretty huge Nokia So a lot of these beings out there, So the key to this story, I think is That what's happening in these stocks and let's talk about James stop. The key is that what's happening is it's not like a kind of traditional stock market bubble where people are just kind of rushing in to buy stocks because they see other people are buying them and they think, Oh, those stops. They're going to go up or they think I'll be able to dump this stock on a greater fool or They just become sort of hypnotized by the promise of the Internet like happened in the late 19 nineties or there have been many little bubbles in Wall Street history..
AMC, Nokia and other "meme stocks" targeted by Wallstreetbets
"On Wall Street, and you know, for example, stocks like game stops, stock and and BlackBerry stock. And what is an AMC stock? All these different companies? There are $5 a share and then they're explode. I think Gamestop got upto like border and $80 a share. Now it's among their among a handful off previously. Wow. Unloved companies. Maybe you could put it that way is the New York Post. Put it today. Prices, air fuel, Then you've got these big hedge funds. The big hedge funds they charge for every trade if you buy or you sell this those commissions associated with those trades, But there are other places where people trade read, it would be one of them. And so what? They have figured out there's a process on Wall Street, and I'll let Steve Moore explain it more detail and more articulately than I can, where it's part of the process of Wall Street, where the shortest stock And that is that they're going to predict him. Bet that the stock is going to go to a lower price anyway. Long story short to do that you actually borrow somebody's real stock, and they get a piece of the action so that you can then short it and then at some point If, in fact it goes down. You get the difference in the price and other words, you're betting on it going down big big practice on Wall Street, especially used by the hedge funds anyway. So these independent small guys got hip to what has been going on in the millions of millions of dollars being made by these big hedge funds. Billions actually. And they figured out that they were actually shorting stocks that weren't even like phantom numbers. Like for example, they were shorting well beyond 100%. Of all the stocks that were ever even available in some cases, 140% And the idea is is when the call comes for these big hedge funds that had shorted the stocks because the little guys have banded together. And coordinated an attack against them. It all backfires and they've got to cover. They've gotta cover massive amounts of money that they never thought. What happened. It's pretty fascinating. Anyway, Um, my buddy
An Attempt at Breaking Down the GameStop Situation
"I'm the dreams as the Esports minute for me Sports Network. So a lot smarter people than me have explained the situation, but I'm going to give it a pretty short explanation. But please go look for better ones. And first of all, I'm not a financial advisor. I just like the stock. I think most people have seen the meme GameStop stock. Oh absolutely nuclear and value along with some other stocks that had big short positions taken out on them a short Mission put simply is the ability to borrow a stock and sell it with the goal of buying the stock back later with the cost reduce and then returning the borrowed stock. It's effectively a bet on companies a going-out-of-business or at least continuing to decline. That's why the names being thrown out today are companies on the decline GameStop AMC Theaters Nokia Blackberry Etc wage. Some hedge funds would absolutely stupid with these short positions. Sometimes taking out a larger position than actual stocks available. You know classic Wall Street stuff one. Such firm was Melvin Capital took out a massive short position primarily on GameStop, then Wall Street bets erratic Community filled with people from a wide variety of backgrounds. Each independently made the choice to invest in GameStop orchestrating what's known as a short squeeze from there. The stock price goes up as firms like Melvin Capital have to cover their losses by buying more stock and the end result is a staring contest of sorts with both sides trying to out hold the other one. This is again super over simplified, please go search out better explanations of what's going on to the one I'm giving right now. This has been happening over the course of the week. But yesterday on Thursday it became even more complicated when Robin Hood decided to freeze trading Robinhood is an app that brand itself as a place to democratize Trading. Bring in retail Traders and allow everybody to get a little piece of the stock market. They even named themselves Robin Hood after the famous character that stole from the rich to give back to the poor. Well, one of the big backers of Robin Hood is Citadel who's also a backer of Melvin capital and when push came to shove Citadel forced Robin Hood 2008 trades Robin Hood still claimed his allegedly. Allegedly Robin Hood still claims. They did this because of the volatility and to protect their users, but it's pretty clear that out of the stocks all froze at a pretty suspicious time to the point where even and Ted Cruz two completely opposite sides of the American political Spectrum both were calling out Robin Hood and calling us today. She's into it. So there's some shady stuff going on here. But what happened yesterday with people unable to buy it the price started dipping, although not really back to Earth. It didn't crater like one would expect. Free this entire ordeal as I write this with markets closing on Friday afternoon. GameStop is right around $300 a share AMC is around $13 and blackberry is 14000 of those numbers represent massive jumps from where the stock was a few weeks ago, but solid declines from Peaks reached over the last week right now. We are in basically a three-way standoff with hedge funds retail investors and then the giant question mark of government regulations and trading platforms. If Government Regulators decide to step in if trading platforms decide to shut down even more true that's going to have massive impact on what happens here. We really don't know how this is going to play out. And anybody who says they do take them with a grain of salt. I say that as someone who has some am seeing a little bit of gme and some Dogecoin in his portfolio. But still please be careful. Don't invest any money you aren't able to lose also another word of caution. Don't fool. This is entirely a David V Goliath situation here. Wall Street is very smart. And there are a lot of firms not named Melvin capital or Citadel some of those firms were already long on GameStop many others saw what was happening and took out big positions. So while this has often been framed as Wall Street vs. Reddit that's not entirely accurate but for retail investors their choice might actually be a bit of a silver lining because what it means that the deck is not entirely stacked against you plenty of uber rich people have a lot to gain from this short squeeze as well. If it was all about money versus a bunch of people on Reddit. Well, I think history tells us who's going to win that but there's a lot of money on the GameStop side too. So who knows how this is going to play out wage. It's important to recognize that all the billionaires who are tweeting out their support. I'm looking at you Elon Musk and Mark Cuban might not be doing that entirely for altruistic
Markets Hit Amid Reddit Rebellion
"S. and p. five hundred tumbling just under two percent today. The dow down more than two percent today was the first time the dow is lost more than two percent on a friday all the way back in early june of last year overall. This was the worst week for the markets since october. Many of the biggest of the big getting just a little bit smaller today investors selling. What's salable maybe to raise cash apple losing nearly four percent today. Download and five percents. This week tesla microsoft. Facebook others also getting sold off. Perhaps the reason smaller trader banding together online bidding up from the stocks that big hedge funds or betting will fall and though this is largely being sold as the little guy taking down big bad hedge funds. Steve grasso there is of course some of that but like most stories. It is not quite that simple because it appears what began as this reddit. Rebellion against a few. Highly shorted stocks. Now might be infecting other more macro parts of the market that mom and pop invested in wondering what the heck is going on brian. It's a that's a great way to put it because if you look at it. We're talking about a handful of stocks with high short interest and the rest of the market has fallen out of bed but think about how many people own stocks think about the pension funds. Think about the teachers pension funds. Think about police officers. Think about firemen think about the average joes out there who i consider myself an average joe. I just happened to be in the market. Think about all those people that have their money. That aren't on wall street. That aren't making money at a big bang. That are making money in an institution not a wall street institution. They own stocks too. So i have to figure that their pension funds and the way that they are in the market whether it's a mutual fund or pension fund is not top. Heavy in game. Stop is not top heavy. Amc so this is the average person in america that is probably getting the majority of the brunt of this hit when we see a handful of names create margin calls air. Think about this brian. If you're a short seller right so a hedge fund has shorts. they have longs and they're hedged. So if you have to take down your short then you have to sell your long. If you're selling your long it could be apple. It could be facebook. It could be microsoft. It could be any one of those bracket names. Because as brian again. I'll go back to you. Steve before barbara. That's how this is playing out in the broader market. This is why it matters. It began as sort of a curious little corner of the market where we're looking at game. Stop an amc and even blockbuster and blackberry and nokia and these stocks but to your point and sort of explain it steve. Since you are an average joe in an average joe way which is if you're wack in the hedge funds which by the way. Nobody's feeling sorry for him. Because they all stupidly piled into the same stocks that appears with one hundred and thirty percent short float margin on at least gain stock if not others but now to raise money. They may be forced to sell what they can. And also steve. I want you to come on this. We got to be very careful of how he framed. This robin hood started limiting orders on a couple of stocks as we just heard. They're limiting purchases to one share. One share what a joke on and e- starbucks and others. It is not just these heavily. Shorted names this is starting to bubble up as a bigger market story and one wonders where it goes.
GameStop, AMC End a Wild Week
"It's been a roller coaster. Ride for game. Stop an amc stocks this week and shares shot up again today. After some brokers loosened restrictions they'd placed on trading game stop. An amc both bounced back more than fifty percent closing at three hundred twenty five dollars a share and thirteen dollars and twenty six cents a share respectively. Meanwhile broader markets were down for the day and for the week the dow and the s&p five hundred each fell more than three percent their sharpest weekly decline since but the nasdaq had the worst week of all three indexes down three and a half percent our markets reporter kanatani has more. This was a weird week for markets. Maybe one of the most bizarre weeks we've seen in quite some time because while there was a fair amount of volatility in the overall stock market. All of the attention was really just fixated on a handful of stocks that have been just absolutely ripping higher. Thanks to sort of promotional campaign on social media So things like game stop. Amc nokia blackberry. You know really businesses that a lot of people have thought about seriously in quite some time. I'm they've all been doing incredibly well. And that's been in large part due to this sort of social media campaign we've been seeing on places accredits wall street beds and on tiktok and and on twitter and you know of course. There was a lot of drama involved with that. I mean even in the last forty eight hours we saw increasing number regulators and lawmakers expressed concerns about brokerages installing some trading curbs briefly and there were questions about whether what was going on. Rented a amounted to market manipulation. Questions about whether what we were seeing was a sign of just you fauria and potentially dangerous for the broader market. So i think it's going to be very interesting to see how these developments continue to play out in the next week because it has only been a couple of days and in a sense We could see a lot more developments unfold.
Robinhood CEO speaks out after GameStop stock chaos
"Robin hoods roller coaster ride and a new interview from the company's ceo. Trying to slow things down. The popular free brokerage app has experienced unprecedented high volume of trading as well read it reading retail traders pile into a few highly. Shorted stocks in a move organized. In part on the irreverent wall street bet sub reddit. The volume was so overwhelming and companies. You've been hearing about maybe again after a few years game stop. Amc blackberry and nokia but robin hood suspended trading in those stocks on thursday. Wow the reaction to this move was swift and surprising both congresswoman out of cossio. Cortez and senator. Ted cruz found themselves on the same side of an issue. Both tweeting that robin hoods moves were unacceptable and at the expense of the little guy investor over the hedge funds feeling the squeeze when stocks they shorted suddenly shot up a thousand percent in the legend. Robin hood stole from the rich to give to the poor so this was a confusing metaphor yesterday for everybody. Robin hood said it was a risk management decision to protect investors the markets and the firm. The company has to deposit money to a clearinghouse based on the volume of trades. And they feared they'd be unable to meet the anticipating deposit requirements now. The company's ceo joined our andrew. Ross sorkin of squawk box just earlier this week on the power of retail investors. It is a huge time for retail investors. Check your feed for that conversation and then take a listen to this one done just two days later. When the company was dealing with the anger of the robin hoodies they're typically younger users and trying to raise money through credit lines to ensure it had enough capital to resume trading on these volatile stocks. Here's andrew flat. Ten of is with us right now and we appreciate you joining us on a day where there are so many questions there are frankly as you know a lot of angry customers out there and a lot of questions about what took place in the decisions that you made to limit so many your customers ability to buy stocks like game. Stop questions about whether you have a liquidity problem. Whether you're trying to protect them from themselves whether citadel did this explain what happened today. Thank you for having me on the show again andrew. So what happened. Today was as you pointed out. We had to make a very difficult decision. It's been a it's been a challenging day. We made the decision in the morning to limit the buying of about thirteen securities on our platform so to be clear customers could still sell those securities if they had positions in them and they could also trade in the thousands of other security is on our platform so it was a difficult decision. And that's what we had to do as part of normal operations but explain. Why did you do this. What did the call you and tell you you had to do this. Was there a problem inside. The company in terms of liquidity in terms of the demand deposits. The you had to put it in front to the exchanges. What led to this sure and let me let me explain exactly how this works. First of all i want to address some of the misinformation. That's been out there. There's a lot of a. We absolutely did not do this. At the direction of a market maker or hedge fund or anyone we row to or other market participants. The reason we did it was because Robin a brokerage firm. We have lots of financial requirements including sec net capital requirements and clearinghouse deposits. So that's money that we have to deposit burying clearing-houses so some of these requirements fluctuate bid based on volatility in the markets and they can be substantial in the current environment where there's a lot of volatility and a lot of concentrated activity in In these names that have been going viral on social media so we're really in unprecedented times and in order to protect the firm in protect our customers. We had to limit by in these in these stocks in to be absolutely. It's ahead but it sounds to me though that you're suggesting that there was a liquidity problem inside the firm and my question about that then raises all sorts of new questions about whether there's a systemic issue underneath the system and underneath the company unto itself. No there was no liquidity problem and to be clear this was done preemptively so we did this. Proactively in thousands of whether securities remain tradable on the platform customers that held these positions. Were able to seldom in. We're doing what we can to allow a buying 'em to remove these restrictions in the morning but also You might have seen robin hood has been the number one app in the in the store overall so we have seen unprecedented interest due to the fact that finance has been culturally irrelevant in a way that hasn't been before and these stocks are going viral on social media. And i think it's really interesting to juxtapose against some of the other questions that we've been having a before this of course robin For everyday investors from the very beginning with stood for investors opening up access and giving them the ability to trade commission. Free in whatever they want a in. We've gotten a lot of criticism that you know. Maybe there should be more restrictions so it pains us to have had to these restrictions and we're gonna do what we can to enable trading test. How concerned should customers be though about the robustness of the system. If in fact what ultimately had to happen was you had to shut down. Access to buying these securities because of the deposit required. Well to be clear. This was the system working. We have the ability to restrict buying in symbols for a unprecedented market conditions. Such as this in to be clear we didn't shut down the system. We shut down by four of these thirteen stocks for the thirteen securities but customers that position could still sell and customers still could buy and sell the thousands of other securities on the robin hood platform. But when you look at the precipitous fall for example of game stop. Do you think that robinhood bears any responsibility for that. I can't comment on price. Action of of securities and probably would be inappropriate for me to do that in also. I should know rodman wasn't the only firm to restrain buying other. Brokerages have been restricting the buying and trading of these types of securities all week. And even today. Of course we get the lion's share of the attention since we've been the cognitive referring for retail investing in america but other other people are dealing with these challenges as well
"nokia" Discussed on Newsradio 970 WFLA
"Forget about game Stop AMC Nokia I'm just going to start by and scratch off tickets. That's what I said Yesterday. I was like, I'm just I'm here for the scratch off, so I don't have it in me to stress about the stock market, right? I just want to scratch the ticket off with my quarter. That's the most stress I wanna have. Because I'm seeing every day. I don't know about you both. But it seems like every day I'm seeing somebody in the area that's winning money off the scratch off ticket. You're right. My dad has recently How much 2000 Really? Yeah. Go him. Do you know how what ticket? It was like a $2 for? I think it's the $20. I think you've got to take a little risk. That's 10 20. I'm not telling everyone to do this, but you can win on the small ones. But if you wanna win significant money, it's usually the 10 to 20. And if you want to be crazy $30 ones If I'm spending $30 on a scratch off, it's because I just found $30 in the parking lot. Because has that happened to you know, but I'm not saying my own money. I want to kind of do it. Do what? Get a $30 scratch off if you if you have a little pocket change on the side, you won't have a little fun. Don't know bad drinking coffee for a week. No. There you go, and then you could buy it and you might be able to drink coffee for a year. Is the risk worth the reward? If you get me coffee for a year? Yeah, I don't want to give up bad advice. I'm a degenerate gambler. So I'll throw that out there to start with a preface it with that. I think it's a good idea because Like it seems like one out of three. I think it's one of the 3.3. Whatever it is, that's a winner. Now. It's not a big winner. But most of the time. If you win, you're going to win your money back. At least I'd be okay with winning my money back. Well, how about this? Would you be okay with buying a $10 Scratch off ticket? It's the 50. Times. Cash word scratch off game here in Florida. And winning $2 million. Yes. Yes, you would. I don't know why. I mean, really too much leave. I don't know why I waited for an answer from you as if you'd be like. No, I don't want it to 0.5 sounds a little better, but I'll go with the Oh, so this happened in Sarasota? Man $12 million. Here's why I'm kicking myself. I always look, I don't know if other people do this. Natalie and Katie always look to see the location, especially if it's in Tampa or Sarasota. We're on that all the time. To see if it's somewhere I might have gone because I do get scratch off tickets. Actually, a couple after cash in, I get on my scratch him off. I win, and then I don't catch him in. For what? Really? No, it's really ridiculous. Cause I just want the big winner. I just want to win money. Money. Yeah, it's not worth your trip to go back for 5 $10. They will. But not until I'm in like a pincher I want or on their whatever. So I Check the location to see. I don't know what it does for me, but I like to see it somewhere that I've never been before. But if it is somewhere I've been before I get mad. What if I was there at that time, and I think that exact time I should have been there could have been made, which is never the case, right? But this is the first time I've ever seen a location that I go to every am not kidding. Every time I'm in Sarasota, I go to this gas station because it's on fruit Ville, and when I'm leaving my parents place, I always need gas for some reason, and I always hit up that circle K on on Fruitvale, New York Tuttle. To get my gas. It's a little circle K So it doesn't matter. Like what the size of what the place looks like. You could win these anywhere. $2 million for going into the circle K that I could have been at on there all the time. That's really so I'm sad for you. Thank you. Would you give something like I was just talking about this with my mom the other day If I had one big on a scratch off you give some money to the person who sold it to you, Right? Like the clerk? No, No, because I love my gas station guy like he is the nicest person in the world. It comes out opens machines for me, so I would can I tell you? Why would you give it specifically to the guy or a girl? Um, if I like them, I guess he I love the gas station guy to the gas station. I go to all the time. He's the nicest man so I would give it to him. I don't know. There's some moody girls in the morning. Probably wouldn't give it to them. The store gets a nice commission off the wind s O. They get money out of it anyway. And now the specific and clerk the employee who gave you that You bought the ticket off of now, if you want to do something nice and Probably throwing 100. Yeah. I mean, I'm not saying I'm gonna give him like a big cut, but I'd show up and give a little something. Then there's everybody you got. Everyone's gonna come in here like I just after taxes. 1.7 million, which nothing That's definitely some money there. But it's not gonna change your will. Your world that wants to see me for a while. Really? I got a little extended vacation..
"nokia" Discussed on Kannaboomers | Cannabis for Wellness
"We don't want to bring the kids into the argument. But that's just not happening in canvas. I mean there's so many roles that Discouraged this can't be targeted for kids. Nor should it be you know. I'll though nokia should be allowed to with proper care..