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Author Topic: boycott shutterstock  (Read 16172 times)

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Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #75 on: October 12, 2021, 11:22 »
+1
The quoting got mixed and messed up, Martha didn't ask about RPD, I did. And I know she would never support or have any downloads on SS, as she left when they stabbed us.

Thanks, Pete, for clarifying that. Even I was having a hard time tracking my own comments through that long, muddled thread.

Sometimes people start typing above the [-/quote-] and then when re-quoted it's a worse mess. Or the upper  [-/quote-] gets removed somehow and all the origins are one off. Most of all, I didn't want you showing as posting what I did about SS.  :)

Anyway I look at it, I make less and my RPD is less, but I don't make 10c a download. I do dislike those 10c subs of course, plus I dislike the reset even more.

My view of the stock is, it's over valued. This is mostly owned by insiders and now and then Jon or Stan or one of the other executives, sells off a block. People forget that Jon took a salary of $1 a year (I'm pretty sure of that history) but received stock. Just like Stan gets a big bonus, in stock, for raising earnings. It's all magic numbers, but the point is, they get paid and others get bonuses based one stock, not on huge unreasonable salaries.

What's pushing the price up is the stock market are buyers who were too late to be in on the IPO. For years SSTK was valued in the upper $30 range, but was trading for more then that. Now that the corporation cut our earning to the bone, and can show more profits because they pay us less, more people who read reports and don't understand, will think this is growth. It's not growth, it's profit on the books by taking it away from the artists.

Stock prices are based on supply and demand, it's that simple. What people are willing to pay and what people are willing to sell for. There's no underhanded tricks from SS, just a market. Personally the stock is over valued for the future and stocks are supposed to be long term, not short. When the earnings aren't what people imagine they are and aren't growing like they expect, I suspect we will see an adjustment down.

None of this SSTK value is my business. I was waiting for the stock to hit $30 again, and I don't have deep pockets so what could I do with 100 shares. Sure if the price doubled I'd have $3,000 minus the taxes and fees, but I'd also have the risk. Who wants a risky stock at $100 a share, which makes the profit per dollar invested, smaller? When SSTK was $50 a share it was listed as over valued in many financial sites. Now for some reason it's Fair or Under valued. That's what drives investors.

I bought DraftKings the day it came out at roughly $19 a share. Everything I had to spare and still be able to pay my bills for that month. (I live at as close to zero debt, as I can. No credit card balance, no loans, cars are paid in full at purchase, exception is the mortgage.)  DKNG is up roughly 156% so I'm happy. SSTK can go to $200 or drop to $10 I don't care.

Doom's Day predictions are a dime a dozen. There is a guy in every main square prophecying that The End is Nigh.

Here's the visual of my opinion or Microstock in general, current situation and the future. The gold rush is over.



ps Oringer is already gone? He moved to Florida. "Over the previous yr, he and a companion have invested in additional than 100 high-tech startups, 10 of which Mr. Oringer himself co-founded." Down from 51% ownership in SSTK to 39% at the time of the article. I'd say he has other interests which are more important to him and he's not leaving... he's already gone.
« Last Edit: October 12, 2021, 11:25 by Uncle Pete »


« Reply #76 on: October 13, 2021, 11:11 »
0
The quoting got mixed and messed up, Martha didn't ask about RPD, I did. And I know she would never support or have any downloads on SS, as she left when they stabbed us.

Thanks, Pete, for clarifying that. Even I was having a hard time tracking my own comments through that long, muddled thread.

Sometimes people start typing above the [-/quote-] and then when re-quoted it's a worse mess. Or the upper  [-/quote-] gets removed somehow and all the origins are one off. Most of all, I didn't want you showing as posting what I did about SS.  :)


Thanks again Pete. You're a true mensch!


 

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