Truncation of www.Timism.com\TimeBiz\Genesis\PressReleases\TwitterIPO.htm
Stop Twitter IPO
The more money Twitter makes, the greater its losses. Twitter's losses are rising as percentage of revenue. Twitter has lost over $1 billion since its 2006 inception. More smoke: On October, 22, 2013, Twitter arranged a $1 billion loan. Why would a company need an emergency loan?
The first line of the graph's article stated that Twitter's IPO filing "was lodged in secret in September and disclosed to the public on Thursday night."[September 30]. "Lodged in secret" That should tell the average person something smells like smoke. Reading the rest of the article confirms it. Whew! Where are the financial firefighters? The SEC? The President? The Federal Judges?
Twitter's IPO is another example of Insiders Phooling Outsiders who are guilty of decapitalism: Wall Street has hijacked the terms and tools of capitalism to do the opposite, that is, decapitalize production and decapitate jobs. Now, the reader may say that he is not going to buy any of Twitter's IPO stock. Wrong. All of America will pay for this. If you neighbor loses his job and suffers foreclosure, you pay by virtue of your house value declining. As America continues to lose its industrial basis because of decapitalism, we all pay even if we individually financially walk on water.
If there was ever a time to yell, "The emperor has no clothes!" this is such a time!
If allowed to go through, Twitter will enrich a few by stealing billions from gullible, sports-watching American workers. As was the case with TARP (where all players, winners or losers, were paid no matter what) the description of Wall Street as Las Vegas East takes on a new meaning. In Vegas, what you lose stays in Las Vegas. On Wall Street, what you lose is rewarded with a government-approved 10-to-1 payback. This is true of Twitter that has lost $1 billion and has been authorized to decree as a fait accompli that it is worth $10 billion.
History of robbing workers' pensions
If you think the Twitter IPO should be allowed, I have two bridges in Brooklyn that I will sell you for the price one.
The first lawyer to successfully file a
cease-and-desist stop-order in Federal Court to stop the Twitter IPO
will receive a warrant for 40,000 lifehour credits when that timestamp is processed.
A lifehour's dollar value is the average hourly US wage.
(Timism cashflow for lifehour buyback.)
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