Investment & Investing

up 79%

87%

and 100%

so dfv now worth ~ $400mn, nice $200mn unrealised gain in a morning

and tanking !

Pre market still way up, 74% at moment.

Not that I want to get too drawn into the weird soap opera that is gme and dfv, but didn't he make about $30mil last time round? Now 3 years later he's got $180mil invested?

he's got $180mil invested

what's the exit strategy?

I wonder if he's got a load of investment to make a bigger/harder squeeze.

$150m is "down the back of the sofa" money to some hedge funds.

To return to some discussion a few pages back, I have been using snoop to pull in all my banking transactions and categorise them out to better understand my spending.

They have apis into all the banks i use and so far its been pretty flexible and easy to use. Even going so far as to support and predict regular monthly bills coming in.

I went for the paid version eventually once i worked out it was good enough for it and can export into csv etc for graphs and dashboards.

I could have done it all myself with csvs and spreadsheets but given I have a lot of accounts all over the place it's a lot of work to pull them all in each month and only really doable on desktop.

Tell me more… I’ve been looking for a way to do this more programmatically than manual csv exports when I remember. Is it safe? Who do they sell your data to? Is it all done via OpenBanking?

I've been using Moneyhub for the same. Has 6 months free trial and seems decent at scraping from varied accounts and has an option to export to CSV.

I read that snoop sell your data?

Ive just downloaded moneyhub to give it a try. I definitely need to try to get a better handle on outgoings.

Things like pet insurance which has crept up every year and is now a disgraceful £98 which I just noticed, for an 8 year old lurcher who has never had any difficulties and is in great health.

Probably no different to money hub who work “in partnership” with various partners for referrals and co-marketing opportunities

I guess if there’s a free tier or low price then you’re the product at the end of the day 🤷‍♂️

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And for balance snoops list of partners/areas of “referrals”

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Correcting my own numbers: he has 5 million shares, and 21 June calls on 120,000 shares. He also has $29.2 million cash. I don’t know what the top NY legal finance minds think of DFV’s resurgence, but he’s definitely run it past a lawyer or 10, and his risk is greater if he’s managing other people’s money instead of just his own.

If he decides to exercise (120,000) calls’ worth of shares ITM, like he exercised his calls the last time GME went ballistic, I’m sure he’d readily find investors, lenders, even donors.

Things like pet insurance which has crept up every year and is now a disgraceful £98 which I just noticed, for an 8 year old lurcher who has never had any difficulties and is in great health.

Pet Insurance is a great way to get really cynical about the intentions of insurers and vets, frankly.

bro everyone sells your data

Morgan Stanley and ETrade reportedly considering removing DFV’s access to their trading platforms.

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Yes all via open banking plug ins.

From my understanding there's a certain element of data sharing in order to get good referral deals etc. But I would expect it to include directly identifiable information. More like our user XYZ anonymous identifier spent the following amounts with abc merchants via lmn bank.

Off the back of that the referers offer deals to tempt you in and snoop get commission if you take it out. That referral link should be able to point to snoop as source but not to which customer directly that used it.

Or I'm massively over simplifying and stupidly naive and they are all bastards. But I do work in a bank with some tangible knowledge about what can be shared etc Even if my employer isn't on the list of accounts that could be analysed. Most banks are.

The app UI is remarkably simplistic to use but pretty flexible. Suggest give it a try with just one account with a few trx in and see.

Thanks for the detail. I guess I work on the opposite side of the fence (partnerships/marketing/digital tracking) so always start from a (un)healthy dose of cynicism and distrust 😂

You are clearly wiser than me....

Snoop (and others?) don’t seem to connect to savings or investment accounts even when held with one of their partner banks (eg it connects to Monzo current account, but not a savings account). Is this your experience as well? Appreciate its main use case is daily spending reviews and so maybe I’m expecting too much of a budgeting app…?

I think in the case of Moneyhub their partnership revenue is by developing similar apps/integrations for other clients and Moneyhub is the showcase, plus it charges a fee after 6 months (something like £10-£15 a year).

It's pretty explicit that it doesn't sell the data.
https://moneyhubhelp.zendesk.com/hc/en-gb/articles/6087227032593-Why-do-you-charge-a-subscription-fee
The reason we charge a subscription fee for Moneyhub is simple - we do not sell your data to third parties!

gme up 20% yesterday
up 33% today and just halted. straight up in the last 30 mins

no tweet from rk / dfv, no funky videos, no company announcement

can this keep happening until the 21st june ?

I have savings accounts in the high street banks do connect in snoop but savings and investment accounts with non banks aren't forced to hook in and create open banking api's unfortunately.