Shopify ($SHOP) faces class action as recently laid-off staff allege it reneged on severance offers

A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts.

The class action alleges some of the Ottawa software business’ employees laid off at the start of May were presented with departure packages outlining hefty severance sums they would be entitled to should they sign the agreement within a few days.

However, once workers signed the agreements and before the deadline pas

r/Stocks Daily Discussion Wednesday - May 31, 2023

These daily discussions run from Monday to Friday including during our themed posts.

Some helpful links:

How do you see this short term volatility due to the debt limit playing out?

I suspect (note: only suspect) that the first vote Wednesday will fail. I think there will be more grandstanding, chest beating, puffery until the weekend. Over the weekend, I think there will be cosmetic changes followed by a passing vote Sunday or Monday.

I am watching for the market to grind down further on the risk sentiment until the weekend. I may go in on Thursday and try to catch that post agreement bounce.

Anyone else trying to read these

How should one interpret UNH stock?

If there are a handful of companies to invest in stock wise I would put UNH on that list because they are just so profitable and have over time proven to be a diligent company. When a US citizen thinks of a health insurance company United Healthcare comes to mind before others. Piper Sandler said UNH can rally recently (https://www.cnbc.

How do I know if I have a good model?

I built quite a complex model and spent some time testing it and tinkering with it. The results are stable and there are no anomalies. However, I feel like it's too simple, even though it definitely isn't, because I feel like the big guns have infinitely more complicated models. Moreover, I don't know how much profit a good model should simulate. It doesn't make any profit in the same day, but the profit percentage increases linearly with the num

Tech Stocks Rising?

My husband and I were out to dinner a couple of weeks ago and we were discussing how Nvidia was rising and also another company that makes semiconductors was having a huge spike. Now the stock, for one of the IT companies I work for, has jumped $40 a share in the last week and a half. What is going on?

submitted by /u/Cheekyblinders92
Understanding Wash sale and vesting

I have a situation that seems fairly common. Or at least I think so.

I am sitting on sizable amount of company stock which I'd like to cash out for a home purchase.
However, I am on a monthly vesting schedule for my RSUs, which is a small fraction compared to what I am planning to sell.

I understand that I run into wash sale rules if I sell while I am still vesting monthly.

My question is, does the vest (effectively a purchase) neg

Is this company really ~80% below intrinsic value

https://www.alphaspread.com/security/par/dbg/dcf-valuation/bear-case

I'm looking at this french recycling company, its trading below book value, yes it has relatively high debt but it has consistently grown top line revenue and earnings.

Steel production worldwide is going down but that I think is a temporary phenomenon but long term this seems like a crazy drop

How will AI impact your industry (or industry you are familiar with) in the next 5 years?

Couple of suggestions:

  • Everyone is welcome to contribute, but I'm especially interested in people in traditionally non-technical fields. Like, how can a beekeeper, fireman, yoga instructor, baker benefit from AI? Also interested in fields most of us don't even know existed.

  • It's ok to wildly speculate. This is a for-fun brainstorming thread. Stay positive please.

  • What would the AI impact look like? Wha

A question on the wash sale rule

So say you bought a stock multiple times. For example XYZ stock was bought on 1/12,1/19,1/26,3/12,3/19,3/26. Now say you sold a portion of those shares at a loss. Would the sale of some of this stock trigger a wash sale violation? Or it shouldn't?

submitted by /u/hollenmarsch

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