Snowflake CEO Earns $95 Million Per Month

Snowflake CEO Earns $95 Million Per Month
Tyler Durden
Sat, 12/05/2020 – 16:55 We don’t know whether or not to blame this excess on inflation and endless money printing, or just pure public market insanity. So, we’ll let the reader decide.

Either way, it was revealed yesterday that the CEO of cloud computing company Snowflake, Frank Slootman, has a compensation package that is earning him about $95 million per month. 

Admittedly, Slootman was in the news because Snowflake had posted a great third quarter revenue number and its stock is up more than 200% since going public just months ago in September. 

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Is The Gold Sell-Off Over?

Is The Gold Sell-Off Over?
Tyler Durden
Sat, 12/05/2020 – 16:30 Authored by Alasdair Macleod via GoldMoney.com,

The dramatic sell-off of the last few weeks ended on Monday morning when gold spiked down to an intraday low of $1765 (silver $21.90). But in morning trading today in the European time zone gold was at $1843, up $56 from last Friday’s close, and silver at $24.28, up $1.65 on the same timescale.

The sell-off in paper gold was a repetition of events every November and December bar one since 2015, and the cause appeared to be the same. In the run-up to the year end, the bullion banks manage prices in a book squaring exercise, using the expiry of the December contract to squeeze out the bulls. The only exception was 2018, when they failed to push prices lower, but they still rose strongly into 2019. ...read more

“I’m Just Not Buying It” – Jeff Gundlach Raises Questions About COVID Vaccine’s ‘95%’ Efficacy Rate

“I’m Just Not Buying It” – Jeff Gundlach Raises Questions About COVID Vaccine’s ‘95%’ Efficacy Rate
Tyler Durden
Sat, 12/05/2020 – 16:05 As Dr. Fauci walks back criticisms of Britain’s decision to grant emergency approval to the Pfzier-BioNTech – something Dr. Fauci characterized as “rushed” earlier this week before receiving the proverbial kick under the table – and Pfizer cuts its 2020 vaccine delivery target due to issues with ‘raw materials’, a video of DoubleLine Capital founder Jeff Gundlach expressing doubts about the prospects for a vaccine is making the rounds on twitter.

Speaking in an off-the-cuff manner, Gundlach raised questions about the timeline for vaccine-induced COVID herd immunity, something Sweden’s Anders Tegnell recently affirmed remains a poorly understood concept, that some might characterize as “conspiratorial”.

Israel Warns Its Own Nuclear Scientists That Iran Could Target Them

Israel Warns Its Own Nuclear Scientists That Iran Could Target Them
Tyler Durden
Sat, 12/05/2020 – 15:40 Authored by Dave DeCamp via AntiWar.com,

Israel warned its nuclear scientists that they could be targets of an Iranian attack, Israeli media reported on Friday. The warning came after prominent Iranian scientist Mohsen Fakhrizadeh was killed, an attack widely believed to have been carried out by Israel.

One former scientist who worked at Israel’s Dimona reactor said he was cautioned to change his daily routine. The Dimona reactor is where Israel is believed to have first secretly developed its undeclared nuclear weapons.

Tel Aviv file image, via The Forward

According to The Times of Israel: ...read more

Franchise Relations Deteriorate As Pandemic Wreaks Havoc On Small Business

Franchise Relations Deteriorate As Pandemic Wreaks Havoc On Small Business
Tyler Durden
Sat, 12/05/2020 – 15:15 According to a new WSJ report, the virus pandemic has unleashed enormous stress, destroying the cozy relationships between franchisees and executives at burger chains, hotels, and other types of shops. 

WSJ’s Micah Maidenberg and Heather Haddon outline how the virus-induced downturn in the economy has led store owners and corporate execs at Subway, Econo Lodge, and other companies “to bicker publicly like never before.” 

While the economy stumbles and brick and mortar stores see significant sales declines, companies ask franchisees to purchase new equipment and adopt new safety protocols. Store owners tell companies that they cannot afford to make the purchases and/or are pushing back on promotional discounts that hurt their profits. 

“I get that franchising isn’t a democracy, but at the same time, it’s not a dictatorship,” said Keith Miller, who was among Subway franchisees resisting when the company asked operators during the summer to offer two-foot-long sandwiches for $10, a price they said was unprofitable. ...read more