The Martin Shkreli thread

RE: Martin Shkreli suspended from Twitter after trolling female journalist

Roosh said:
More bad news for Twitter:

Twitter’s year-over-year monthly-active-user growth has slowed from high double-and triple-digits in 2012 to essentially flat today. Its growth rate didn’t pick up in the third quarter when it had the summer Olympics, its first two National Football League games and a widely followed U.S. presidential election.

Data for the current quarter don’t indicate a rebound either. U.S. unique visitors to the site fell 7% year over year in October and 5% in November, according to MoffettNathanson, citing comScore data. Those marked accelerations over September’s 3% decline.

http://blogs.wsj.com/moneybeat/2017/01/16/no-trump-bump-for-twitter/

We can only wonder if banning it's most popular users to push a social justice agenda has something to do with it.

Imagine the reaction if they started asking all the obese blue haired trans "game developers" and "journalists" for a cut of their GoFundMes.

:troll:
 
RE: Martin Shkreli suspended from Twitter after trolling female journalist

October 2016 Twitter shares: 25 $

Today January 2017 Twitter shares: 17 $ and continuing to collapse

But SJWs and leftists never learned economics, they're all about imposing their agenda
 

tomtud

Pelican
RE: Martin Shkreli suspended from Twitter after trolling female journalist


Watched a few of his blog videos and made me laugh at times. In this video he holds frame and got me to watch other vids of him. Interesting character for sure.
 

Fortis

Crow
Gold Member
RE: Martin Shkreli suspended from Twitter after trolling female journalist

Shkreli is funny but he always strikes me as psychopathic in a way. Sure, I get his appeal but I can't stand the guy. I don't think he should have been banned from twitter but he's definitely got a way of being annoying as shit.
 

Enoch

Ostrich
RE: Martin Shkreli suspended from Twitter after trolling female journalist

torid said:
October 2016 Twitter shares: 25 $

Today January 2017 Twitter shares: 17 $ and continuing to collapse

But SJWs and leftists never learned economics, they're all about imposing their agenda

I'm wondering when some billionaire will buy up twitter to push their agenda like how Carlos Slim and Jeff Bezos has done with the NYT and Wapo, respectively.

Maybe someone like Larry Ellison?
 

911

Peacock
Gold Member
RE: Martin Shkreli suspended from Twitter after trolling female journalist

At ~ $10 billion valuation, it's still too rich a company to be a billionaire's pet project.

The smarter play would be to plunk down $10-$20 million start a competitor with a platform against censorship.
 
RE: Martin Shkreli suspended from Twitter after trolling female journalist

torid said:
October 2016 Twitter shares: 25 $

Today January 2017 Twitter shares: 17 $ and continuing to collapse

But SJWs and leftists never learned economics, they're all about imposing their agenda

Don't confuse the economics of the business model with the penetration of the platform gents.
 

Icarus

Ostrich
RE: Martin Shkreli suspended from Twitter after trolling female journalist

VICE interviews Shkreli:


Too bad VICE sent a midget to do the job...
 
RE: Martin Shkreli suspended from Twitter after trolling female journalist

jj90 said:
torid said:
October 2016 Twitter shares: 25 $

Today January 2017 Twitter shares: 17 $ and continuing to collapse

But SJWs and leftists never learned economics, they're all about imposing their agenda

Don't confuse the economics of the business model with the penetration of the platform gents.

Twitter's impact and penetration continues to fall. In United States and Western Europe, already Reddit has more active users everyday than Twitter.
 

Cr33pin

Peacock
Gold Member
RE: Martin Shkreli suspended from Twitter after trolling female journalist

hqdefault.jpg
 

Cr33pin

Peacock
Gold Member
RE: Martin Shkreli suspended from Twitter after trolling female journalist

Icarus said:
VICE interviews Shkreli:


Too bad VICE sent a midget to do the job...

This bitch interviewing him looks like Bilbo Baggins
 

Transsimian

Ostrich
Gold Member
RE: Martin Shkreli suspended from Twitter after trolling female journalist

He's 5'5" so I guess he asked for them to send their shortest interviewer for the standing scenes.
 

Icarus

Ostrich
RE: Martin Shkreli suspended from Twitter after trolling female journalist

Quoting Venkatesh Rao:

Effective Sociopaths stick with steadfast discipline to the letter of the law, internal and external, because the stupidest way to trip yourself up is in the realm of rules where the Clueless and Losers get to be judges and jury members. What they violate is its spirit, by taking advantage of its ambiguities. Whether this makes them evil or good depends on the situation. That’s a story for another day. Good Sociopaths operate by what they personally choose as a higher morality, in reaction to what they see as the dangers, insanities and stupidities of mob morality. Evil Sociopaths are merely looking for a quick, safe buck. Losers and the Clueless, of course, avoid individual moral decisions altogether.
 
RE: Martin Shkreli suspended from Twitter after trolling female journalist

Icarus said:
Quoting Venkatesh Rao:

Effective Sociopaths stick with steadfast discipline to the letter of the law, internal and external, because the stupidest way to trip yourself up is in the realm of rules where the Clueless and Losers get to be judges and jury members. What they violate is its spirit, by taking advantage of its ambiguities. Whether this makes them evil or good depends on the situation. That’s a story for another day. Good Sociopaths operate by what they personally choose as a higher morality, in reaction to what they see as the dangers, insanities and stupidities of mob morality. Evil Sociopaths are merely looking for a quick, safe buck. Losers and the Clueless, of course, avoid individual moral decisions altogether.

The problem is that "the letter of the law" doesn't actually exist. The law is not like math: every mathematician agrees that 2+2=4, but the Supreme Court would as often as not deadlock on the meaning of the "letter of the law" were it not for it being composed of an odd number of judges.

Shkreli is a case in point: he was found guilty of fraud even though the "victims" he was accused of defrauding actually made money as a result of the fraud Shkreli supposedly perpetrated on them. Surely Shkreli was not a paragon of honesty in his dealings with investors, but the point at which shady marketing crosses over into outright fraud is at least as much a matter of interpretation as it is an objective fact. The fact of the matter is that if Shkreli hadn't been made a victim of a media shitstorm over his (ironically, perfectly legal) pharmaceutical pricing maneuvers he would never have been indicted in this dubious fraud case.
 

RedPillUK

Pelican
RE: Martin Shkreli suspended from Twitter after trolling female journalist

Quoted the entire article and removed the ads so people don't have to give the Jew York Times clicks and shekels:

Martin Shkreli, 34, has confidently courted controversy in recent years, bulldozing his way into Wall Street and the drug industry, raising the price of a lifesaving drug by 5,000 percent overnight, boasting that he would outwit prosecutors in his federal fraud case, and live-streaming and tweeting throughout his five-week trial.

But on Friday, after five days of deliberations, jurors convicted him on three counts of fraud in federal court, and he now faces up to 20 years in prison on each of the first two counts, and up to five years on the final count.

Mr. Shkreli looked shaken as the judge read the verdict. But not long after, he appeared outside of court and returned to form, saying that he was “delighted, in many ways,” with the verdict. “This was a witch hunt of epic proportions, and maybe they found one or two broomsticks,” he said.

Later in the afternoon, he was live-streaming once more, sipping beer and joking about prison life from his Manhattan apartment.

At the trial in the Federal District Court in Brooklyn, Mr. Shkreli was accused of securities and wire fraud related to two hedge funds he ran, MSMB Capital and MSMB Healthcare. Prosecutors charged he illegally used a pharmaceutical company he founded, Retrophin, to repay defrauded MSMB investors. And they said he secretly controlled a huge number of Retrophin shares.

He never seemed to take his case seriously, meeting with federal authorities without a lawyer, making faces during testimony, calling the prosecution “junior varsity” and reading a book during final statements.

Jurors convicted Mr. Shkreli of three of the eight counts: securities fraud in connection with his hedge fund MSMB Capital; securities fraud in connection with MSMB Healthcare; and conspiracy to commit securities fraud related to the Retrophin stock scheme, in which he tried to quietly control a huge portion of Retrophin stock.

He was acquitted of counts one and two, conspiracy to commit securities fraud and conspiracy to commit wire fraud regarding MSMB Capital; counts four and five, the same charges with MSMB Healthcare; and count seven, conspiracy to commit wire fraud with regard to defrauding Retrophin by using funds from it to pay MSMB investors.

Count seven carried the most weight for sentencing, charging Mr. Shkreli with defrauding Retrophin by creating sham consulting agreements and unauthorized settlement agreements to pay back MSMB investors. It was associated with the biggest loss, which judges take into account when deciding sentences in fraud cases, said Benjamin Brafman, Mr. Shkreli’s lawyer.

As Judge Kiyo A. Matsumoto read the verdict, Mr. Shkreli, wearing a black polo shirt and khakis, sat with his arms crossed. He showed outward relief when Judge Matsumoto said he was not guilty on count seven, mouthing “Yes” and patting Mr. Brafman on the back. When she said he was guilty of count eight, the Retrophin securities-fraud conspiracy, he hung his head.

After the verdict was read, he gathered in a circle with his lawyers, looking a little shaken, then pulled on a hoodie. By the time he got outside court, where he gave his statements, he was smiling and speaking smoothly.

Bridget M. Rohde, the acting United States attorney for the Eastern District of New York, the federal prosecutors’ office in Brooklyn, said she was gratified by the verdict. “Our work is not done: Mr. Shkreli remains to be sentenced, and there’s a co-defendant in the case,” she said, referring to Evan Greebel, Mr. Shkreli’s onetime lawyer, who is scheduled to be tried in the fall.

A sentencing date was not set; Judge Matsumoto said she would wait for submissions from both sides on how much money was lost. She set a fall date for those submissions. Mr. Brafman said the defense might ask for no prison time.

Jurors, who deliberated for five days and sent only one substantive note in that time, were never deadlocked, according to one juror, who spoke after the verdict on condition of anonymity because he said he did not want to be associated by name with the case.

He described the deliberations as methodical and logical and said the jurors had focused on whether Mr. Shkreli had intended to harm investors who gave him money.

The jury voted to convict on counts in which they saw fraudulent intent to take money, the juror said.

At Mr. Shkreli’s trial, prosecutors, defense lawyers and witnesses provided sharply different takes on the defendant as they described how he rose from an ambitious young hedge fund manager to a notorious pharmaceutical executive.

The prosecution brought forth an “avalanche” of evidence, as the prosecutor Jacquelyn Kasulis put it in her rebuttal argument, that Mr. Shkreli illegally used Retrophin to repay the defrauded MSMB investors. The evidence included a threatening letter he sent to the wife of a former employee; statements he sent to MSMB investors showing great returns at the same time he had no money in fund accounts; three versions of a backdated agreement to make it look as if MSMB Capital had invested in Retrophin when it had not; and claims about assets under management that were wildly out of line with his actual fund size.

“It’s time for Martin Shkreli to be held accountable,” she said.

His lawyers focused on the fact that his investors ultimately made back much more than their initial investments. They said that was proof that Mr. Shkreli had never intended to commit fraud. Instead, they said, he worked hard to get Retrophin off the ground so he could reimburse MSMB investors.

“He did it, and it worked, and they got paid,” Mr. Brafman said in his closing statement. “When they got the financing, they started to pay these people, not to loot Retrophin.”

However, prosecutors said that paying Mr. Shkreli’s old investors was not the responsibility of Retrophin, a public company, and that Mr. Shkreli had misled his MSMB investors. “Lying to people to get them to invest with you is fraud,” Ms. Kasulis said in her final statement.

Mr. Shkreli is the child of Albanian immigrants. He was raised in Brooklyn and attended Hunter College High School, one of the city’s elite public schools. He went to Baruch, one of New York’s city colleges, and landed an internship at Cramer Berkowitz, going on to other money-management jobs.

As he recruited investors for his own funds, MSMB Capital and MSMB Healthcare, he was cunning at times, almost a shape-shifter. He told an investor who had not graduated from college that he had not finished college either, according to testimony. To an established Texas investor, he said he had graduated young from Columbia. He told another investor, in an email chain about Steve Jobs, a college dropout, that he had dropped out of Columbia.

His lawyers painted him as an oddball who did not brush his teeth and slept in a sleeping bag at his office.

Before the trial, Mr. Shkreli was perhaps best known for increasing the price on the drug Daraprim, which treats a parasitic infection, to $750 a tablet from $13.50, when he was the chief executive of Turing Pharmaceuticals in 2015. The public and politicians vilified him for the price increase, and Mr. Shkreli responded by buying another drug and saying he would raise the price on that one, too.

Documents entered into evidence throughout the trial showed Mr. Shkreli as devil-may-care. At one point, Mr. Greebel, Mr. Shkreli’s co-defendant and former lawyer, wanted to have a phone call with him about an issue involving lawyer-client privilege, and Mr. Shkreli responded, “Not available by phone ever Sorry.”

During his postverdict live-stream, Mr. Shkreli, sipping from a bottle of India pale ale, speculated that his sentence would be “close to nil” and said that he was not anticipating spending time in a maximum security facility, adding “this is not ‘Oz’ or ‘The Wire.’”

Rather, he said, he imagined serving in what he termed “Club Fed,” playing basketball, tennis and Xbox, and resurfacing “back out on these streets very quickly.”
 

Bacchus

Ostrich
RE: Martin Shkreli suspended from Twitter after trolling female journalist

martin-shkreli-courtroom-sketch-01.jpg


Shketch of Shkreli during the trial. His troll face never rests.
 

puckerman

Ostrich
RE: Martin Shkreli suspended from Twitter after trolling female journalist

I have one comment on his conviction. I don't care if he didn't lose the people's money. That is not a defense.

If I give you $100 and you give me back $101 five years later, it's true that you made me money. I might have put that money somewhere else and made more with it. If you commit fraud with investors, you need to be held accountable whether the results are "good" or not.
 
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