Google Glass Is Going Away, Again
The smart eyewear device sparked privacy concerns and failed to gain traction over the past decade.
Review: ‘The Mandalorian’ is experiencing an identity crisis
“The Mandalorian” is experiencing an identity crisis, and that goes beyond just the semi-religious question of removing his helmet. The third season, rather, has seemed to be flailing a bit in terms of its focus, as underscored by its third episode — an extended if tantalizing detour into the story of a peripheral character.
https://www.cnn.com/2023/03/16/entertainment/the-mandalorian-episode-3/index.html
‘What doesn’t kill me better run’: Ariana fires back on ‘Vanderpump Rules’ drama
After weeks of silence, ‘Vanderpump Rules’ star Ariana Madix has addressed the ‘Scandoval’ affair that ended her longtime romance with co-star Tom Sandoval.
PacWest CFO ‘Sold Puts’ In ‘Show Of Confidence’ Last Week
PacWest CFO ‘Sold Puts’ In ‘Show Of Confidence’ Last Week
Instead of charging in with a traditional ‘show of confidence’ by buying the company stock, PacWest Bancorp’s Chief Financial Officer Kevin Thompson made his ‘bullish’ bet by selling puts.
As Bloomberg reports, Thompson, who joined the company in November, is one of more than 100 US banking executives who have bet on their companies’ shares during the recent chaos – much to their chagrin now – only he did it in a protected, less optimistic (and very short-term) manner.
Thompson sold put options on 12,500 PacWest shares on March 9, according to a filing with the SEC.
The document shows that the buyer paid a total of $15,375 for the right to put the stock to Thompson at $22.50 a share.
Theoretically, the position offers Thompson limited upside gains if the stock rebounds, with significant downside risk if the stock plunges.
Things have not worked out well for the CFO as PACW stock price has plunged…
…sending the price of the sold puts soaring into tomorrow’s expiration
With the stock trading at around $10, Thompson stands to lose over $150,000 on the position.
While the sold put position makes some sense, the signal from a CFO trading derivatives into his own stock ahead of a bailout… that didn’t seem to stop the bleeding in regional banks… is not a good look for any banking exec.
Tyler Durden
Thu, 03/16/2023 – 12:12
https://www.zerohedge.com/markets/pacwest-cfo-sold-puts-show-confidence-last-week
Ohio public employee pension funds lose more than $30 million in Silicon Valley Bank collapse
Ohio’s State Teachers Retirement System took the biggest hit. Last week, it had Silicon Valley Bank shares worth $27.2M, about 0.03% of its portfolio.
How many times has a No. 1 seed won the NCAA men’s basketball tournament?
March Madness is famously about little schools dreaming big, but championship odds are squarely on the side of No. 1 seeds.
Cute girl with ‘snarly smile’ wins over internet
Toddler who went viral because she can’t smile will make YOU smile. Jeanne Moos reports parents of unsmiling kids everywhere relate.
https://www.cnn.com/videos/us/2023/03/16/toddler-ruby-viral-smile-moos-cprog-orig-bdk.cnn
Dutch farmers’ party wins big in provincial elections
The populist party has taken center stage in a sign of growing dissatisfaction with Prime Minister Mark Rutte’s coalition.
Ben Affleck reveals J.Lo’s Grammys tiff: ‘You better f – – king not leave’
The Grammys 2023 ceremony was something of “take your husband to work day” situation, according to Affleck.
https://nypost.com/2023/03/16/ben-affleck-on-j-los-grammys-tiff-you-better-f-king-not-leave/
Gianni Infantino re-elected FIFA president until 2027
Gianni Infantino has been re-elected as president of FIFA until 2027 after standing unopposed at the congress of world football’s governing body on Thursday.
https://www.france24.com/en/sport/20230316-gianni-infantino-re-elected-fifa-president-until-2027