This isn't fake news. The original report was quoting police and showing all the extreme shoplifting prevention at that location. They used a second-hand quote from the Target manager, which is acceptable in every other context. A senior corporate spokesperson denied it was closing right now, allowing other news outlets to take victory laps like they've debunked some crackpot theory. It's still quite possible this Target will close in a few months and for everyone to be correct. Welcome to news reporting.
Also the Metreon location has curtailed their hours, closing at 6pm, as the article said. I remember its grand opening—hours were until at least 8pm, maybe 9.
> Target shortens hours in San Francisco due to ‘alarming rise’ in shoplifting
> “For more than a month, we’ve been experiencing a significant and alarming rise in theft and security incidents at our San Francisco stores, similar to reports from other retailers in the area. Target is engaging local law enforcement, elected officials and community partners to address our concerns,” a Target spokesperson said in a statement to MarketWatch.
Volatility on a log scale gets squashed a fair bit.
Not that I disagree with PlanB's model, but that's not what most people look at, especially not daytraders: PlanB's model's investment horizon is way too long for them.
Its an interesting piece, people just reading the comments or commenting on NFTs in general are missing out.
>>[Status symbols] also need alibis, plausible excuses for ownership other than the intentional acquisition of status symbols ... The best alibi for NFTs is that they are an investment ... to cunningly flip later.
So when the market becomes saturated and the ability to flip (aka the alibi) is gone, will the market collapse?
Bubbles keep growing until they run out of suckers. Those who get out before the bubble bursts might make a lot of money. Everyone else will lose the lot. It happened with the South Sea Bubble, Tulipmania, Bernie Madoff, Onecoin and any number of other bubbles/scams.
Isaac Newton, one of the smartest men who ever lived, lost loads of money in the South Sea Bubble.
https://www.youtube.com/watch?v=2jrnhaLzCqA