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In what turned out to be a case of morbid irony, last night we reported that Josh Brown, the 40 year old (non) driver of the Tesla which fatally crashed into a truck on May 7 in Florida while in self-driving mode when the car's cameras failed to distinguish the white side of a turning tractor-trailer from a brightly lit sky and didn't automatically activate its brakes, had as recently as a month earlier praised his "Tessy's" autopilot feature in a YouTube clip.
Last week I wrote an article titled, “If Everything Is So Great, Where Are The Unicorn IPOs?” In that article I posited an idea, or reasoning, as to why some companies such as Facebook™ and Amazon™ are suddenly deciding to release more GAAP friendly earnings reports as to show both investors, as well as, regulators the numbers with greater transparency, as opposed to, their relentless white-knuckled grip to Non-GAAP.
As noted yesterday morning, "Goldman does it again" when just hours after Goldman said the "bearish cash for iron ore was intact," the commodity recorded its biggest surge in history crushing anyone short, and soaring 20% across the globe.
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