LC
LendingClub Corporation
stock NYSE

This is weird overthinking, but don't you think it's weird that the person who tweeted + and ++++ after respective board buys didn't follow up with +++++?
As in, maybe that Mr. Wizard thing mattered to LC in a way that he knew about it and didn't want to impede on it, because that truly is RK?
I wouldn't consider the Five Guys similarity to be a strong enough reason to break from what he was doing, unless there was a reason to not use the five pluses.
Yeah, I'm probably just overthinking this.

RC, LC, JG, AA, and…. RK!

Uuuuugh. Let me know when LC posts something that resembles a plan that increases shareholder value

It doesn't matter, just substitute everything I said about "the market" with "the equity market".
It's simple math. Or not even math. The total market cap of equities includes a portion that you own and a portion you don't own. If the portion that you own is different from average in any way, the portion you don't own will be different in the opposite way. It has to be, because the two portions together have to cancel to be average.
> Imagine there there are only three shares in the market: 1 SC, MC and LC each worth $100. The equity market is worth $300. I own the Small Cap share.
So you are overweight small caps relative to the market weight, and the rest of the market is underweight small caps relative to the market weight.
> If I sell my SC share there is still just 3 shares.
The portion you own (0 shares) now has an undefined small cap share, so it doesn't really make sense to talk about whether you're overweight or underweight relative to the market.
But we can talk about the person you sold it to. No matter what price they paid for it they will be overweight small caps relative to market cap weights because they own the only SC share in existence. And the aggregate of all other market cap participants still have 0 small cap shares so they are still underweight small caps.

The equity market is not the total market.
If I sell SCV and buy bonds my money has left the equity market. Whether the market cap is higher or lower depends on my sell price.
Imagine there there are only three shares in the market: 1 SC, MC and LC each worth $100. The equity market is worth $300. I own the Small Cap share. I am 100% SC which is far above the SC market weight of 33%. If I sell my SC share there is still just 3 shares. If I sell for $50 the equity market cap is now $250 and SC market weight drops to 20%. If I sell for $150 the equity market cap is now $350 and SC market weight is now 42%. There doesn’t have to be any LC trade to make the market weight correct. It just is.
The total market is all publicly investable asset types, not just equities. I can sell equities and buy real estate, bonds, commodities, whatever…even cash. I can sell my dollar denominated equities for dollars and choose to buy yen. The total global money supply is around $103T. The forex market trading volume is around $9.6T a day. The global equity market had around $600B trading volume a day.
Fortunately/Logically or not, cash isn’t an asset but the medium of trade so its market cap is considered $0. Other than the EF we don’t usually hold much of it. Well…sometimes as short term tbills.
TL;DR: holding total global market portfolio at market weight is not holding 100% VT…

Okay, so I will add a reply here since people want to talk about "The Company" and Ryan. Whether you want to think about this or not. I am not asking to take sides, invalidate what's going on or anything, other than question the motive and behavior behind the livestream, so I will share my theory anyway.
Last year, Ryan allocated and pushed warrants with the welcoming excitement from everyone which is fine because the topic of warrants and all aspects and mechanics of it gave some points and insights. However, was the distribution of warrants done in good faith given the timing with Larry Cheng coming out of the woodwork? I don't think so and here's why:
1. Ryan Cohen needed to buy more time to do what he wanted to do without pushing away support but somehow using an instrument to deliberately gain it: Enter the warrants.
2. Last year, Ryan Cohen knew that if he distributed/pushed warrants 2-3 years out of expiration outright that he would lose steam and shareholder support along with uproar from the communities. So how do you solve for this you ask? You KNOWINGLY DISTRIBUTE A 1 YEAR WARRANT EXPIRY WITH INTENT TO EXTEND IT FOR ANOTHER YEAR OR SO AFTER. This has been a burning question for some time as what will happen to the stock or the warrants (BOTH VALID concerns).
3. Ryan executes and distributes the warrants for 1 year which are due soon anyway (knowingly he would need to extend them again regardless of the voter sentiment/support), so he leveraged the 1 year under the guise (not verbally) to signal shareholders that "something" will happen. Yes, that something is likely extension of the warrants.
4. This is probably an important thought I considered. Think about it, had Ryan distributed say 2-3 year warrants out from the getgo that are due (2027-2028) as an example, would he had been successful with the shareholder voting approval that happened recently? I don't think so, so the argument stands it was more of an incentive for Ryan to distribute 1-year warrants that are supposedly "due soon". This would manipulate and control shareholders for voting in support because Ryan needed "help" from us again.
5. Larry Cheng and Livestream timing. I will admit. I do not like Larry Cheng from a personal stance. This guy talks and talks and talks and hardly anything either makes any sense or it doesn't. So why do a livestream now that timing is crucial? I will tell you why, handholding emotional investors and telling everyone that things will be fine. I mean sure, guy puts down money and buys shares and so does Ryan. But guess what? Everyone on the board buying shares at this juncture only leads me to believe that the price of the stock will rise momentarily, and when the stock tumbles again, that's when Ryan will "take action" and extend the warrants, thus looking "favorable" to everyone while shareholders thank him as a "savior". Ryan knows the stock and when it runs, and so does Kitty.
Case in point? Based on past behavior from both Ryan and Cheng, I expect another 1-2 year delay if anything should occur if at all. Again, Larry gaslighting a bunch of hopeful investors back in 2023 (look at the main post for proof) knowing fully well that Ryan was going to be involved and take his sweet time: IT has been 3 freaking long years!!! And don't get me started with GameStop.
I can't possibly be the only one annoyed and emotionally toyed with, which is why I voted against everything on the shareholder proposal (and I DID with conviction) because I believe Ryan and Larry didn't do or execute announcements or proposals under the presumption of good faith.
Again, you don't have to believe me, but I've seen this behavior play out over and over. I feel like as an investor, Ryan delivers but he's really the kind of guy of like "If I do this what's in it for me?" while playing "good activist".
I will continue to support RK before RC, and specially anything having to do with LC.