PP
The Meet Kevin Pricing Power ETF
stock NYSE

You got to be amazed by PP sometimes. He kind of made a living out of lying to people even dumber than him.

The shares in his PP lmao (Bad joke sorry)

Small PP energy coming out of Seoul

There are multiple indications that the hyperscalers haven't installed most of the Blackwell GPUs they bought. Now, we don't have an exact number of how many have been sold and how many have actually been brought online but we can make a decently good guess.
So, Nvidia claimed about a year ago they had sold about six million Blackwell chips, and there's two per GPU, so three million. I think we can add another million on top of that to account for new sales. We have Michael Burry of The Big Short fame and investigative journalist Ed Zitron have apparently heard from insiders that most of the GPUs are not inside datacenters and instead are sitting in warehouses but there's more evidence out in the open.
To start with, what does three or four million Blackwell GPUs mean? Well, that amount of GPUs require about four or five gigawatts of power at 1200 watts each. That's just the GPUs to be clear, you need about double that to cover the rest of the datacenter plus overhead. It's hard to find clear numbers on just how many gigawatts of AI datacenter compute is being brought online every quarter or year but this [report](https://www.bvp.com/atlas/roadmap-the-ai-data-center-stack) from June says the entire power draw in the US is 12 gigawatts. We also know these megaproject datacenters are almost universally stuck in construction hell, so the idea that even half of these Blackwell GPUs have been installed and we just can't see it is patently absurd.
Then there's the financial evidence. So, the hyperscalers used to be pretty asset light businesses that just printed money, that's why they used to be so profitable. Even once they started building cloud infrastructure, their assets (property, plants, and equipment or PP&E) didn't amount to very much. In Q2 2024, the hyperscalers had about $600 billion altogether. Today, they have $1.2 trillion. This stuff is worth money but it's worth less over time due to things like wear and tear; this process is known as depreciation. GPUs and other datacenter hardware depreciates roughly over four to six years, so we'd expect that this $600 billion in extra PP&E would translate to $120 billion per year or $30 billion per quarter in additional depreciation if we take a midpoint of five years. Yet I tallied up the additional depreciation the hyperscalers have added between Q2 2024 and Q1 2026 and it went up by just $16 billion. Something isn't adding up here.
Last thing I have to mention on this: Satya Nadella himself says Microsoft has [GPUs he can't install](https://finance.yahoo.com/news/microsoft-ceo-says-company-doesnt-122000891.html). While he didn't say this amount represents most of their Blackwell purchases, clearly it's a significant problem if he feels the need to acknowledge it.

Proof: [https://coindex.app/a/SGi3Om](https://coindex.app/a/SGi3Om)
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[2021 1/10 oz AGE Proof w/ Box & COA](https://coindex.app/a/R8EsKa) \- **$450**
[2026 1/10 oz AGE NGC MS69](https://coindex.app/a/hqv9ad) \- **$460**
[2016 1/10 oz Mercury Dime NGC SP70](https://coindex.app/a/Uckval) \- **$615**
**Foreign Sovereign**
[2024 1/10 oz Libertad](https://coindex.app/a/f2qHFg) \- **$610**
[2023 1/10 oz Britannia (Queen)](https://coindex.app/a/DgNU70) \- **$435**
[1985 1/10 oz Isle of Man Angel](https://coindex.app/a/FdMshY) \- **$465**
[1995 1/4 oz Maple](https://coindex.app/a/aTJt2w) \- **$1080**
[2025P 1/4 oz Kangaroo NGC MS70](https://coindex.app/a/C6PPaZ) \- **$1150**
**Bullion**
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[10g Argor Heraeus Small Craft](https://coindex.app/a/BVCrDH) \- **$1390**
[1/2 oz Pamp Good Luck Maneki Neko Cat](https://coindex.app/a/EPnCBQ) \- **$2150**
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[2010-W ASE PCGS PR70DCAM First Strike](https://coindex.app/a/SN39LH) \- **$90**
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1880-S
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[2003 Libertad (toned)](https://coindex.app/a/yU6aWr) \- **$105**
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**Foreign Sovereign**
[2016 Kookaburra](https://coindex.app/a/4Y8gqG) \- **$75** (2 available)
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[2026 Perth Lunar Dragon Bar](https://coindex.app/a/wza0hV) \- **$88** (8 available)
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[100x1g Valcambi Combibar](https://coindex.app/a/wxVyEj) \- **$298** (2 available)
[1 oz Vintage America the Beautiful Bars](https://coindex.app/a/jpkgVg) \- **$68** (8 available, see photos)
[10 oz US Assay Bar](https://coindex.app/a/tATdzQ) \- **$650**
[5g Werewolf](https://coindex.app/a/KQ6agT) \- **$20** (add-on only)
[1g Dragon in Assay 320COINS](https://coindex.app/a/0RWg4x) \- **$15** (add-on only)
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[1989 USSR 1 oz. Palladium Ballerina NGC PR69](https://coindex.app/a/5Kkl5z) \- **$2700**
[Credit Suisse 1 oz Palladium in assay](https://coindex.app/a/YfNadl) \- **$1350**
***\*\*\* PLATINUM \*\*\****
[1983 Engelhard Platinum Prospector](https://coindex.app/a/Zpf2IA) \- **$2510**
[20g Valcambi Platinum in assay](https://coindex.app/a/VfCy3p) \- **$1200**
**PRICES: I do my best to list what I believe is FAIR and COMPETITIVE, and therefore FIRM.**
**Payment** (no notes please, emoji if required):  Zelle (preferred), Paypal F&F, Venmo F&F, USDC crypto, additional options available for larger amounts.  PP or Venmo paid G&S will be refunded & order canceled.
**Shipping**:  **$7 to $9 ground advantage / $11 priority / $25 insured signature priority**
See this link for shipping details & descriptions: [https://coindex.app/a/xCdDhI](https://coindex.app/a/xCdDhI)
My liability for lost packages is 50%, capped at $500, and ends when marked "delivered." 
I have no expertise in grading, be your own judge based on the photos, please ask for more detailed photos of anything you want a clearer picture of. Coins are not new and often have scratches, scuffs, spots, etc. so make sure you look first to your satisfaction!
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Image be not being able to put 2 and 2 together and voting for PP

Is No Pie part of the Bear Trap movie? I know PP is/was. Has that also been memory holed with all the "DD" and "we've won"?

Kitco Gold Bid = $4,119.39
Kitco Silver Bid = $59.76
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🐳Deal = Take it all for $115 and get free GA Shipping
**— Gold —**
1/1000 oz Poker Dogs Republic of Liberia $15
1/500 oz Eye of Ra in cap $20
**— Silver —**
x4 - 90% Walking Liberty Halves $20 each
**\[WTT\] - I am looking to receive anything Barber Half Dollars, Seated anything, Capped anything. I am happy to put in some extra cash if needed.**
**There are never any minimums for orders!**
**Payment** (no notes, emoji if required): Venmo (preferred), PPFF, Zelle, Cashapp. PP or Venmo paid G&S will be refunded & canceled.
**Shipping**: $6 ground advantage (<6 ounces), $11 priority.  Packages will be double packed and well secured in boxes or bubble mailers.  My liability ends once the post office accepts the package. 
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My guy, please prove you're at least a little literate by reading what I said.
"They've bought a ton of GPUs but haven't taken them out of the box, and to them that means depreciation hasn't started, effectively making the purchase free"
This is not about the GPUs they have installed, this is about the ones they haven't. They are continuing to buy Blackwell GPUs they cannot install, that will become obsolete when Rubin GPUs come out, and that cannot be easily swapped out for Rubin once they are installed. Even if none of those things were the case, the fact of the matter is that if they installed all of these GPUs all at once, depreciation would immediately kick in, meaning they gotta start making money just as the supply of compute has gone into overdrive.
Take Microsoft for instance. Its gross PP&E (where the GPUs are in terms of the balance sheet) is at over $400 billion and net is at around $300 billion. It's hard to say how much of this are GPUs, but it's probably at least $100 billion and I think is closer to $200 billion. If tomorrow all these GPUs were put into service and depreciated over five years, that's $10 billion a quarter for five years. 15% of their entire revenue compared to Q1, just on depreciation alone.
The hyperscalers have not gone into tons of debt because of AI (yet), but they're dipping their toes in because of free cashflow going into the negatives according to [Bank of America](https://finance.yahoo.com/markets/article/big-tech-is-paying-for-the-ai-boom-and-chipmakers-are-cashing-in-chart-of-the-day-114043038.html). Google just held a $32 billion bond sale in February, Amazon has raised around $104 in bonds in the past year, Meta sold $55 billion in bonds since October, which leaves Microsoft as the only hyperscaler to not utilize bonds to raise cash recently.
Just ask yourself: if AI was making so much money, why aren't they putting these GPUs to use and why are they going into debt? These are not the characteristics of a profitable industry, but align well with gross incompetence.

From now on, his title should be “Dildo Award Recipient”. I heard he fucks only the young, whatever that means. Maybe PP Seeds knows.

Messi’s small PP is no match against u/OSRSKarma’s big throbbing horse cock

# Let's talk about using two methods to calculate the cost of Stock-Based Compensation.
We will referance pages 92 & 93 of the [META 2025 10k](https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm).
Start with $115,800 Operating Cashflow. Then deduct 69,691 for PP&E, and another 2,524 for Principal Payments on Finance Lease.
That leaves us with 43,585 Free Cash Flow.
Now let's look at two methods of deducting SBC. The **first method** is to deduct the SBC line item on the CF statement: 20,427.
**That leaves us with 23,158 of FCF.**
The **second method** would be to look the Statements of Stockholder's Equity. Meta issued 63 shares, withheld 27, netting 36 new shares. They repurchased 40. So 90% of repurchases were to offset SBC. We will come back to that 90% in a bit.
On that same statement, I will add these numbers together: 450 from the issuance of the 63 shares. -18,400 from the shares withheld. And then 90% of the share repurchases number, -26,264, which equals -23,638. Cumulatively, we have 450 - 18,400 - 23,638 = -41,588.
**Which leaves us about 1,997 of FCF.**
# Thoughts on each method?

PP balls, existing since 1980s.

Hey y'all, still a bit of a newcomer,  so please be patient and let me know if I'm doing something wrong.
WTS the following: 
* 1882-S Morgan PCGS MS64 $120
* 2023-S Morgan Dollar Rev Pr PCGS PR69x $85
* 2025 Morgan PCGS MS70 Advanced Release  $120
* 9 Proof Washington quarters from the 1950’s. (1956, 1957x5, 1958x2, and 1959) $135 for the lot
* 90% US Constitutional - $42 x face.  There’s really a cool assortment in here other than the typical Washington Quarters and Roosevelt dimes.  There are plenty of Mercury, Franklin, Walking Liberty, silver proof state quarters.  I’ll try to mix it up as I count it out, but I’m not going to cherry pick. There is a total of $50FV up for grabs, but there's no minimum.
Here’s the [proof](https://imgur.com/a/july11-0Amj8wJ), as well as obv/rev photos of the slabs, and a couple video clips of the 1950’s proof quarters. 
Shipping is $5 for Ground Advantage.   If you want any additional shipping services or insurance, it is at cost. I will be shipping no later than Wednesday because I will hand it over the counter at the Post Office.
I will accept Venmo, Zelle, PP F&F with no comments and so forth.
I used to work in software development, so I understand online security. I am 2FA and my stuff is like Fort Knox.  I should be online most of the weekend. The missus and I are going out at some point this weekend, so please be patient with our screen free time.
I know I need to build trust in this community, so feel free to drop me a chat and we'll figure it out. I'm willing to ship first to someone with standing or use a middleman if you're patient enough to walk me through that. 

Erectile Dysfunction Syndrome
You know - the reason your PP is not make woman happy