THE WPATH FILES

Advocates of gender-affirming care say it’s evidence-based.

But now, newly released internal files from the World Professional Association for Transgender Health (WPATH) prove that the practice of transgender medicine is neither scientific nor medical.

American… pic.twitter.com/mcJ2E7TezW

— Michael Shellenberger (@shellenberger) March 4, 2024

https://twitter.com/shellenberger/status/1764799914918490287

It's also here

https://environmentalprogress.org/big-news/wpath-files

and on Shellenbergers substack

https://public.substack.com/p/the-wpath-files

A gay Spanish municipal councillor has resigned from his position after photos were publicized of him eating his own excrement as part of a scat fetish.

Daniel Gómez del Barrio served on the council for Illescas, a small town of around 30,000 people just south of the country's capital. He represented PSOE, the main left-wing party in Spain, whose leader is currently the Prime Minister.

In mid February, photos and videos of Gómez were shared that he had posted on social media accounts and pornographic websites. In one video, the councillor, who is in his late twenties, is seemingly naked on the floor and eating his own feces.

A report from French news source FDS claimed that the politician was offering himself up for sexual use, and described himself as wanting to be “exposed, humiliated, degraded.” He also described his desire to “eat c*cks, be a whore, and be used as a urinal,” with El Diairo also claiming he referred to himself as a “sexual slave.”

According to ABC Spain, Gómez reported the leaking of the photographs and videos to the police, who began investigating the matter. He attended the February council meeting “with total normality,” where the leaks were only a “residual issue,” a source told ABC Spain. However, on March 22, more photographs of the councillor began to spread around the town during the traditional Palm Sunday celebrations, and “nothing else was talked about” by the residents of the small community.

Another source suggested that further images of Gómez were available on the internet, where he was naked and his official council ID was allegedly visible.

On March 27, Gómez was forced to resign, and was dismissed from his position as the town council's head of youth, children and families by mayor José Manuel Tofiño.

Since his resignation, the young councillor has left his family home in the town where he resided with his parents. His father, a former police officer, retired the same week in February that the photos and videos were initially leaked.

Her attorney's

Mfw Alec's deranged plot is realized

Haven't seen this mentioned here yet, but for any of you r-slurs actually r-slurred enough to be considering investing in the shitshow that is called Reddit considered yourself forewarned. Also, this is a great example of how much of a loser Spez and the exec leadership of Reddit are considering Reddit clone sites like The Chive, even Digg and (hopefully) rDrama and WPD can operate at a net profit with far less employees than what Reddit does. A great example is The Chive which was profitable after 2-3 years (estimated $20 million in revenues and approx 6 employees).

In contrast, after 20 years, Reddit is not only not profitable but they continue to post yearly loses in the tens to hundreds of millions of dollars a year. In fact, the article points out, that these loses translate to "....$232,432.87 a day, or nearly $9,685 an hour [in loses]."

So, Reddit finally filed for an IPO. After nearly 20 years, starting on its own, being acquired by Condé Nast Publications in 2006, spun out in 2011.

Having a long gestation as a private company getting investment dollars isn't unusual today. For a number of years now, the trend has been to see increasingly long years of waiting to seek an exit so investors can allow the company to develop. To strengthen. To build a capability of making money.

Which makes Reddit's filing — its S-1 using technical terms — so interesting is that it's taken so long to still be losing money by the truckful. That's $232,432.87 a day, or nearly $9,685 an hour.

Maybe this has something to do why Condé Nast's parent, Advance Publications, waved goodbye to Reddit so many years ago.

The company calls itself an “emerging growth company” by the definition of the JOBS Act, and will continue to be until any one of the three following conditions happens: their revenue at least equals $1.235 billion; they reach the last day of the fiscal year following the fifth anniversary of the IPO offering; they reach the date on which during a previous three-year period in which they issue more than $1 billion in non-convertible debt; or, under the Exchange Act, they're deemed a “large accelerated filer.”

There are 54 pages of risk factors, which, after reading many S-1 filings over the years, seems pretty long. One of the most notable is the sentence, “We have incurred substantial losses during our history and may never achieve profitability.”

There are companies that have said that in the past, but they were much younger. AmazonAMZN +1% has a reputation of being unprofitable for a very long time, but in the last quarter of 2001, it had its first profitable quarter. That was about seven years after the company started running out of the garage of Jeff Bezos.

After two decades, Reddit still warns that it's not making money. Losses can eventually be useful for companies when they can carry them forward and finally offset profits, but the profits do have to come. At the end of 2023, the company has $216.7 million in federal and $177.1 million of state net operating losses (NOLs) to carry. The state ones are gone in 2026 if there aren't profits to apply them to. Federal NOLs through 2017 can only be carried for 20 years to fully offset taxable income. After 2017, due to the Tax Cuts and Jobs Act, they can be carried indefinitely to offset only 80% of taxable income annually. So, the losses at this point are theoretically helpful, but practically? Who knows?

In 2023, the company's revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age. Total costs and expenses were $944.2 million. The net loss was $90.8 million, which at least is an improvement over 2022, with its $666.7 million in revenue and $158.6 million in losses.

Reddit favors non-standard accounting metrics like adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). The adjusted part include “stock-based compensation expense and related taxes, other (income) expense, net, and certain other non-recurring or non-cash items impacting net income (loss) that we do not consider indicative of our ongoing business performance.” Which makes it tough to know exactly what's being included or excluded.

The adjusted EBITDA in 2023 was still -$69.3 million.

And they like free cash flow as a “liquidity measure.” Free cash flow in 2023 was -$84.8 million. In 2022, it was -$100.3 million.

On top of that, Reddit is going the dual stock class approach, where Class A is the ordinary stock with one vote per share, Class B getting 10 votes per share, and Class C, no votes. This is the type of structure designed to let a small group continue to control the company no matter what. The public argument is that they will keep doing the right thing for the company. In practice, that has meant lots of losses.

It's happened again

How long b4 this thread get's yall'd?

You know what that means.

Have you seen Mint Butterfield?