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This was a poorly written, borderline irrelevant post that reflects poorly on the Seibertron.com community. I urge you to do better in the future and focus on the facts presented rather than associate them with carefully selected talking points that have nothing to do with the article posted.fenrir72 wrote::-(
Coptur wrote:Truth hurts?
ScottyP wrote:This was a poorly written, borderline irrelevant post that reflects poorly on the Seibertron.com community. I urge you to do better in the future and focus on the facts presented rather than associate them with carefully selected talking points that have nothing to do with the article posted.fenrir72 wrote::-(
Short Circuit wrote:I didn't realize children's toy companies including messages of inclusiveness, diversity, honor, and the like counts as "leaning towards the left." But then again, I'm not paranoid.![]()
Black Hat wrote:In the case of SW especially, not helped IMO by how bad some of those figures look. Like, I know a pocket money toy is never going to stand up to a Figuarts, but when the majority of the figures on sale are these mushy little 5POA things that wouldn't look out of place in the late 70s (and don't even have the same charm as the older figures) and the few decently poseable figures are too expensive for the young 'uns (£20 is a lot for a 6" figure in the context of little Jimmy's pocket money) and too poorly made for us overgrown children (compared to the Figuarts or Mafex offerings, Hasbro's SW figures just aren't very good) you can see why they didn't exactly fly off shelves.
AcademyofDrX wrote:Just a quick note for everyone: the lawsuit alleges misrepresentation, but is not itself evidence of fraud. The suit itself basically boils down to a very simple idea: the collapse of TRU had a significant impact on Hasbro's business and Hasbro knew more about the risk from TRU than they disclosed to investors. This kind of thing happens all the time when there are big stock drops.
I mention all of this as a casual observer, I have no personal or professional stake in any of this. Lawsuits are never good news, but there's nothing in this that should concern casual toy collectors. This is up to their legal teams and insurance.
Flashwave wrote:...What I am interpreting is that a few higher ups did something illegal, which could be embezzling or falsely reporting money or lying on Quarterly Profits. ....as a way of keeping the organization as a while clean, what we are seeing as "Layoffs" is is a non-biased way of saying "Hasbro is electing to let go of the people under indictment and or the people under indictment and those guilty of assisting...
AcademyofDrX wrote:....The suit itself basically boils down to a very simple idea: the collapse of TRU had a significant impact on Hasbro's business and Hasbro knew more about the risk from TRU than they disclosed to investors....
There's nothing in this that should concern casual toy collectors. This is up to their legal teams and insurance.
AcademyofDrX wrote:The lawsuit doesn't allege that kind of fraud. The excerpt below is directly from PR wire copy:
"According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Hasbro's relationship with Toys ''R'' Us was becoming increasingly important to Hasbro's business, but Toys ''R'' Us was in far worse financial condition than was being publicly reported; (2) Hasbro was experiencing significant undisclosed adverse sales issues in two key markets - the United Kingdom and Brazil - which were negatively impacting Hasbro's efforts to grow sales in those markets; and (3) as a result of foregoing, defendants' statements about Hasbro's business and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages."
Companies are required by law to tell their shareholders how their business is doing. These statements have to be truthful. The alleged fraud is basically that before the TRU bankruptcy, Hasbro said that things were okay, and after they weren't very okay. That's the gist of it. Ther no expectation that there are fudged numbers...
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Caelus wrote:I could get all raging "SJW" about things, but I'll say this instead.
Adult collectors make up a portion of toy consumers.
Straight white male collectors (what I infer to be the "disenfranchised" group of fans people are mewling about) make up a portion of adult collectors.
Politically conservative (or anti-liberal) collectors make up a portion of that "disenfranchised" demographic.
Collectors that pay attention to off-screen political twitter drama make up a portion of those conservative collectors.
Collectors that care enough about that drama to amend their shopping habits make up a portion of the collectors who pay attention to the drama.
Let's be generous and say that 50% of toy buyers are adult collectors, 50% of those collectors are part of a "disenfranchised" demographic (I have to use quotes because I can't even type that with a straight face), 50% of that demographic is anti-liberal, 50% of those anti-liberal collectors pay attention to what directors & content producers say on platforms like Twitter (which is really unlikely since only 20% of Americans use Twitter), and that 50% of those people will forego buying a Solo action figure because of something the director of another movie said that offended them.
.50 ^ 5 = 0.03125
So in the extremely unlikely situation that all of those strata are split 50/50, that accounts for a 3% dip in toy sales, and only in the licensed, collector-marketed toy sales (e.g., Star Wars: Black Series), which themselves make up only a portion of Hasbro's products. And that also doesn't consider the corresponding increase in toy sales that would come from inclusive story-telling and content creators voicing progressive morals.
Meanwhile, child population growth is slowing due to people having fewer kids, and children are continuing to shift their interest to interactive media (e.g., tablet games, consoles) for their indoor entertainment. I suspect that has a LOT more to do with poor brand performance than some anti-SJWs feeling butt-hurt because companies are paying attention to other demographic groups.
Flashwave wrote: Could we put this in the News Article, cause this really helps shape context more than the vague snippets in the post. Its not about Hasbro being in trouble because of shelfwarming or bad toy drsigns, its about lying and lying about the TRU impact.
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