It was a busy week in terms of social media full of meltdowns, shocking statements, and some of the silliest discourse we have seen in a while. Despite that, we have dug through the vast mess that is the twitterverse and brought to you serious tweets about NFTs, petrol lines, selfies, and the effects of the Karachi coast. Ariba Shahid brings you all this and more in this week’s social media roundup.
What is material info?
LOL – A company just released a “material info” notice to say that the Interest Rate hike doesn’t have a material impact on its profitability. Best hahaha
— Azam A. Khan (@AzamAKhan2) November 22, 2021
Material information is any information that an investor should know while making investment decisions. The interest rate usually has an impact on businesses considering how much they are exposed to interest rates. However, I guess this business just wanted to be safe or maybe the company secretary wanted to sign a document because it had been a while.
Official twitter handles
Nadra kitna vella hai mujhe reply kar raha hai https://t.co/7avVzZGihO
— the user previously known as ghaura (@ghauraghaura) November 22, 2021
Pakistani twitter is having its iconic moment with Nadra being trolled. However, it’s always good when corporations and organizations use their accounts to interact. It can both save face immediately before the twitter conversation gets out of hand (of which we know a thing or two about) and can also paint the organization in a softer light. We all remember that brilliant back-and-forth between Mohammad Hanif and K-Electric.
NFT-bros
Talking of NFT’s, WTH where’s the world headed https://t.co/O3xRVIFeVw
— Khadijah Shah (@khadijah_shah) November 23, 2021
With the holiday season around the corner, I’m stuck wondering how many kids will get NFTs this year? And how many of them will cry immediately compared to how many crypto-bros will be initially very excited but eventually crying a few months or years down the line.
Three Cs of the PSX
I identify 3 types of Cs:
1. Chor – they cannot understand that 1rs hidden in profit in 8-20 Rs foregone in valuation. They have to steal. Instinct.
2. Ch***** – absolute idiots with no idea of their own business, pure ovarian lottery
3. Champs – very very rare but out there!— Junaid Iqbal (@JiqbalPK) November 24, 2021
The 5 Cs of brand development? Pfft. Nah, we’ve got the 3 Cs of the PSX. We’re not going to type them here because we don’t really swear through these pages. But feel free to take a guess and make your own 3Cs!
Petrol lines
— Najam Sahibzada (@SMNajam) November 25, 2021
On a good day, I love puns. However, it feels annoying when you don’t have a full tank in your car and have been in line at the gas station for 2 hours watching Ertugral to pass the time. That is indeed a low point in life. Then again, what are we even really supposed to do in petrol lines?
Humanizing selfies
Welcome to the Finance Advisor to Prime Minister at Gong ceremony of 1st GEM Board Listing. GEM is the new window for SMEs to raise debt and equity. Congratulation to Pak Agro Packaging Ltd @shaukat_tarin @pakstockexgltd @SECPakistan pic.twitter.com/jV1USTJ3Z3
— Shamshad Akhtar (@1sakhtar) November 26, 2021
This tweet has made its way to the social media round up because I find this selfie of Shaukat Tarin very cute. It is sometimes nice to remember that most politicians and public officials are very much real people, and behind all the power and shop talk there are very real uncles and aunties with uncle and aunty tendencies behind most of them.
Feeling for the underdog
For a common man, Adani becoming richer than Ambani means that Adani can now buy more tomatoes than Ambani.
— Deeksha Nitin Raut (@DeekshaNRaut) November 26, 2021
Needless to say the weightage of food, rent and education in a poor man’s expenditure is more than for the rich. While being the richest is a rat race, we can’t help but feel bad for the underdog. Can’t wait for Rohail Hayatt to pipe in on this and tell us how difficult it is to be rich and famous and how much peace there is in being poor because it means having nothing. Thanks for spelling that out for us Rohail!
Testing maths
Ten economics lessons to learn from Argentina:
1) protectionism is ineffective and costly
2) don’t do stupid shit with monetary policy
3) don’t do stupid shit with monetary policy
4) don’t do stupid shit with monetary policy
5) don’t do stupid shit with monetary policy
6) don’t d— Maia (@EGirlMonetarism) November 20, 2021
No matter how messed up our economy is or has been, at least we’ve almost always been better than Argentina and Venezuela. Oh and Zimbabwe. We’ve done relatively better than them.
{Editor’s note: On a serious note, if the exchange rate gets that bad, how do you even do math for your daily hisab kitab? If prices were in the billions …. even Profit’s otherwise math-sharp reporters might have a hard time figuring out their bills and discounts.}
The power of the Karachi coastline
Aag lagi hai basti mai https://t.co/6fmqRJxAAW
— Bilal Moon (@serialinvestor) November 24, 2021
It is nice seeing the IMF team explore Karachi and the rest of Pakistan. But Bilal’s tweet made us laugh. This is the same week we reached a staff level agreement. Maybe the beach did its job? Never underestimate the whimsical beauty of the ocean.
Best friend for life
— Kezi (@FURSONAHAVER) November 25, 2021
A plummeting currency? Turkey is beating us by a mile.
New york, New york, New york!
Hey there Delilah what’s it like in New York City wahan bhi petrol mehenga hai?
— فریحہ ✪ (@fay_alif) November 25, 2021
Speaking of miles, I wonder what it’s like in NYC? Especially because we keep comparing petrol prices with the world.
Shots fired
I just found out that my tweet has been used in Friday times. https://t.co/RY6hUruopL
If the article is not taken out and a public apology is not tendered, I intend to pursue a defamation case with my full resources. It is about time journalistic norms are respected. pic.twitter.com/Zdi3ndihY2
— Ozy (@LahoriElite) November 23, 2021
Just throwing some unnecessary (or perhaps very necessary) shade. If you know you know.
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