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Nelson Antoine

SS Financial results

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" Our margin expansion initiatives have begun to take hold..." a euphemism for treating contributors and their files as expendable liabilities to be exploited as much as possible.

"we are accelerating several targeted investments in our platform solutions offering and marketing and brand building to support growth in our subscriptions products....." means we will be offering larger subscription plans at even cheaper prices to customers.

"consistently deliver incremental margin expansion...." means will continue to reduce revenue to contributors.

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what they did is just a financial operation. reduce revenue for contributors is like to cut salaries and that means more money for shutterstock investors.

shutterstock stocks rose 46% in july

 

so we lose and they win

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3 hours ago, Mike Kuhlman said:

Makes me want to buy some shares of SS stock, but I know it's violatile, all over the place in value, up this quarter, next quarter who knows.

You are too late, profit's been made! Anyhow you can get a better dividend yield elsewhere. But here is an idea: How about contributors with a portfolio of a certain size and over being made shareholders? Now that would be a nice incentive, with maybe incremental share holding growth as the portfolio grows. 

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16 minutes ago, Rob Lavers LRPS said:

You are too late, profit's been made! Anyhow you can get a better dividend yield elsewhere. But here is an idea: How about contributors with a portfolio of a certain size and over being made shareholders? Now that would be a nice incentive, with maybe incremental share holding growth as the portfolio grows. 

Offer the ability to take payout in the form of shares, at a discount to the market price but with a lock-in period to justify the discount.

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I disabled my video port, wating for a payout and leaving here. look nobody is pointing a gun at our heads and policies here will never change. We are no important and have no recognition here for what we do. Its demeaning and undermines who we are as individuals. 

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1 hour ago, Charles Lewis said:

Offer the ability to take payout in the form of shares, at a discount to the market price but with a lock-in period to justify the discount.

Or a mixture of 50% cash, 50% discounted shares.

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On 7/29/2020 at 4:21 PM, Charles Lewis said:

Offer the ability to take payout in the form of shares, at a discount to the market price but with a lock-in period to justify the discount.

I am afraid 98% of contributors don't even know on which stock exchange SS is listed or what the approximate share price is, let alone wanting to bother with opening a trading account (often from "difficult" other countries that the US). It would be a serious undertaking from the administration point of view, especially when they don't even want to pay for reviewers! Don't see it as a feasible route. Also, the share price is so high (relatively speaking) that for most of us here would take 2 months+ to "convert" earnings to a single share or would have to deal with half shares and fractions of a share, etc... Not very practical. 

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31 minutes ago, Studio 2 said:

Love that. 'Reverse Robin Hood' ie steal from the poor to give to the rich. Stan the Man is a master of obfuscation. 

Blah, blah, blah. If it didn't cost us contributors dearly, it would be almost funny to read how they twist the truth and reality toward their shareholders and try to make it sound like they (management) are financial geniuses, whereas all it is is that the 17 cent increase to them per download all came out of the contributors' pockets. Just boggles the mind how they twist words!

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Whodathunkit? Shutterstock & Covid-19 as a double whammy for contributors (less dls + lower payments) result in a double profit boost for SS. Subscription utilization by clients is down which means SS  makes more on its subscriptions by doing nothing. Of course, at some point clients are going to reconsider their image plans and possibly move from 750dls/month to 350dls/month and use all of the 350 dls allowed.

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On 7/31/2020 at 2:50 AM, Matylda Laurence said:

 

Well, either someone is lying, or someone lying.  Either SS is lying about the content catalog jumping to 340 million, or all these contributors on here that said they were no going to upload new content, did not follow through with their threats.  SS knows what they are doing, and they have no reason not to do it.  I wonder if they drop the payout to $0.01, if that would be enough to get people to stop uploading.  Probably not.

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51 minutes ago, The Jungle Explorer said:

Well, either someone is lying, or someone lying.  Either SS is lying about the content catalog jumping to 340 million, or all these contributors on here that said they were no going to upload new content, did not follow through with their threats.  SS knows what they are doing, and they have no reason not to do it.  I wonder if they drop the payout to $0.01, if that would be enough to get people to stop uploading.  Probably not.

I don't think SS is lying. 329 Million images and 18 Million clips.... that's more than 340 Million... However, this is not vkachek, and quietly crawled...
And will ship, for someone and $0.1-happiness.

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On 7/31/2020 at 4:05 AM, Studio 2 said:

obfuscation. 

Learn something every day! 
Word of the day: 
 
ob·fus·ca·tion
/ˌäbfəˈskāSH(ə)n/
noun
  1. the action of making something obscure, unclear, or unintelligible.
    "when confronted with sharp questions they resort to obfuscation"
     
     
     

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10 hours ago, The Jungle Explorer said:

all these contributors on here that said they were no going to upload new content, did not follow through with their threats. 

All these contributors here in the forum. Is it 10 or 20 ..? Out of hundred thousands of contributors ...

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Well I have uploaded nothing since the change came in but have climbed several hundred places up the performance list, so a lot of people above me must have dropped out. Very naive of Shutterstock to think that subscribers underusing their allowances is a good business strategy, they will either have been stockpiling images/clips in libraries for use later, or dropping to a cheaper package, or both, so whichever way it is going to cost SS.

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14 minutes ago, Rob Lavers LRPS said:

Well I have uploaded nothing since the change came in but have climbed several hundred places up the performance list, so a lot of people above me must have dropped out.

Hi Rob I haven't uploaded anything either but have been busy uploading to AS & DT...infact they are accepting much of the content that SS rejected these past months for noise focus etc...BTW could you enlighten me on where I can see the performance list thanks Matylda

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2 minutes ago, Matylda Laurence said:

Hi Rob I haven't uploaded anything either but have been busy uploading to AS & DT...infact they are accepting much of the content that SS rejected these past months for noise focus etc...BTW could you enlighten me on where I can see the performance list thanks Matylda

Yes, I'd be interested in that list as well.

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17 hours ago, The Jungle Explorer said:

 

 

Well, either someone is lying, or someone lying.  Either SS is lying about the content catalog jumping to 340 million, or all these contributors on here that said they were no going to upload new content, did not follow through with their threats.  SS knows what they are doing, and they have no reason not to do it.  I wonder if they drop the payout to $0.01, if that would be enough to get people to stop uploading.  Probably not.

People upload to free sites like Unsplash, so it doesn’t surprise me people upload here for 10 cents, and there will still be people uploading here for 1 cent

SS is laughing all the way to the bank

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On 8/4/2020 at 2:23 PM, Matylda Laurence said:

Hi Rob I haven't uploaded anything either but have been busy uploading to AS & DT...infact they are accepting much of the content that SS rejected these past months for noise focus etc...BTW could you enlighten me on where I can see the performance list thanks Matylda

The site is https://microstockrank.com/ although I have just noticed it hasn't updated since January so I am sorry to have misled you, it looks like a dead site now. I was obviously busy after Christmas!

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