Spinnerette.Anagram Challenge: 10.08.24
+1.31 CHG x 3 companies
GOOG + COR + SN
Deciphered
GORGONS CO
A word about numbers…
For me, numbers play both a cryptic and noteworthy role. From the moment we are born, we are assigned a specific date, time and location and for those born in America a Social Security Number that follows us throughout our lives.
Each week I select various CHG numbers based on a relationship I have with certain numbers - something we all experience. While you play the Game you may feel connected to other numbers that I miss because I do not see them as quickly; after all, I am sifting through a 1,000 companies. Ultimately, a dialogue-driven anagram emerges.
This week I decided to take the opportunity to write about the numbers I play with each week that generates the Spinnerette.Anagram conversation. For example, this is the second consecutive week that the CHG number +1.31 produced a Spinnerette.Anagram. This has prompted me to write about my fascination with numbers and how they play a role in the development my game.
First of all, the number 131, is known as a palindrome which is a number that reads the same forwards and backwards. When analyzed through the lens of numerology, 131 resonates with themes of new beginnings and personal growth. The presence of the number 1 signifies individuality, leadership, and the initiation of new projects, while the 3 embodies creativity, self-expression, and social interaction. Together, they form a dynamic synergy that encourages us to embrace transformation and engage with our surroundings in meaningful ways.
Obviously, it would be impossible to play my Spinnerette.Anagram Game without the CHG numbers. The CHG numbers serve as the essential thread that weaves together my weekly conversations. Without the number MTCH-UPS, the game would lack its foundation. It is this captivating interplay of numbers that first drew me into the world of letters, where jumbled sequences transform into words, coherent phrases, and sometimes sentences that are rich with meaning and favorable for exploration. The magic lies in the way these numerical clues open gateways to profound dialogue, allowing players to dive deep into the kingdom of creativity and intellect. Thus, it is through this intricate dance of numbers and letters that we find ourselves not merely playing a game, but embarking on a journey of discovery, where every turn reveals new possibilities and insights, all triggered by the powerful CHG numbers.
Onto this week’s Spinnerette.Anagram…which explores Greek mythology, the symbolism of snakes and has also given the Stock Market Weaver the ‘good fortune’ to cover the dark side of corrupt businesses.
A brief history of Gorgons in Greek Mythology…
In ancient Greek mythology, Gorgons are often depicted as monstrous female creatures, most famously represented by the three sisters: Stheno, Euryale, and Medusa. These figures are characterized by their hair of living snakes and a gaze that could turn anyone who looked directly at them into stone. The origins of the Gorgons can be traced back to various ancient texts, including Hesiod's "Theogony," where they are described as daughters of Phorcys and Ceto, primordial sea deities.
The most renowned of the Gorgons, Medusa, is particularly fascinating. Unlike her immortal sisters, Stheno and Euryale, Medusa was once a beautiful maiden who served as a priestess in Athena's temple. However, she was cursed by Athena as punishment for being seduced by Poseidon. This transformation into a Gorgon is often interpreted as a complex metaphor for the themes of power, femininity, and victimization.
The legacy of the Gorgons extends beyond their mythological origins, influencing art, literature, and popular culture throughout history. They have been depicted in countless sculptures, paintings, and films, often symbolizing the duality of beauty and terror. Their story invites reflection on themes of transformation, the nature of fear, and the consequences of divine retribution, making the Gorgons a lasting and compelling aspect of mythological opinions.
Snake symbolism…
In various cultures and spiritual traditions, the snake is a potent symbol that embodies a multitude of meanings, often oscillating between dualities such as creation and destruction, wisdom and ignorance, or healing and venom. Throughout history, snakes have captivated human imagination, representing the cyclical nature of life, death, and rebirth. One of the most prominent aspects of snake symbolism is transformation. This is primarily due to the snake's ability to shed its skin, a process that signifies renewal and personal growth.
Stock Market Weaver probes into some of the Corrupt businesses of modern times…Several companies have become notorious for taking advantage of investors, often through deceitful practices, lack of transparency, or outright fraud. In my opinion, they epitomize the chilling essence of Gorgons!
One prominent example is Enron, the American energy company that became a symbol of corporate greed and corruption. In the late 1990s, Enron reported inflated profits and engaged in complex accounting practices to hide its debts. When the truth emerged in 2001, it led to one of the largest bankruptcies in U.S. history and wiped out billions in shareholder value, not to mention the loss of thousands of jobs.
Another significant case is that of Lehman Brothers, which filed for bankruptcy in 2008, marking a crucial moment in the global financial crisis. The investment bank employed risky financial practices and misrepresented its financial health to investors, contributing to the collapse of not just the firm, but also activating a worldwide economic downturn that affected millions.
The dot-com bubble of the late 1990s also showcased several companies that misled investors. Companies like Pets.com, which was heavily hyped despite a lack of viable business plans, attracted massive investments based on speculative enthusiasm rather than sound financial fundamentals. When the bubble burst in 2000, many investors faced significant losses, leading to widespread skepticism about internet startups.
In the world of pharmaceuticals, Theranos became infamous for claiming to have developed revolutionary blood-testing technology that required only a few drops of blood. The company, led by Elizabeth Holmes, attracted substantial investments by promising to disrupt the industry. However, investigations revealed that the technology was largely a facade, leading to criminal charges against Holmes and a loss of nearly $1 billion in investor funds. In May of 2023, Holmes was convicted of fraud and conspiracy for falsely defrauding investors; Holmes is serving an 11-year prison sentence.
Additionally, the case of Bernie Madoff’s Ponzi scheme stands out as one of the largest financial frauds in history. Madoff promised consistent, high returns to investors, which he funded by using the money from new investors to pay earlier ones. The scheme unraveled in 2008, revealing losses of approximately $65 billion and devastating countless individuals and charitable organizations. Bernie Madoff was sentenced to 150 years for his Ponzi scheme; he died in prison on April 14, 2021.
As of October 2023, various companies in the cryptocurrency space have faced scrutiny, but one that has notably attracted attention for alleged fraudulent activities is a company called “CrypoWave.” This firm had garnered a significant following among investors by promoting high returns on Bitcoin investments, promising guaranteed profits that seemed to good to be true. It was another Ponzi scheme!
Most recently, Sam Bankman-Fried former CEO and founder of FTX cryptocurrency exchange who had a global reach with more than 130 international affiliates was convicted of seven counts of fraud in November 2023 and as of March 28, 2024 is serving a 25 year prison sentence.
These examples illustrate a pattern of companies exploiting investor trust through manipulation, misinformation, or outright fraud. They serve as cautionary tales about the importance of due diligence, transparency and ethical practices in the Global World of investment.
What is that saying? Crime doesn’t Pay! So True! So True!
The companies that created Today’s Spinnerette.Anagram are:
GOOG is Google, officially known as Alphabet Inc. a multinational technology company that has become synonymous with the internet itself. The company was founded in September 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University. Google began as a search engine that used a unique algorithm to rank web pages based on their relevance and authority. This innovative approach not only revolutionized the way people accessed information online but also set the foundation for Google's rapid growth into one of the most influential companies in the world and remains at the forefront of shaping the digital landscape. The company is headquartered in Mountain View, CA.
At its core, Google’s mission is to "organize the world's information and make it universally accessible and useful."
A DADDY LONGLEGS: Despite its success, Google has faced scrutiny and regulatory challenges over privacy concerns, data handling practices, and its dominant market position. Governments around the world are increasingly examining the implications of Google's influence on competition and consumer rights, leading to legal battles and discussions about antitrust regulations.
Industry is Internet, Cloud Computing, Computer Software & Hardware, Artificial Intelligence and Advertising
Revenue is more than US$350 BILLION and employs approx. 185,719.
Traded Today @ $165.70
COR is Cencora Inc. formerly Amerisource Bergen Corporation founded in 2001 and is headquartered in Conshohocken, PA. The company is a prominent player in the healthcare and pharmaceutical industry, specializing in providing comprehensive solutions for the distribution and management of biopharmaceutical products. With a strategic focus on enhancing the accessibility of innovative therapies, Cencora has positioned itself as a vital link between manufacturers, healthcare providers, and patients.
Industry is Pharmaceutical
Revenue is US$294 BILLION and employs approx. 46,000.
Traded Today @ $220.81
SN is SharkNinja Inc. a consumer goods company that specializes in innovative household appliances, particularly in the categories of floor care and kitchen solutions. It was founded in 1994, by Mark Rosenzweig and is headquartered in Needham, MA. The company has grown significantly, gaining a reputation for its commitment to quality, performance, and user-friendly design. SharkNinja's product line includes a variety of vacuum cleaners, including upright, cordless, and robot models, as well as kitchen appliances such as blenders, food processors, and coffee makers.
Industry is Small Home Appliances
Revenue is more than US$1 BILLION and employs 3,000.
Traded Today @ $109.62
Company/corporation and Spinnerette.Anagram information is from AI-Chatex and Google Wikipedia