28,659 karma · joined April 1, 2015
I find this argument uncompelling as everyone can obviously see that things changed since February 2020, and sunk costs do not justify throwing more good money after bad. It could easily have been the correct decision to acquire more office space years back and it could just as easily now be the correct decision to divest that office space if more workers are remote, and it's not anyone's fault for not having seen into the future that there'd be a global pandemic.
Again, more overwrought language. People are doing this out of their own free will, and benefiting substantially from it. If you truly care about people being exploited in uneven financial situations, you would do well to put all your effort towards enacting a higher minimum wage, removing part-time and contractor classification for all low-paying jobs, etc. Because complaining about fun YouTube videos paying people six figures for not all that much time ain't it. And if you really think that people who don't have lots of money can never consent to doing anything, well god isn't that a paternalistic approach that infantilizes adults.
So, yeah, good options are available out there for lots of things, it's just the consumers aren't picking them (or don't do research and thus aren't aware of their existence). And the manufacturers and retailers are understandably interested in pushing the products that make the highest profits for them, just like the consumer should have an interest in getting the best deal for themselves. But I don't know what the alternative would be.
But you certainly don't want to be the bagholder who held it when it was high (the price Elon was willing to pay for it) and then rode it all the way down to the bottom when it cratered.
I don't understand this sentiment at all. I know quite a few people who worked on the Google Domains team. It was a good team, a good product, and it sadly was all blown up by some senior executive decision that didn't make any sense.
Why can't I feel bad for the workers I knew whose product got deleted out from under their feet?? Some of them are in the process of getting laid off now!
You got lucky. Twitter's revenue is down 80% since it went private, and your shares would correspondingly be worth a tiny fraction of what they were originally worth if you still owned them. Musk has succeeded with other companies but his Twitter acquisition has been a total failure. He simply doesn't understand how to run a social networking company.
On the contractor front though, you aren't going to remotely get the best and brightest by going that way, not unless you're actually contracting with industry leaders who are going to be charging way more than FTEs will cost you (and there aren't that many industry leaders). There are so many good tech companies out there offering FTE positions, so a company offering a lower-paid, lower-benefits contracting positions is simply not going to be competitive in the labor marketplace.
And "there is a big difference but not everyone cares about it" is quite different from "there isn't a big difference". The latter is clearly false.
But if Tesla is really doing so well as you claim, why has their net profit significantly decreased two quarters in a row now? Why is their stock back at levels from 4 years ago? Why has it underperformed the S&P by 17 percentage points sinc ethen? https://apnews.com/article/tesla-earnings-second-quarter-sal...
Twitter is a complete dumpster fire (revenue down 80% since he acquired it, and is now making only around 10% of the money required to even service the debt from acquisition). Basically every company he's involved with is doing terribly, except for SpaceX, which fortunately has Gwynne Shotwell at the helm. But even SpaceX isn't doing so well with their latest rocket, Starship; the upper stage is simply way too big and heavy for most uses, and will require up to 15 (!!) additional refueling in-orbit refueling launches to fully refuel a single Starship for missions beyond LEO, like the upcoming lunar missions. This is a huge liability that casts doubt on the overall architecture. Contrast with the Saturn V, a smaller rocket that could nevertheless do an entire self-contained lunar mission with a single launch.
I was a huge Elon fan for many years, but everything he's been doing recently has been a swing and a miss.