appleiigs

For revenues, Square is $7B vs Cash App is $10B. However, the gross profit is both Square and Cash App are $3B.

If the accounting and regulations reflected what was actually happening (mark-to-market) instead of some accounting non-sense (book-value), then the performance of the bankers would be reported accordingly.

The accountants don’t just review. As i mentioned, they established the accounting rules for the financial statements - which incentives are measured against.

The accounting is so far off that financial analysts spend a significant amount of time un-doing the obsfuscation the accounting does. And if they can’t see it, stuff like SVB happens

They're conflating 2 issues. The first issue is liquidity management. The second is accounting.

If the accounting auditors are doing their job then the bank managers don't get to cook the books. The accounting rules are set by the accounting industry. If the financial statements don't reflect what's happening, it's the accountants fault. So, it's incorrect to imply that bankers are doing something nefarious. At this point no one has suggested an Enron or FTX type scandal.

What's more likely is just the incompetence with liquidity management, incompetence with the crisis handling.

Even in Canadian personal account you can wire as much as you want out - same day value to the destination. Only limitation is if you want it in cash because they'll have to get the paper bills delivered since the branch only holds so much paper bills.

> We deployed over 1k RasPi's for a particular customer

Is that the proper tool for the job?? I just read an article saying "Unpopular Opinion: Don't Use a Raspberry Pi for That" (https://news.ycombinator.com/item?id=35260322)

Are all 1000 all together or is it broken down by age/grade, then classroom and such? How about role of parenting?

Your comment doesn’t make sense. What profit motive? It drove them to shutdown and people to use ad blockers. The feedback loop is positive: behave well -> profit. Your comment discusses the inverse: behave poorly -> go to jail.

yeah, the first paragraph says, "will see their home screen get a substantial makeover that founder Daniel Ek says will see the platform "come alive" with different content - from videos to audiobooks."

It's not just a product manager driving this.

"In my opinion, not to offend, acknowledging diveristy, a modern way he/she/they write typescript"

Some need to walk before running. Walk the distance you want to run (e.g., 10K) and your body will tell you where your fitness level is at. I walked a month before running.

It's an HR thing, so if not large enough to have HR bureaucracy probably not common.

> no company is going to drag candidates through interviews for jobs that don’t exist

This happens all the time. The team will have an internal candidate they want, but HR dept is worried about optics of fairness, so the team is forced to put on a show by interviewing people who have no chance of being hired.

This article is like a meeting... too long, wordy, unfocused, unclear action items.

Look at this paragraph, what the heck: "Recognize that it takes active resistance for interpretation spaces to thrive in tech orgs. There is such a strong pull in our work systems to decompose work that it’s borderline revolutionary to center integration and meaning instead."

Probably not worth the multi-generational punishment.

When we're talking about a bird flu, "resilient" can mean having better hygiene practices. A lot of hygiene practices include improved infrastructure, more materials (e.g., personal protective equipment (PPE) like plastic covers over boots and disinfecting pans which you step in so you're not spreading bird poo on your boots).

When bird flu comes around, I keep it out. Which means I have same volume of eggs, and selling them at market prices... increased profit.

Then the mob comes around complaining that I'm price gouging.

> I will never understand why Google has never come up with a viable marketing strategy for Android, to be fashionable in its own different way.

It's leadership. Steve Jobs had a drive for design, easy to use. Elon Musk has a drive of "why not?" (for lack of better words from me).

What does Google have? What direction are they going? Hard to say.

Gross profit doesn't include dev salaries, marketing or fixed costs such as offices. You're using the wrong metric.

Do you remember Microsoft FrontPage or Dreamweaver? I was thinking about going into computer science around 1997-8. When I saw all these WYSIWYG website creators, I thought forget it, programming is a dead-end career.

It's easy to change Mac to your preferences. I have Alfred.app for key mapping, custom search. HazeOver.app to dim background windows. Alt-tab.app for window switching (making it look like Windows 10). NightOwl.app to switch to dark mode on a schedule. Karabiner.app, SensibleSideButtons.app, and the list goes on for me.

If a person is that sensitive to workflow, neither standard Mac or Linux will suffice.

I find Linux to be more difficult to customize because everyone is using different desktop distros which i think causes these types of apps to be buggy.

Do you remember the glowing puck from 1996? For some viewers it was difficult to see where the puck was, so Fox made the puck look like a red comet on TV when someone took a shot.

Lots of stories like this in finance. In Flash Boys book, it discuss finance firms laying 800 miles of fiber across mountains just for trading. Bloomberg terminal tracks oil tankers. Hedge funds using satellite photos to see how busy shopping malls are. To take that even further, a hedge fund hired hundreds of people to sit in Luckin Coffee stores to track traffic and what customers purchased... on and on.

Is it a familiarity thing? Did your families/parents like dark roast, ice in scotch and well done?

The article says there is a difference.

At work the telecom guy was proud of the telephone number he gave me ("very easy to remember!" he said). Well, it turns out it was one digit off of the local Alcoholics Anonymous help line. I had digit "1" and AA had "7". I got a lot of drunken phone calls and voice messages. All depressing since they were asking for help. Figured it out after a few calls, but from now on I'll take the ugly telephone numbers.

So you want to tax the lightest cars and give a pass to large trucks which have a poor 0-60 time? Just like the comment you are replying to, you're taxing the wrong metric. Need to be more direct in taxing the problem.

It should just be part of the conversation... it's typically contrarian to what the conversation is discussing, or opposite of your stereotype.

If they're discussing alternative music, I say "uh, i like Taylor Swift". If they're discussing cars, I'd say I love minivans ("they're so useful!").

After reading the OP comment, saying my favorite language is Scheme is one I might try when talking programmers haha. In this case, I don't know anything about Scheme, so I'd see their reaction and just say I was just joking.

When meeting people for the first time, I will often say something quirky just as test. Their reaction is great info to have. There are so many different reactions that a rude response is a major red flag and I'm done or wary from then on.

Good responses are, on one side of spectrum, they think it's funny and interesting. In the middle (also good responses) they or ask why or politely disagree. On the not so good, they politely disagree but think you're stupid without saying it. Then, out of all those response options, if they pick being rude, then you have a very strong indicator.

To add some personal context, I'm the same where as I get older the company needs to impress me with a good work environment. But not because my resume is better or that I'm financially better off. It's because I've learnt from personal experience that a crappy work environment is not worth tolerating. (Same goes for personal relationships).

Yes, they are sitting on too much cash. There was a WSJ article titled "CFOs Seek High Returns on Cash, but Banks May Be Slow to Raise Rates". The article says "That's due to the size of the cash piles sitting at banks - both from companies and consumers - and the loan-to-deposit ratio, which measures the amount of deposits being handed out as loans which has been hovering at decade lows around 60% in recent quarters".

I was about to post the same comment: price is set at the margin.

Also, if you look at the 5% in different ways, it becomes more significant. In your neighbourhood across Canada, 1 in 20 of the houses is owned by a foreigner. Now if you concentrate that in to Vancouver and Toronto... lets say 1 in 10 is owned by a foreigner... really starting to have an impact.