8,659 karma · joined August 3, 2014
Based on what exactly, just your opinion? Obviously you know nothing about the grocery business which is a notoriously low-margin business, between 1-3%. The only way that large grocers like Krogers and Albertsons are profitable is purely based on volume. You also realize that groceries are perishable items right? You also realize these are labor and energy inensive operations right? And that there's tons of competition? And of course shrinkage. There is zero chance that it would operate at a profit or break even. By the way it's been tried before look up Baldwin, Florida or Erie, Kansas for examples of city-run grocery failures. There are others as well.
Lastly, nothing about any of this in any way comparable to NYPD as a budgetary item. Comparing retail food to public safety is just really bizarre.
>"In FY2024, total income before transfers was $144.7 million with the total net profit transfer of $140.0 million. Of the $140.0 million, the Liquor Commission transferred $122.0 million to the General Fund"[1]
[1] https://gov.liquorandwineoutlets.com/wp-content/uploads/2025...
>"Although the United States and China are very different and the latter’s approach has its limits, China is moving faster at scaling robots in society, and its AI Plus Initiative emphasizes achieving widespread industry-specific adoption by 2027. The government wants AI to essentially become a part of the country’s infrastructure by 2030. China is also investing in AGI, but Beijing’s emphasis is clearly on quickly scaling, integrating, and applying current and near-term AI capabilities."
Where in the linkedin post does the CEO state that?
My understanding is that they reduced headcount greatly over the last couple of years and were well below a 100 people. The source of this was a then current employee that my company interviewed in November.
It is amusing that accessing "X formerly known as Twitter" by typing "x.com" in a browser still resolves to twitter.com. Is there a reason that a CEO who is unbothered by abrupt and radical changes can't or won't retire the twitter.com domain?
Is there a practical reason for this? Certainly "tiwtter.com" being hardcoded everywhere would not rise to the level of an intractable problem.
Further, what isn't silos seems to be content chum whose main purpose is collecting the reader's email address.
Oddly the modern web seems to be driving me offline and back to books.
https://www.cnbc.com/2023/12/22/tencent-netease-shares-plumm...
I wished the author had elaborated on both of these points. Can people say what are the things that Google can't find? What do people consider the compelling alternatives in 2024?
"Facebooks Endless Pivots":
https://www.axios.com/2022/05/04/facebooks-endless-pivot-met...
Has Facebook as a business ever really pivoted from "social network advertising company?"
>"And Carta’s platform had such potential to do good: arming workers with the tools to navigate thorny and unfamiliar tax laws, guiding companies to ensure equal and equitable pay, helping families create and preserve generational wealth."
My impression was that they were kind of the ultimate SV ZIRP creation - a startup that managed other startups (probably) mostly worthless options.
Can someone say how either of OpenAI's products - GPT and DALLE can be applied to cybersecurity? Or does OpenAI simply have enough extra employee and research headcount when Pentagon money comes calling?
I feel like the same can be said for Auto-Correct, also from about the same era. How is it that with all of the edge processing it's still the same old miserable experience? It seemed to me that it actually got worse.
>"We fired ~40 sales people out of over 1,500 in our go to market org. That’s a normal quarter."
If firing 40 people every quarter is normal for you then your company culture is fucked.
>"Sadly, we don’t hire perfectly. We try to fire perfectly."
Oof. It's bizarre to me that any CEO would read that second sentence and think that's some kind of virtue worth extolling publicly.
>"Chris Paul was a bad fit for the Suns, but he’s undoubtedly a great basketball player."
Comparing now unemployed folks with an elite NBA athlete who makes 28 million a year? It's hard imagine that statement made anyone affected feel better, assuming they understood the reference.
>The bank began layoffs in November. At the time, employees speculated Citi would ultimately cut 10% of its workforce.
>They were spot on, executives confirmed Friday.
I can't imagine the morale working in an environment where layoffs are slated to continue for the next two years. Citibank had already been a toilet of a bank for some time. I'm guessing a multi-year layoff plan will do little to alter that.
[1] https://weareyard.com/insights/worst-celebrity-private-jet-c...
Is this the consensus then that is really rough out there right now? I know that big tech has been hit hard the last year but is the outlook equally bad for startups, enterprise etc. as well?
https://www.cnbc.com/2023/05/11/techs-new-business-model-do-...