The <marquee> tag is a throwback! Love it (in a toy project like this)
543 karma · joined October 5, 2016
No idea if it's practical.
Great summary of the situation from the article: “Neumann created a company that destroyed value at a blistering pace and nonetheless extracted a billion dollars for himself. He lit $10 billion of SoftBank’s money on fire and then went back to them and demanded a 10% commission. What an absolute legend.”
When you open Netflix, you just want to watch something interesting within some category. That opens the door to Netflix creating its own content and puts them in a much better negotiating position vis-a-vis Hollywood. They don't need to license everything.
There's a great Planet Money episode explaining the brokenness of the existing system (https://www.npr.org/sections/money/2018/08/01/634737852/epis...). NPR ends up substantiating the claim of an entrepreneur who says that it costs him more to send a package across the street than it costs someone in China to send a package to that same address.
On page 3 of their brochure (https://www.ceramicspeed.com/media/2979/driven_brochure.pdf), they're showing 0.5% - 1.0% efficiency gains over a traditional drivetrain that is cross-chained, meaning that if you use a traditional drivetrain correctly (i.e., shifting so as not to cross-chain) the gains are likely significantly smaller.
As ben7799 said, this company is primarily in the business of selling very expensive products that have minimal impact on performance.
Good thing we can indicate our love with persnickety comments and have no need for such a program.
https://mobile.weather.gov is really nice lightweight website with no ads.
The Bitcoin network worked as expected, but by most normal definitions of fraud, I've defrauded you.
> airlines needed it
No, they didn't. Regulation of fares, routes and market entry of new airlines kept prices artificially high until airlines were deregulated in the late 70s. Quoting from Wikipedia (https://en.wikipedia.org/wiki/Airline_Deregulation_Act#Effec...): "A 1996 Government Accountability Office report found that the average fare per passenger mile was about nine percent lower in 1994 than in 1979. Between 1976 and 1990 the paid fare had declined approximately thirty percent in inflation-adjusted terms. Passenger loads have risen, partly because airlines can now transfer larger aircraft to longer, busier routes and replace them with smaller ones on shorter, lower-traffic routes."
The broker can send the order to the exchange with a field denoting their preferred market maker. In the absence of that field being populated, orders are allocated either by size (% of the best bid) or by time (who established the best bid first).
If that field is populated and the preferred market maker is on the best bid or best offer, he receives an outsized allocation of the order. The market maker keeps track of the number of contracts it has traded with that broker where the field was set and pays the broker whatever fee they've contractually agreed upon multiplied by the number of contracts.
The market maker can afford to do this because retail order flow is highly profitable to trade against (it's "dumb money"). In fact when a market maker runs a look back analysis on the profitability of his trading, he will see that his trading with other market makers and institutional orders results in almost no profit, whereas the retail flow is highly profitable.
This "payment for order flow" (PFOF) is not shared with the customer. So even if the customer pays no fee to trade, Robinhood can still earn a profit.
Source: Was an electronic options trader