This is a good 'pointing-fingers' i-told-you-so kind of bureaucracy. They should know better
857 karma · joined January 22, 2020
This is a good 'pointing-fingers' i-told-you-so kind of bureaucracy. They should know better
“Similar to how cities are made from cement and steel, but are really built by their citizens, Reddit is made from code and algorithms, but is really built by our users”
“We see a spirit of entrepreneurship among Redditors, who are constantly pushing the boundaries of what Reddit can be used for. To support their creativity, we are developing new ways to earn money on Reddit. We have enabled artistic users to earn millions creating avatars”
https://www.irs.gov/businesses/corporations/irc-41-asc-730-r...
Companies raise money now to generate cash flows in the future from a wildly risky innovation. Assuming the thesis is correct, the company will then to pay it back to investors (VCs and their investors including Endowment Funds), but also employee and taxes.
As companies grow, they pay more taxes, and this will let government spend in things like education, infrastructure, social security.
It's either this or socialism.
"Capitalism: The worst economic system, except for all the others"
https://support.apple.com/guide/iphone/view-or-change-cellul....
See windmill ships for more on the second question > https://en.m.wikipedia.org/wiki/Windmill_ship
The sheer complexity of canals[1], [2] tides, [3] seasonality influences a great deal on who will have the guts, time and money to visit the region.
[1] https://onlinelibrary.wiley.com/doi/abs/10.1002/eco.1863
[2] https://www.tide-forecast.com/locations/Macapa-Amazon-River-...
Would love if there were additional info on pricing (per pound, per metric), any sustainability issues (see Dark Waters for teflon [1]), and lastly ownership (are these patent protected, largest manufacthrers)
Also, you may want to read Matt Levine's newsletter. It has plenty of very weird examples that sound just like this.
https://www.sec.gov/reportspubs/investor-publications/invest...
If you are Demis Hassabis and want to lead this new initiative:
- Why would you want to report to the CEO of another subsidiary instead of spinning-off another entity within the Alphabet conglomerate?
- You can let the DeepMind team focus in their original areas of expertise.
- You will have a new (and $$$$) budget to hire computational biology PhDs
- With the new entity, you can fail a lot and not make Verily and Calico look bad (inside and out XYZ)
If you are Verily and/or Calico:
- You don't want a newcomer bring the exciting new projects and ruin your projects, budgets, initiatives
- [very speculative] You don't like Hassabis' progress (or is envy of)
- You think this new project will fail and don't this under your umbrella
While this may be the case for capital-intensive businesses (oil, consumer goods, energy), this is usually not the case for intangible-asset businesses (media, tech). In the former, the assets will generate cashflow, whereas in the latter it's a people-centric model
What was the last time you chose yahoo over google or altavista over google?
Google was always greedy, but when it was small it was cool to be the disruptor. Now it's perceived as only greedy. This is typically the case for any successful company (from HP, IBM, to the new 'big tech').
Good (related) book recommendation btw: capitalism without capital
There are reasons why your ID.4 is cheaper than the others (and it always boils down to quality of the parts).
Take a look at this Tesla, Ford, & VW's Electrical Architectures for instance. There are other tear-downs that can confirm
https://www.bloomberg.com/news/articles/2021-10-04/tesla-sho...
People will typically write their intent on the search engine even when they could simply directly to the website.
Case in point: The top 10 bing searches are for websites, including FB, Google, Youtube [1]. This traffic is highly competitive and should (as in all competitive markets) be bid among competitors.
Does anyone know what are the other use cases for these techniques? The article is very interesting! Thanks for sharing
Another theory is that is was a gigantic product/market 'misfit'. It didn't get the traction (nor the user engagement) to make it successful. Not Clubhouse and not a single copycat.
When big tech copies and kills a startup usually someone wins the battle