51 karma · joined November 25, 2019
So I believe in technology evolvement and use crypto currencies which solve both problems.
If you believed distributed databases would replace centralized databases, why wouldn’t you believe distributed money would replace centralized money?
But I think the price is reasonable because the Fed printing machine won't stop and US has long lost the opportunity to ever increase interest rate so everything will just pop up like end of world, e.g. what has Apple done this year so they are now worth 1 trillion more than last year? Thus 60b for Airbnb is basically the same as 30b last year.
tl;dr: if your asset doesn't pop 100% this year, you are a fool.
Running a company is a different skillset from getting to the position.
Sad to see this kind of shit from a YC funded CEO.
There is no way to fix it other than inventing a new niche thing.
Smart for them to hire an American CEO, though. But I still believe FB has more lobbyists.
Another possible outcome is they will be forced to sell TikTok to some holding companies in the US.