pjanoman

They're returning the equivalent of 3 million stock options. They gave themselves 11 million stock options between 2017-2020, which means they're still getting around $2 billion for being on the board. They're not returning everything over $1 million at all.

https://www.reuters.com/legal/tesla-directors-settle-lawsuit...

Do you have an opinion on whether the work they've done is worth $2 billion?

While I'm generally pro-HFT and market making, I'm seeing some comments that are equating market making and high frequency trading. They're not the same thing. As an HFT firm, you can have two kinds of strategies: Liquidity providing and liquidity taking. This article calls these two strategies market making and "being an aggressor" in the "Strategy Zero" and "Survival!" sections. The HFT describes their aggressor strategy as follows:

"Mr. F., one of the original hires, coded what we called Strategy Zero. It was simple: have no position, wait for an option edge of a reasonable size, at least a tick. Then, hit it. Wait. Dump it out and take a tick profit."

In this case, the strategy involves 1) seeing that you can buy a security at $10, 2) knowing that the security is actually worth $10.01 and will move to this price in a few seconds, 3) lifting someone's $10 offer, 4) waiting the few seconds for the market to move, and 5) hitting someone's $10.01 bid for a $.01/share profit.

This liquidity taking strategy is not similar to a liquidity providing strategy. Liquidity providing is leaving orders on the order book for anyone to take and gaining money from one person who buys your shares for $10 and from another who sells shares to you at $10.01. This involves more risk to your business.

I think that if you want to debate the merits of whether working at an HFT firm is an actually useful service, you have to look at how often the HFT firm provides liquidity versus takes liquidity. Providing liquidity more obviously tightens spreads and improves prices, as you can't be a successful liquidity provider unless you provide the best prices first. Liquidity taking, however, involves lifting orders from exchanges that you know are incorrectly priced, which seems to me like a more obvious "bad" (or at least less good than liquidity providing).

I'd argue that hiding behind "we let the market determine it" is much more uninspired and unproductive. Economic research now a days is constantly showing that markets are extremely flawed. One example of that is society pressuring employees to not share their wages, which is exactly what this whole article is about.

Honestly I get lost inside of AWS. Only recently was I able to figure out why I was getting charged $.82/month which, in the long run, is really nothing. But it's amazing how hard it was to figure out why I was getting charged for something that I originally thought was just going to be free.

I think apple watch was post jobs. Additionally, while this is more abstract, I think Apple has continued to revolutionize consumer's privacy.

Scarcity alone is definitely not enough to create value. The one piece of artwork I've made in my life is a scarce resource, but that doesn't mean I have people buying it up like its an NFT.

Public policy constantly requires leaps of faith to try to make the country better. You can't know that providing housing to the homeless helps them until you actually try it for the first time.

What is: Based on currently available numbers, there are about 59 vacant housing units for every homeless person in the U.S.[1]. We do not have a shortage of houses, but instead a shortage of desire to house the homeless.

What makes you think we, as one of the most powerful countries in the world, cannot provide housing to the homeless?

Also, if you want to actually have a conversation about this, I would appreciate if you don't belittle my comments.

[1]: https://www.self.inc/info/empty-homes/

Maybe some people believe that, but overall that seems to be more of a straw-man argument if anything. I believe what is more common is the thought that we, as a country, can provide housing for people who have no place to live without making a large impact on tax payers below the upper class. Or is this naive in your opinion as well?

Seems like you can also get housing in Japan for $14/day which is much less than you can in LA, to my knowledge.

https://en.wikipedia.org/wiki/Homelessness_in_Japan#Internet...

1) Many times, yes. If we want to analyze things logically, oftentimes people just need a safe place to stay so that things are stolen from them/they can avoid drugs/they can tell an employer that they live somewhere in order to have a more stable life.

2) Even if they don't suddenly get their life together, that is looking at things too logically in my opinion. In my opinion, it is the moral thing to help out the needy, and that means providing housing. America's big enough to do it.

> There would almost surely be a censoring effect no matter what age cutoff you pick

This seems to be an ethical argument to make the age cutoff 0: in other words, medicare for all.

> surely at some level health econometricians are involved in this type of policy and are aware and facilitate whatever trade-offs are being sought.

I feel like this article would not be massive news if this was true. The other case I recall that would be like this is when oil execs held back info that they were causing climate change. That seems to me to be completely different, however, because that was a private company and we're talking about government employees here.

What does youtube do that is monopolistic? Just because all users congregate onto one site doesn't mean that Youtube needs to be broken apart.

Here's the distinction though: $400 out of the $900 million was returned. Thus, it seems like we can't get past your part A) in this case, as hedge funds had enough reason to think the payment was a mistake that they returned it. I doubt the creditors in this case are so heterogeneous such that one creditor has no reason at all to think it was a mistake while another does.

Users are completely free to not use an Apple product. They have lost no freedom of their own will. Users choose this ecosystem over many other options.

Would you have preferred that they wrote down everyone's birthday, or not have wished you their birthday? I don't see how this applies to the LinkedIn situation.

Maybe people close to Bitcoin know it won't be a usable currency, but unless you closely follow bitcoin, it sure seems like it is built to be a usable currency. Even the name implies this relationship, and the idea of a 'wallet' does too. Tesla just recently bought $1.5 billion worth for exchange, no?

This seems to be a little bit different than other financial crashes where the "little guys" lost out -- in previous situations, most went in trusting that they wouldn't be gambling their savings away because of some financial trust. Now, however, most people are purchasing GME not because they've looked at the underlying value of GameStop and realized it's value, but because they're guessing the price will go up, but deep down know that someone will be left buying high and selling really low.

Not sure exactly what to call it, but it seems to be a difference in consent to gamble $$, if that makes sense.

Would it not be somewhere in the middle though? Instead of completely saying yes or no, maybe Canada would say "We'll allow you to purchase X% of all drugs produced in the country, as we need to hold onto some, but we'd love it if you'd buy the surplus."

Silence is a strong word -- I'm certainly still able to hear news from Donald Trump, even if he was banned from Twitter.

I'm not extremely well-versed in this issue, but it seems like investing in Airbnb is completely different than investing in real estate itself. I feel like the comparison is similar to investing in Amazon versus investing in a company that sells its products on Amazon. Betting on real estate means betting on the value of the home/land increasing, while betting on Airbnb means betting on the company + the future of the market of renting homes.

I did some initial research on Airbnb vs. VRBO, and they do seem like very similar companies. However, VRBO started in 1995, while Airbnb started in 2008. VRBO had a head start, and yet has only 2 million listings in comparison to Airbnb's 7 million[0]. The faster growth of Airbnb in comparison to VRBO might be one reason you'd want to invest in Airbnb over VRBO, especially in an America that allows monopolies to thrive under certain conditions.

[0]: https://www.cnet.com/news/airbnb-vs-vrbo-which-is-the-best-v...

At the end of the 2016 election, Donald Trump had a predicted 1/4 chance of winning the presidency. Does this seem like a massive debacle that Trump won under these conditions? Not to me.

https://projects.fivethirtyeight.com/2016-election-forecast/

And for anyone that wanted how large a zeptosecond is; it's 10^-21.

How do you fund this? I got semi-far with some friends on building a project similar to this, however, we stopped halfway through because we realized that video hosting quickly becomes quite expensive; without a monetization plan, there'd be no way we could stay afloat. Looks great!

If a friend/coworker shares something that they're sad/angry about, sometimes they're not asking for advice. Sometimes they just want someone to relate to them and their struggles. #3 can sometimes be a detractor because, once again, you need to wait for them to ask for advice and not just come in with your own advice/assuming that they are even asking for help. Venting emotions != Asking for help

Firstly, gay marriage has only been legal since 2015 federally — that's a type of abuse. But even if you don't think it is, the American Revolution had some type of value even though slavery was still a part of America's history. Therefore, America still provided some value even though it was abusing its citizens.