4 ms·

Great quote: >Apple has taken money from a party that is so unsympathetic that it can’t appeal to a greater authority for redress. Apple has brazenly, in broad

Great quote: >Apple has taken money from a party that is so unsympathetic that it can’t appeal to a greater authority for redress. Apple has brazenly, in broad daylight, stormed into the Bank of Facebook, looted its most precious resource, and, camouflaged under the noble cause of giving privacy controls to the consumer, fled the scene.

lotsofpulp 6y ago
>Apple has taken money from a party Facebook does not already have money from future ad revenue, therefore Apple cannot have “taken” it. > that is so unsympathetic that it can’t appeal to a greater authority for redress. Facebook cannot appeal to a greater authority for redress because no crimes were committed against them. The rest of the quote is also hyperbolic nonsense. “[Apple] fled the scene” does not make the slightest bit of sense.
- throwaway3699 6y ago
  The "money" here is data, not dollars.
  - lotsofpulp 6y ago
    Then it makes no sense for the author to use the word money instead of data. And even if you substitute data, Facebook does not already have future data, just like they do not already have future ad revenue.
    - socialist_coder 6y ago
      I thought it was pretty apt analogy... makes perfect sense to me. Comparing it to one criminal gang robbing another - yes! It sounds like you are trying to interpret it very literally?
      - lotsofpulp 6y ago
        Analogies have to be consistent in their relationships between the objects of the analogies. I broke down the inconsistencies. The utility of an analogy that compares every business offering a better product to consumers as a thief robbing another thief is pretty useless to me. I guess the internet came in and robbed all the travel agents, secretaries, map makers, and other obviated middlemen too. And Facebook and Google robbed all the ad agencies. And then “fled the scene”.
        shkkmo 6y ago
        I don't think you understood the analogy at all. The analogy is not "robbery" but "rob the mob". Namely, the idea that if your target is reprehensible enough, you can get away with things that you otherwise couldn't.
        lotsofpulp 6y ago
        Does that imply that Apple would not “get away” with their privacy moves if Facebook was not reprehensible? I do not see why Apple would have to “get away” with anything. They did something their customers like, what difference does it make if Facebook is reprehensible or not?
    - unethical_ban 6y ago
      Of course Facebook doesn't LITERALLY have future data, we aren't in the future. I don't see how one can miss the point here.
- analog31 6y ago
  Traditionally, the value of a business was related to the net present value of its future earnings. I don't know if that's an ironclad rule in today's investment world. But I think that reasonably anticipated future revenue is still a form of value.
- warrenm 6y ago
  It's called "humor"
- telendram 5y ago
  Ever heard of the concept of "selling your business" ? On what ground is it valued, at sell time, if not based on the promise of future equivalent revenues ? This is hard, concrete, evaluated, value.
- perl4ever 5y ago
  >Facebook does not already have money from future ad revenue, therefore Apple cannot have “taken” it. Suuuuuure they can... This is a thing! There was a recent financial scandal where a company started out by buying accounts receivable at a small discount and ended up loaning money for hypothetical accounts receivable from hypothetical customers. https://www.bloomberg.com/opinion/articles/2021-04-06/greensill-capital-financed-imaginary-invoices-for-gupta-s-liberty https://www.bloomberg.com/opinion/articles/2021-04-06/greens...

lotsofpulp 6y ago

>Apple has taken money from a party Facebook does not already have money from future ad revenue, therefore Apple cannot have “taken” it. > that is so unsympathetic that it can’t appeal to a greater authority for redress. Facebook cannot appeal to a greater authority for redress because no crimes were committed against them. The rest of the quote is also hyperbolic nonsense. “[Apple] fled the scene” does not make the slightest bit of sense.

throwaway3699 6y ago
The "money" here is data, not dollars.
- lotsofpulp 6y ago
  Then it makes no sense for the author to use the word money instead of data. And even if you substitute data, Facebook does not already have future data, just like they do not already have future ad revenue.
  - socialist_coder 6y ago
    I thought it was pretty apt analogy... makes perfect sense to me. Comparing it to one criminal gang robbing another - yes! It sounds like you are trying to interpret it very literally?
    - lotsofpulp 6y ago
      Analogies have to be consistent in their relationships between the objects of the analogies. I broke down the inconsistencies. The utility of an analogy that compares every business offering a better product to consumers as a thief robbing another thief is pretty useless to me. I guess the internet came in and robbed all the travel agents, secretaries, map makers, and other obviated middlemen too. And Facebook and Google robbed all the ad agencies. And then “fled the scene”.
      - shkkmo 6y ago
        I don't think you understood the analogy at all. The analogy is not "robbery" but "rob the mob". Namely, the idea that if your target is reprehensible enough, you can get away with things that you otherwise couldn't.
        lotsofpulp 6y ago
        Does that imply that Apple would not “get away” with their privacy moves if Facebook was not reprehensible? I do not see why Apple would have to “get away” with anything. They did something their customers like, what difference does it make if Facebook is reprehensible or not?
  - unethical_ban 6y ago
    Of course Facebook doesn't LITERALLY have future data, we aren't in the future. I don't see how one can miss the point here.
analog31 6y ago
Traditionally, the value of a business was related to the net present value of its future earnings. I don't know if that's an ironclad rule in today's investment world. But I think that reasonably anticipated future revenue is still a form of value.
warrenm 6y ago
It's called "humor"
telendram 5y ago
Ever heard of the concept of "selling your business" ? On what ground is it valued, at sell time, if not based on the promise of future equivalent revenues ? This is hard, concrete, evaluated, value.
perl4ever 5y ago
>Facebook does not already have money from future ad revenue, therefore Apple cannot have “taken” it. Suuuuuure they can... This is a thing! There was a recent financial scandal where a company started out by buying accounts receivable at a small discount and ended up loaning money for hypothetical accounts receivable from hypothetical customers. https://www.bloomberg.com/opinion/articles/2021-04-06/greensill-capital-financed-imaginary-invoices-for-gupta-s-liberty https://www.bloomberg.com/opinion/articles/2021-04-06/greens...