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It's possible that this project was created as a sort of L8+ engineer/manager retention program. There's been some reporting that high level execs have been lea
by manningthegoose 5y ago
It's possible that this project was created as a sort of L8+ engineer/manager retention program. There's been some reporting that high level execs have been leaving GAMMA companies for blockchain/crypto projects with high payout potential[1]. I wonder if Google is heading in this direction to toss these people a bone with the hopes they'll stay.
[1] https://www.nytimes.com/2021/12/20/technology/silicon-valley-cryptocurrency-start-ups.html https://www.nytimes.com/2021/12/20/technology/silicon-valley...
- progbits 5y agoBut why keep them if they are going to be doing useless work? In the hopes they get bored and move internally to different project?
- uvdn7 5y agoIt’s not entirely useless. It costs big companies little to make this type of investments to avoid a potential big miss longer term (think of IBM, Nokia, etc.) Big companies are paranoid about missing the next big thing, so it makes sense to invest in a lot of things.
- xnx 5y agoSometimes having someone do useless work for you is better than having them do useful work for a competitors.
- kaycebasques 5y agoIs GAMMA the new FAANG? * Google * Amazon * Microsoft * ??? * Apple
- oplav 5y agoMeta
- lmkg 5y agoFacebook is now Meta, so the acronyms have to change.
- xen0 5y agoOr maybe we just need a new company beginning with an F?
- VWWHFSfQ 5y agoI vote for Foot Locker
- jdhn 5y agoAll Foot Locker has to do is start selling exclusive NFTs with their shoes, and they'll be considered an innovative blockchain company in no time.
- inter_netuser 5y agoFugazzi MAMMA
- monkeybutton 5y agoSo MAANG. Add in Oracle at the end and you've got yourself a MAANGO!
- chainwax 5y agoOh cmon, MANGA is so much better
- deleted 5y ago[deleted]
- ndotl 5y agoMeta?
- basch 5y agoGoogle is Alphabet tho, so its MAAMA or MAMAA.
- jimminy 5y agoPop Netflix back in there from the FAANG, and you have MAMANA
- basch 5y agowith a market cap of 177B it has no business being in the conversation. Disney is 250B. Johnson&Johnson and Comcast are more deserving of spots even. Tesla, NVidia, Visa.
- maxwell_xander 5y agoMAMAA is by far my favorite, it sounds like a child crying out to mom. Mamaa! (also easy to add another m or a if ever needed - mammaaaaaa!)
- moralestapia 5y agoIt's MAAAM!
- henearkr 5y agoAnd actually Google is now Alphabet, so it would be one of: AAAMM MAMAA AMAMA etc
- goodpoint 5y agoN is for Netflix. Microsoft is hardly relevant.
- colinmhayes 5y ago2 trillion dollar company hardly relevant
- goodpoint 5y agoBy this "logic" FAANG should contain Saudi Aramco and probably Tesla: https://companiesmarketcap.com/ https://companiesmarketcap.com/ Instead, the name was always related to high growth + high salaries + innovative technonogy + interesting companies to be working for.
- quickthrowman 5y agoYeah the 2.25T company is less relevant than a movie and TV studio that is worth 1/12th as much. /s
- sound1 5y agoHaha... that was a good one, you ALMOST got me there :-)
- langitbiru 5y agoOr TAAAMM. Companies with hug TAMs. https://twitter.com/sama/status/1484571438442967042 https://twitter.com/sama/status/1484571438442967042
- deleted 5y ago[deleted]
- PragmaticPulp 5y agoDoesn't really make sense. People leave for cryptocurrency projects because they’re promised a huge portion of the tokens or pre-mined coins. The idea is that they just need to make the project work well enough to hype enough people into buying the coins, at which point they can unload them at huge returns and then move on to the next crypto project to repeat the process. It doesn’t make sense that Google would keep people around, pay them a lot of money, have them produce useless projects without the same asymmetric upside potential, all to keep them from going to companies that weren’t even competitors in the first place.
- jmeister 5y agoThis is silly. There are many, many true believers. https://news.ycombinator.com/item?id=29140393 https://news.ycombinator.com/item?id=29140393
- NicoJuicy 5y agoThat's just a comment to yourself without many commenters in it. /S?
- jmeister 5y agoIt links to this course syllabus from the top algorithmic game theorist in the world: https://timroughgarden.github.io/fob21/l/l1.pdf https://timroughgarden.github.io/fob21/l/l1.pdf I doubt roughgarden is excited about blockchains just because he has some tokens
- NicoJuicy 5y agoNot exactly. You mentioned that there are true believers, so i thought you referred to the commenters on the topic, since you linked to the HN topic and not the pdf associated with that topic. Which is a bit confusing tbh :p Definitely since you both submitted it, have the top comment on it and I don't know him.
- dehrmann 5y ago