3 ms·

I bet the 950 people let go a few weeks ago and the 1,100 let go back in June must love hearing this news.

by itg 4y ago

edgyquant 4y ago
A needed dip in the bubble and all of the sudden HN goes from market capitalist to left leaning. This person sold their stock, the time for employees to complain was when he was given this equity a couple of years ago.
- Apocryphon 4y ago
  Yes, people generally flip views once material conditions change. Also, when the tide goes out, everyone who was swimming naked is revealed. As it turns out, ZIRP was allowing many companies to swim naked.
- wpietri 4y ago
  Nope. They can also complain now. And forevermore if they want. None of us, you included, is obligated to protect grifters from the criticism of people who suffer while they walk away laughing.
  - edgyquant 4y ago
    They can complain now but it reeks of jealously instead of actual anger at the “grift.” When conditions were different nobody cares this dude got a ton of equity because they got equity as well.
    - wpietri 4y ago
      It might be jealousy. But it also could be that they're just now realizing how they got taken, and to what extent. Which would be unsurprising, as plenty of startups puff up expectations and take advantage of the young and naive. I have relatively little sympathy for Coinbase employees, as I think the whole thing was a scam built on scams, so it was always a question of who gets screwed. But I have some sympathy for the ones who were early enough in their careers that they didn't really have the chance to learn how rotten the world can get in spots.
    - freejazz 4y ago
      As opposed to reeking of being an edgy contrarian?
      - edgyquant 4y ago
        [flagged]
      - dcow 4y ago
        It's not contrarian to take a rational view of the situation. Well, actually, never mind.
        freejazz 4y ago
        You are having the word rational do a lot of work there. also, just because something is rational doesn't mean it's reasonable, which runs entirely contrary to your point. But you didn't realize this because you are not reasonable. You just care what passes the rationality bar. It's much lower.
        wpietri 4y ago
        For sure. There are a lot of people for whom "rational" means "tendentiously argued in a superficially logical way". When in my view the problem is not with their narrowly presented reasoning, but on what they've put outside the frame, which often includes values, assumptions, and data that's available but mysteriously excluded.
  - dcow 4y ago
    And they look like jealous fools. Who got conned, exactly?
- WeylandYutani 4y ago
  1 I was always left 2 America is something to be avoided at all cost- even the right wing parties think it is a nightmare situation
JLsBFF 4y ago
[dead]

I bet the 950 people let go a few weeks ago and the 1,100 let go back in June must love hearing this news.

by itg 4y ago

I bet the 950 people let go a few weeks ago and the 1,100 let go back in June must love hearing this news.

A needed dip in the bubble and all of the sudden HN goes from market capitalist to left leaning. This person sold their stock, the time for employees to complain was when he was given this equity a couple of years ago.

Apocryphon 4y ago
Yes, people generally flip views once material conditions change. Also, when the tide goes out, everyone who was swimming naked is revealed. As it turns out, ZIRP was allowing many companies to swim naked.
wpietri 4y ago
Nope. They can also complain now. And forevermore if they want. None of us, you included, is obligated to protect grifters from the criticism of people who suffer while they walk away laughing.
- edgyquant 4y ago
  They can complain now but it reeks of jealously instead of actual anger at the “grift.” When conditions were different nobody cares this dude got a ton of equity because they got equity as well.
  - wpietri 4y ago
    It might be jealousy. But it also could be that they're just now realizing how they got taken, and to what extent. Which would be unsurprising, as plenty of startups puff up expectations and take advantage of the young and naive. I have relatively little sympathy for Coinbase employees, as I think the whole thing was a scam built on scams, so it was always a question of who gets screwed. But I have some sympathy for the ones who were early enough in their careers that they didn't really have the chance to learn how rotten the world can get in spots.
  - freejazz 4y ago
    As opposed to reeking of being an edgy contrarian?
    - edgyquant 4y ago
      [flagged]
    - dcow 4y ago
      It's not contrarian to take a rational view of the situation. Well, actually, never mind.
      - freejazz 4y ago
        You are having the word rational do a lot of work there. also, just because something is rational doesn't mean it's reasonable, which runs entirely contrary to your point. But you didn't realize this because you are not reasonable. You just care what passes the rationality bar. It's much lower.
        wpietri 4y ago
        For sure. There are a lot of people for whom "rational" means "tendentiously argued in a superficially logical way". When in my view the problem is not with their narrowly presented reasoning, but on what they've put outside the frame, which often includes values, assumptions, and data that's available but mysteriously excluded.
- dcow 4y ago
  And they look like jealous fools. Who got conned, exactly?
WeylandYutani 4y ago
1 I was always left 2 America is something to be avoided at all cost- even the right wing parties think it is a nightmare situation

JLsBFF 4y ago

[dead]