Traster

15 ms·

181.
by Traster 4y ago
In this case this isn't people voting their own manifest destiny. This is a Texas law that decides a California company must operate in Texas, and that whilst operating in Texas it can't decide it's own moderation policies, a
182.
by Traster 4y ago
It wasn't under-investment, it was lack of focus. They spent their time running after new growth opportunities at the cost of their core business. They wanted to do IoT (low power they're not particularly good at and the margins a
183.
by Traster 4y ago
>Notwithstanding the foregoing, the Equity Investor shall be permitted to issue Tweets about the Merger or the transactions contemplated hereby so long as such Tweets do not disparage the Company or any of its Representatives. Seems like
184.
by Traster 4y ago
I think it's technically a little early to be getting buyers remorse... since he's not yet bought it.
185.
by Traster 4y ago
This is kind of funny because the SEC is basically saying Nvidia held their share price artificially high by doing this, but Nvidia also bought back billions of their own shares, by this logic they were overpaying.
186.
by Traster 4y ago
So my understanding is it works like this: You take some Python you throw it at OpenAI and you see if the resulting C++ compiles. Doesn't the fact that you need to check the result even compiles also imply you probably want to check if
187.
by Traster 4y ago
When I worked for a big US company it was very clear- you open an office in Canada because it’s cheaper. So, probably not.
188.
by Traster 4y ago
The point is that UST had significant rallies- that indicates a massive effort to support it that failed.
189.
by Traster 4y ago
That's where it gets incredibly funny. They persuaded everyone that UST was worth $10Bn dollars and then went and bought $3Bn of BTC with the profits. At which point the obvious question is "Hey - isn't this asset by definiti
190.
by Traster 4y ago
On the second point, to be fair you can look at the UST graph and see that someone did indeed burn a tonne of Luna to support UST. It's probably impossible to really prove that every penny went to supporting it, and it's probably
191.
by Traster 4y ago
The problem for the twitter board was that no one else was interested at the valuation. The problem for Musk is that if he walks away first he has to pay $1bn - which he doesn't want to do, and second that if he comes back the board
192.
by Traster 4y ago
So to get this straight - SparkToro have decided to burn their reputation down chasing a spurious irrelevant claim from someone else's merger. It'll never cease to amaze me how many people will take obvious trolling and treat is a
193.
by Traster 4y ago
Sure, and UST is another example of this, it built a multi-billion dollar market cap by obfuscating the fact you were buying a perpetual motion machine. The incentive created by "trust the code" is "lie about the code".
194.
by Traster 4y ago
It's true that the software kills the theoretical performance that the hardware makes available. But I actually think this is an indictment of hardware not software engineers. It's basically "We've created this incredibl
195.
by Traster 4y ago
Russia raised interest rates to 20% at the beginning of the war to support the ruble, they also had built strong foreign capital reserves to support their currency, they've also instituted capital controls. The average person in Russia
196.
by Traster 4y ago
I may not be able to perform a floating point operation, but I can add one third to two thirds.
197.
by Traster 4y ago
You get a bunch of smart hardware guys into a room, they design this funky exotic architecture. Then the software goes "Allocate these threads to whatever is idle" and suddenly you've completely lost any possible advantage an
198.
by Traster 4y ago
What you're describing is totally different in scale though. When the British pound got displaced as the currency for international trade it didn't suddenly lose 99.9999% of its value in a weekend. And whilst the Dollar isn't
199.
by Traster 4y ago
I feel like the headline mis-states the actual case - and implies something that people believe but probably isn't true. Which is that it's better to found a company in a recession. I don't see any reason to beleive that,
200.
by Traster 4y ago
I think the reason I'm so critical of this is that you can do the same thing in other contexts and it often works out badly because very often the things that are easiest to measure are the least useful.
201.
by Traster 4y ago
My theory is that he is actually just acting like the deal won't close. The plans they put in place after the activist shareholder have largely failed and now the market conditions are way worse. So he's going to bring in some new
202.
by Traster 4y ago
I don't think he was pressuring them to close the short, I think he was hinting that it'd be good for him if he could reprice the deal.
203.
by Traster 4y ago
Well this certainly makes what Parag did make sense. The market conditions have essentially dictated that Musk is now massively overpaying for twitter, and he's doing it from a weak position with the value of Tesla dropping. It would b
204.
by Traster 4y ago
Honestly I've not heard anyone say that Twitter's current state is good. Yo're literally taling about a company that has somehow managed to stay flat whlist all their competitors are up multiples. Sure, people think Musk wo
205.
by Traster 4y ago
The UK has 28 days minimum, that includes "bank holidays" (USA: Public holidays?) which are days decided by the government as holidays for everyone - like Christmas. So it's more like 5.6 weeks total in the UK, and the UK are
206.
by Traster 4y ago
Co-ordinated effort is much more valuable than raw engineer effort aimed scatter-gun at a project. There's so much more to meetings than the author covers in this. For example, in a meeting you're made aware that engineer X is wor
207.
by Traster 4y ago
It's not like he was an outsider, he was CTO for about 5 years before he became CEO. He knew what was going on in the company.
208.
by Traster 4y ago
But what's changed? If Parag wanted to go this direction why didn't he do it when he took over as CEO?
209.
by Traster 4y ago
So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making bi
210.
by Traster 4y ago
Yeah the point I'm making is this: It's fine for you to have that opinion, but if you don't find other ways to resolve Kutchers concerns he's going to continue pushing for this policy, and because he's a rich celebr

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