mathattack

402 ms·

1. 5131.▲
   by mathattack 13y ago

   I've sometimes wondered about the folks with 0 connections. Same thing? By and large I've found the website very useful.
2. 5132.▲
   by mathattack 13y ago

   Interest isn't what they collect on deposits, it's what they pay. Banks lever up and invest those deposits for much higher returns.
3. 5133.▲
   by mathattack 13y ago

   Is this more so than anywhere else in the US?
4. 5134.▲
   by mathattack 13y ago

   Ally is a real bank, Simple isn't, right? My understanding is Simple just processes the transactions, without holding deposits. $1.7 billion sounds like a lot, but in Financial Services it's not that big. $117 million seems fair
5. 5135.▲
   by mathattack 13y ago

   I was going to quote that line too. But is it really that racist? Relative to the rest of the US, it seems remarkably tolerant, no?
6. 5136.▲
   by mathattack 13y ago

   You hit the nail on the head. They're viewed (and valued) as an app on top of a bank. Without holding and investing deposits, they don't get the other financial benefits. Perhaps their end user data could be worth something, th
7. 5137.▲
   by mathattack 13y ago

   Seems reasonable since they do well on low tech phones. Facebook is limited by the amount of internet connections and smartphones.
8. 5138.▲
   by mathattack 13y ago

   Instagram. Since the purchase, photos are much more prevalent in the main Facebook offering, and there isn't anyone else building a photo site to compete.
9. 5139.▲
   by mathattack 13y ago

   I don't think they're buying it per current user. It's either about paying for future users (granted, triple the user base and it's still a lot) or a game of defense against a potential competitor. They bought the photo
10. 5140.▲
    by mathattack 13y ago

    You could argue the same about Instagram, but perhaps this is defense. That said, it's at something like a third of Facebook's market cap.
11. 5141.▲
    by mathattack 13y ago

    I think the decline in birthrate helps us. If we get to under a billion, we strain the planet less. But there are plenty of other ways for us to make ourselves extinct.
12. 5142.▲
    by mathattack 13y ago

    I like the idea of 83 year olds doing civil disobedience because they have nothing to lose. Let them stand beside the 18 year old protesters.
13. 5143.▲
    by mathattack 13y ago

    While that tweet may be market manipulation, it's worth noting that Tweets about Anne Hathaway have been shown to move Berkshire Hathaway stock. [1] This is in part due to Berkshire's relative illiquidity. [1] http://
14. 5144.▲
    by mathattack 13y ago

    The "incoming" in the title suggests a trajectory aimed at grabbing eyeballs and clickthroughs. :-)
15. 5145.▲
    by mathattack 13y ago

    All very true. This is why I find that companies tend to do best buying from companies of relatively similar size. GM and GE struggle with buying from startups for these reasons. The pace of change is too much. But they will buy from th
16. 5146.▲
    by mathattack 13y ago

    I agree - well written. Perhaps the only quibble is that my intuition was that it would be much shorter. 60,000 years (or even 5,000) is a long time to react.
17. 5147.▲
    by mathattack 13y ago

    Very good article. This hinges on being able to screen for both technical ability (easy) and the intangible combination of initiative and drive (hard). It also requires that developers keep in synch with each other. I think it works well
18. 5148.▲
    by mathattack 13y ago

    Indeed. Hard to tell the nutcases from the truth tellers. Perhaps this is why some folks don't bother to refute the outrageous tales against them.
19. 5149.▲
    by mathattack 13y ago

    Many financially successful people are socially awkward. This gets amplified by people putting up a barrier because of the intimidation. This manifests itself in CEOs who lose contact with new hires in their firm, and famous speakers stan
20. 5150.▲
    by mathattack 13y ago

    Yes - if anything the internet makes it easier to keep alternatives to the official fictions alive.
21. 5151.▲
    by mathattack 13y ago

    Kind of like the religious nutcases being in cahoots with the heathens. Many conglomerates own both health food and junk food brands.
22. 5152.▲
    Why South Korea is really an Internet dinosaur(economist.com)

    1 points by mathattack 13y ago|0 comments
23. 5153.▲
    by mathattack 13y ago

    Seems like this price should get driven to near free.
24. 5154.▲
    by mathattack 13y ago

    I hope they're right. I hate expense reports. It would be even better to autosort the credit card data. "You use the card, and just tell us what's not a business expense. We'll figure out where it goes."
25. 5155.▲
    by mathattack 13y ago

    " Finally, most founders are not willing to spend the time it takes to source engineering candidates and convince them to come interview. You can't outsource this to a recruiter until the company is fairly well-established--you h
26. 5156.▲
    by mathattack 13y ago

    The problem specific to finance is many of these folks had to get bailed out in 2008. If they didn't, their wealth would have gone to 0. (So would many of ours as collateral damage, which is why the bailout did happen.) Just 1 year
27. 5157.▲
    by mathattack 13y ago

    This is very true. You can't run a business competing against, "I heard person X got offer Y." The market only works that way for a few huge firms.
28. 5158.▲
    by mathattack 13y ago

    Once you leave San Francisco and Silicon Valley, why stop in Oakland? Why not go to Walnut Creek or San Ramon?
29. 5159.▲
    by mathattack 13y ago

    This process takes a lot of humility. It's not easy to say, "We are smart, but we don't know, so let's just get something out there." It's antithetical to the planning mania in so many big companies, and also
30. 5160.▲
    by mathattack 13y ago

    I see your point. I've had to deal with this a lot. "Hedge fund X is paying someone 2x what I'm getting today for a technology job." ok... You may be worth more to them. You may also be working 50% more hours, and you