mattmaroon

5 ms·

31.
by mattmaroon 2mo ago
Their potential customer base is literally everybody because they are the only ISP that can cover the entire globe. Everybody’s potential customer base is technically limited because there are only so many humans, but they have the least li
32.
by mattmaroon 3mo ago
It’s cute he thinks Jeff Bezos thinks about this. Whoever made this decision has probably never met anybody who has met Jeff Bezos.
33.
by mattmaroon 3mo ago
Good old HN. Me: they’re great but their tech sucks You: their tech is good Me: it can’t do basic stuff You: ok you’re right but they’re great I can tell you I’m a member of both, but I frequently let my Costco lapse but never Sam’s. Just b
34.
by mattmaroon 3mo ago
Ok, load the app and search for Heinz ketchup and tell me what it would cost to go get some in store. You can’t. You can only get delivery pricing. They don’t have the basic functionality every store has had for a decade. Go to self check-o
35.
by mattmaroon 3mo ago
Costcos give a scanner to the person running the self checkouts, not to the customer, so you have to wait for them to come over. They are very attentive usually but still. (Perhaps this isn’t the case at all of them but I’ve seen it several
36.
by mattmaroon 3mo ago
I bet you’re real fun at parties.
37.
by mattmaroon 3mo ago
Costcos tech stack is frankly unconscionably bad. It’s the one way in which Sam’s Club crushes them. There’s no reason they couldn’t do basically all of the good things mentioned in this article plus have a functional website, let me scan a
38.
by mattmaroon 3mo ago
Came to say this, it would be hard to handicap this one. Shopping tends to be clustered, so if I’m methodical, I can go fill a car load with a lot of stuff and that might be more economical and environmentally friendly than the vans. But if
39.
by mattmaroon 3mo ago
If you don’t think fireworks are explosives you’re buying the wrong ones.
40.
by mattmaroon 3mo ago
Right and my point is that whether or not it’s a bad investment makes absolutely no difference to the people who own the shares because the price is divorced from that. SpaceX shares only have to stay irrational for six months for this rule
41.
by mattmaroon 3mo ago
2. You’re misreading that. They do it before the rebalance date, not before it is added to the index. Rebalances only happen every 3-6 months generally, so they definitely are buying it over a period of time, not all at once, specifically s
42.
by mattmaroon 3mo ago
Tesla’s P/E ratio is currently 365. They have less than 1% market share, and declining, weak profits, products that seem to be suffering from weak updates and brand harm due to Elon’s politics, and competitors outpacing them from all s
43.
by mattmaroon 3mo ago
The way you don’t actually address the points people make or even seem to understand them, but rather just keep restating what was already said, makes you a pretty good proxy for the exact view I was talking about, so thanks!
44.
by mattmaroon 3mo ago
Everybody is upset about the rule change, but to be honest, they would’ve just ended up in the same position a few months later. Elon has kept Tesla’s market cap at 5-10x what any reasonable investor would think it should be for the better
45.
by mattmaroon 4mo ago
AI has just made it worse, both directly (search doesn’t function like standard search anymore but also nowhere near ChatGPT) and by comparison. I can go ask Gemini questions that require it to get information from several emails at once li
46.
by mattmaroon 4mo ago
Yeah it went from bad to worse somehow.
47.
by mattmaroon 4mo ago
I switched from android to iOS 7 years ago and I’ve actually been debating going back just because of how bad iOS is at AI. And every other facet of my life, I am finding ways for it to save my time on an almost daily basis. And yet on iOS,
48.
by mattmaroon 4mo ago
I don’t think earnings have much to do with any of Elon’s projects’ market caps.
49.
by mattmaroon 4mo ago
No.
50.
by mattmaroon 4mo ago
Yeah I wouldn’t argue that it’s a good valuation but it may achieve it.
51.
by mattmaroon 4mo ago
Oh I was wrong, they were forced to go public. At the time any company with $10 million in assets and 500 investors had to go public. Perhaps I misremember them trying to stay private and failing. But the point remains, it would have been u
52.
by mattmaroon 4mo ago
The index fund thing seems to me to be an overhyped nothingburger. The seasoning period would just delay the inevitable when a company is launching with a trillion dollar valuation. The big story is that that is happening at all. It wasn’t
53.
by mattmaroon 4mo ago
It’s a footnote because SpaceX is going to be worth trillions. If Twitter were fully written down right after IPO SpaceX’s shares might not even have a bad day.
54.
by mattmaroon 4mo ago
I just don’t understand why a company with $95m in sales would steal $200k. That’s a fraction of a percent of sales for the year. There’s now a boycott against them that will easily cost them more than that. If the case is as this blog says
55.
by mattmaroon 4mo ago
Well, fraud prevention requires them to block some transactions that are ostensibly legal right? To the extent that they can’t always tell if a transaction is fraudulent, any effort to fight fraud will block some number of legal transaction
56.
by mattmaroon 4mo ago
Fair point. I think we’ve all tried that and it isn’t working, and pointing out to people they’re being annoying could help. But probably won’t, so you’re probably right.
57.
by mattmaroon 4mo ago
Do you imagine someone got a stolen credit card, made a linkedin with that name, used the card to attend a live class under the fake ID, or are you just doing the classic hacker news aaaaactually? Comments like this have ruined this site. W
58.
by mattmaroon 4mo ago
Who do you recommend as an alternative?
59.
by mattmaroon 4mo ago
For the first time in their history Google was finding themselves losing market share to ChatGPT. It wasn't a huge amount yet but it was clearly going to become one. That's what this is. The idea that the end user doesn't wan
60.
by mattmaroon 4mo ago
I looked it up, MSFT’s market cap in 2005 was $278 billion and would be like $450 billion in today’s dollars. OpenAI will IPO soon AI probably more like a trillion. Crazy.

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