spikels

19 ms·

121.
by spikels 4y ago
As far as I know it has never been done in practice but is sure seems like it would have a huge amount of fallout for existing shareholders. Would the board actually pull the trigger knowing this? On the other hand poison pills are widely u
122.
by spikels 4y ago
Are you thinking a tender offer somehow overcomes the poison pill?
123.
by spikels 4y ago
The financing is in 3 pools. If each could buy 14% and Musk increases his stake to 14% without triggering the poison pill, that’s 56% in total. If they had 56%, could they immediately gain control? This is getting interesting.
124.
by spikels 4y ago
He only owns a few percent and has limited cash to buy more.
125.
by spikels 4y ago
Will be interesting to see if Musk has found a way around the poison pill. There are several theoretical techniques to avoid triggering them but as far as I know none have been tried in practice. There is also the issue of whether a company
126.
by spikels 4y ago
You can’t be a billionaire without lots of people calling you an asshole.
127.
by spikels 5y ago
Tech journalism is more dependent on clickbait than most. I think they think tech is boring so they need to spice it up with manufactured controversy. Science journalism has a similar issue. Very sad.
128.
by spikels 5y ago
I don’t read either Bloomberg or “tech journalism” often but this reads like a gossip column. Some interesting ideas mentioned in passing. Weird.
129.
by spikels 5y ago
Very well said. There is a similar dynamic going on in almost every Asian activist group or non-profit in San Francisco. They reflect the interests of their funders. Some are the clueless wealthy like Scott but it gets much, much worse. Man
130.
by spikels 5y ago
Waymo is “public” in the same sense. The general public can’t just request a ride.
131.
by spikels 5y ago
I live/work in SF and signed up for both Cruise and Waymo yet have never been able to get an actual ride. As best I can tell almost everyone getting rides from these services in SF are employees or specially selected. Neither is availa
132.
by spikels 5y ago
How do you actually get a Waymo ride in SF?
133.
by spikels 5y ago
Your comparing apples to oranges. The Boring Company number is maximum capacity (“able to carry”) while the Metro Madrid number you calculate is an average of actual ridership which will be much, much lower because they only operate at maxi
134.
by spikels 5y ago
Nobody commenting here even read the article because the link is incorrect. Also Peter Thiel doesn’t manage or control Rumble but is an investor.
135.
by spikels 5y ago
But obviously if it can be done with just cameras, that’s going to be the winning solution (cheaper, simpler, etc). Let’s try a diverse set of strategies and see which one wins in the real world. Nobody knows for sure at this point.
136.
by spikels 5y ago
Analogies often mislead. A single driver even a "very prolific" one is not driving hundreds of millions of miles a year. Thought experiment: view all cars as a single imperfect product that kills 1.3 million people and injures ten
137.
by spikels 5y ago
Imagine a neutrino based communication system. It could always take the shortest route: a straight line thru anything, the earth for example. No connections but probably huge transmitters and receivers. https://cerncourier.com&#x
138.
by spikels 5y ago
Why did things improve so dramatically in China? I would argue because they gave up on trying to centrally plan everything.
139.
by spikels 5y ago
The innate immune system https://en.wikipedia.org/wiki/Innate_immune_system
140.
by spikels 5y ago
I guess those plastic straw bans in the US and Europe won't be solving plastic pollution in oceans.
141.
by spikels 5y ago
Also air conditioning
142.
by spikels 5y ago
Hey Big Tech! * No Liability For User Content * Arbitrary Control Over User Content Pick one!
143.
by spikels 5y ago
Came here to post that video. Awesome! My favorite part: Elon's 5-Step Design/Development Process: (1) Fix "Dumb" Requirements (2) Remove Unnecessary Parts/Processes (3) Simplify/Optimize (4) Speed Up Cycle Tim
144.
by spikels 5y ago
Buried lede: “pragmatism” is a bad thing. The idea that actually useful information should be excluded to maintain ideological purity is both stupid and surprisingly prevalent.
145.
by spikels 5y ago
C’mon. It’s in the 2nd paragraph!
146.
by spikels 5y ago
> It will keep reducing food supply The global food supply is increasing: * See production numbers for key crops - all are still increasing. * See famine and hunger numbers all are still decreasing.
147.
by spikels 5y ago
Why not both? They are different things. The free step-up in basis at death makes no sense for the very wealthy. The rule originates from the difficulty in determining the basis of assets of dead people. The very wealthy have accountants th
148.
by spikels 5y ago
When does a loan "function like income"? What happens when they pay the loan back? Does the lender get a deduction? > But if they’re reporting 80k income but spending 10M, maybe they should be paying their fair share on that. A
149.
by spikels 5y ago
Idea is to prevent people from offsetting large incomes with capital losses. This simply appears unfair to many - earning lots of income but paying little tax. A more sophisticated argument is that since you can control capital losses by
150.
by spikels 5y ago
> capital gains are eventually taxed Not if you never sell. At death the "basis" is reset to the current market price. All those capital gains accumulated during a lifetime are never subject to capital-gains tax. There is cur

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