xkjkls

65 ms·

721.
by xkjkls 9y ago
Almost all lawsuits regarding the good faith clause involve some sort of corrupt practice that enriched the executives at the expense of the shareholders (in fact, Tesla is currently involved in a similar lawsuit regarding its purchase of S
722.
by xkjkls 9y ago
In the entertainment sense, sure. But Musk is running a $50 billion company, not performing stand up.
723.
by xkjkls 9y ago
The earnings, though better than expected, still show a company in a precarious position that is going to have to raise more capital if it doesn't reach cash flow positive by Q3 or Q4 of this year. And if it does raise more capital, ho
724.
by xkjkls 9y ago
I think a lot of Musk's critics would consider Tesla the poster child of "fake it till you make it".
725.
by xkjkls 9y ago
If he actually answered it with any new information or to any real degree of satisfaction it wouldn't have been asked so often.
726.
by xkjkls 9y ago
That's not entirely true. He has duties to run the company in with good faith and care, but not necessarily to maximize shareholder value.
727.
by xkjkls 9y ago
It is the most popular Retail investor stock, so it's not just tech folks.
728.
by xkjkls 9y ago
It's a filibuster.
729.
by xkjkls 9y ago
Tesla isn't doing that though.
730.
by xkjkls 9y ago
Has he? They still deliver less cars than Henry Ford did in the 1930s.
731.
by xkjkls 9y ago
The west coast bias in Hacker News is always shocking. The capital markets exist for a reason, and the people he's mocking on this conference call are the ones that he's going to need to be begging for billions if things don'
732.
by xkjkls 9y ago
Also, TSLA is basically the kind of company that couldn't even exist as a private company. Access to the broad capital and debt markets is the only reason they still exist.
733.
by xkjkls 9y ago
Yeah, but a conference call with investors is not the kind of meeting you cut short. Maybe a weekly status meeting sure, but your quarterly call with people who if things go south, you'll have to rely on their largess to borrow money f
734.
by xkjkls 9y ago
Why does Elon Musk have any credibility regarding the cash position of his company? He's repeatedly made similar statements that didn't turn true too.
735.
by xkjkls 9y ago
I think that backlash against tech has reached such a fever pitch at this point that a huge number of criticisms of it are overblown. Does tech have problems? Sure. But in order for the criticism of it to be effective, we shouldn’t mix it i
736.
by xkjkls 9y ago
How’s that different than Jack Welch’s famous “fire the bottom 10% of your workforce” that he implemented in GE in the 80s? Honestly, it was close to textbook management strategy when originally implemented at Microsoft. Now, sure managemen
737.
by xkjkls 9y ago
Is it creative destruction to have a single company control so much of the time people spend on the internet? That sort of entrenched market power is going to lead to less innovation in general, because they don't need to worry nearly
738.
by xkjkls 9y ago
Depending on how broad your definition of stack ranking is, every industry does stack ranking. Every single successful business has the problem of "we have this large amount of money in bonuses that we would like to distribute out to o
739.
by xkjkls 9y ago
I mean, the largest percentage of restaurant and bar layoffs are just due to the restaurant and bar closing. In that case, the invisible hand of the free market can be even more cruel than these. Especially since you won't get severanc
740.
by xkjkls 9y ago
> 1.) I hardly think the brand of suit detracts from my point. Not saying it does; I'm just saying you should learn some more about suits. > 2.) Go read the comments on the article itself. It’s littered with antecdotes about trai
741.
by xkjkls 9y ago
In what way is this not the natural consequence of a system that attempts to optimize wealth? If there's a solution to this, it seems that the wealth once created should be distributed differently, rather than attempting to kill the go
742.
by xkjkls 9y ago
I mean, that's always going to be a standard capital v. labor argument. What I'm saying is that industries like tech shouldn't be singled out for run-of-the-mill decisions.
743.
by xkjkls 9y ago
That's a pretty recent development. I don't think you would argue that was true until the 80s/90s.
744.
by xkjkls 9y ago
I don't think punish is the right word. Even if Facebook had been more clear about its privacy policies from the get-go, I think you could make a solid argument that having Instagram or WhatsApp as separate companies would be better fo
745.
by xkjkls 9y ago
Sell to whom and how is the real question though? Should Instagram/WhatsApp together be their own public company? I don't think that's the worst scenario, though it might accelerate the death of Snapchat if you have a complet
746.
by xkjkls 9y ago
First of all, no one on Wall Street wears Prada suits. Prada suits are high fashion trash. They wear Zegna or Canali or bespoke. And second, what about this story reads you as sociopathic? Sure, there's alot of shuffling in this busine
747.
by xkjkls 9y ago
Yeah, I don't think too many people have tens of thousands of secrets, generally. The addition of key rotation is a great benefit.
748.
by xkjkls 9y ago
But that's before you take your SATs, not afterwards.
749.
by xkjkls 9y ago
Why not use the app? That seems like a better investment of their time to optimize anyways.
750.
by xkjkls 9y ago
Are there specific products you would be advertised to based on your SAT score?

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