
Re: Angels and Daemons vs Beasts in the Cellar Funding Wolves of Wall Street
Peak inception right here
1153 publicly visible posts • joined 2 Sep 2019
Technically, it's unfair to say Twitter has lost half of its value since Elon Musk bought it. It had actually already lost a quarter of its worth during the acquisition since it was an LBO. Twitter essentially borrowed $13B and gave it to shareholders, saddling itself with the debt in order to reduce its own worth, just so that Elon Musk and his pals could buy it for only $31B.
They'll probably have to declare bankruptcy to get out of paying the debt; otherwise the company is as good as dead.
The fact of the matter is that ISPs cannot compete with each other on anything else than price, and it's easy to change providers, so their margins are thin. Big Tech providers are not nearly as interchangeable so they have larger margins and make a lot more money. This is similar to how truck drivers are paid very little compared to the companies who pay them.
What does "enabled" mean? Does Internet enable terrorism? Do terrorists use email? Do weapons manufacturer enable terrorism? For that matter, terrorists use cars; do car companies enable terrorism?
YouTube represents what's on the internet, and there's a tiny sliver of that about terrorism. I find it ridiculous to claim that imperfect filtering of terrorism apology videos means "enabling" terrorism.
It bugs me a lot that Apple created a maps product that is only available on their hardware. For instance, when an Apple user shares a place with another Apple user, it links to Apple Maps, but when they share it with a non-Apple user, it links to Google maps. It just feels plain wrong. It's the same thing that they have with iMessages, and it seems that they're implying that it's a superior experience that is only available through their hardware products, and they're deliberately creating incompatibilities to try to pull users to their platform. I find it rather insufferable to be honest.
Having all that cash is not a good reason to try and compete with Google on search
It's a pretty good reason already, because it's a lot of cash. I agree that Apple would probably not be able to beat Google on search — it's primarily a hardware company, and it would be humiliating to offer an inferior product for many years until they get it working, like they did for maps. But the cash also helps.
Unless I'm mistaken, proceeds of a theft can be seized and given back to the rightful owner regardless of whether the current owner knew about their origin — if a bicycle is stolen and resold to an unsuspecting buyer, it nevertheless belongs to the original owner, and it's technically on the unsuspecting buyer to get their money back from the thief.
The point of tornado cash is to mix and obfuscate the origin of the cryptocurrency, but the blockchain still remembers the origin of every single token. From the principle above, it would make sense to seize the exact tokens that were stolen, regardless of who's supposed to own them — as the process of theft, the legal ownership is still with the stolen party.
Probably a good part of the reason why they won the lawsuit is that, accounting for stock splits, the stock is now six times higher than the promised number of $420... It's harder to sue for damage when you probably made a shit ton of money. This is known as "Sini Plenis Piscis"
I'm aware that large companies sometimes fail to pay bills timely, and it's sometimes claimed that they hope the vendors will give up on the bill rather than bother with a lawsuit (could be incompetence as well!)
However, it seems the strategy can't possibly work on your landlord, because they also want to get paid in the future. And that goes double when all the media are reporting on your decision not to pay your bills...
But obviously, I'm not a billionaire, so maybe I'm just thinking too small.
It was corrupted in the server. And the data on the previous week's backup has been deleted when they automatically tried to backup the corrupted data.
Though from what I understand, data from two weeks ago should have been properly backed up and safe, so two weeks of data loss instead of one.