Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud

Re:Grand jury indicts Trevor Milton, Nikola founder, on thre... by bississippi on Thursday July 29, 2021 @04:46PM (#28001289)

Most Silicon Valley “CRUD” startups have fraud baked in. It’s just whose holding the bag in the end that matters. Sometimes it’s the VC funds early in the stage, sometimes it’s the late stage investors ala WeWork SoftBank and usually it’s the retail bag holders post IPO.

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Re:Grand jury indicts Trevor Milton, Nikola founder, on thre... by fragmede on Friday July 30, 2021 @01:15PM (#28010132)

That's a uselessly wide brush because it's all CRUD. Different companies specialize in different areas, carving out their own, highly profitable niche. Customized hardware for doing CRUD on (Apple, Juniper, Cisco), specialized software for high-performance CRUD (Oracle), selling access to systems for doing CRUD on (AWS/Azure/GCP), giving away access to custom CRUD software for free, and selling advertisement in the Read step (Facebook, Google Search), charging fees for use of custom CRUD software (AirBnB). Hell, money itself is just CRUD in various databases (bank/visa/the fed/blockchain/etc) and various companies make a killing off that (Venmo/PayPal/Square).

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Re:Grand jury indicts Trevor Milton, Nikola founder, on thre... by haram_masala on Thursday July 29, 2021 @05:14PM (#28001591)

Sorry - what’s a CRUD startup? CRUD as in create, read, update, delete?

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Re:Grand jury indicts Trevor Milton, Nikola founder, on thre... by IanClarke on Thursday July 29, 2021 @05:40PM (#28001840)

Yes! It refers to that all web-applications are "just" CRUD-applications in the end, reading and writing data to and from a database (e.g. Angular and React).

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