News for hackers. Stuff that matters.
Re:EU negotiators agree new rules to rein in tech giants by FreeHugs on Friday March 25, 2022 @05:06AM (#30799963)
Dumb money is not the basis for the web as we know it.

Look at where we are communicating here. On a US website built by a single person.

Re:EU negotiators agree new rules to rein in tech giants by ChuckNorris89 on Friday March 25, 2022 @05:10AM (#30799986)
>Dumb money is not the basis for the web as we know it.

It's not, but it's the basis of ad-driven, surveillance-ware, and user engagement optimized companies that drive the ludicrously high profits and wages in the US tech sector.

Do you see US tech workers lining up to work for Canonical? Yeah, I thought so too.

Re:EU negotiators agree new rules to rein in tech giants by aspenmayer on Friday March 25, 2022 @06:15AM (#30800345)
Well once I saw their application, I wasn't interested in working at Canonical either. And I'm currently looking for work, for what it's worth.

https://news.ycombinator.com/item?id=30735678

Re:EU negotiators agree new rules to rein in tech giants by ChuckNorris89 on Friday March 25, 2022 @06:30AM (#30800436)
I know that thread, that's why I used it as an example.

Hiring in tech is broken regardless, so most candidates optimize for compensation as that way at least the end result justifies the effort of going through those several stages of various hazing rituals each company has lined up.

And like the Canonical employee said in that thread, they receive 80% quality applications despite all of those shitty hoops Canonical makes you jump through even before they talk to you. So yeah, there seems to be no shortage of devs regardless of how bad a company's hiring practices are, as long as they're an established name and/or pay great.

Re:EU negotiators agree new rules to rein in tech giants by ben_w on Friday March 25, 2022 @05:20AM (#30800047)
Here being the news portal of Y Combinator? Y Combinator being a startup fund? The combined valuation of YC companies being over $600B?
Re:EU negotiators agree new rules to rein in tech giants by mschuster91 on Friday March 25, 2022 @05:13AM (#30800014)
For the web itself, yes. But for a lot of the services we use daily - Google, Facebook, Twitter, Reddit, Uber, AirBnB - lots of "dumb money" for cheap/free services or to outright price-dump the legitimate competition were the basis of their success.