number_six
number_six on Hacker News
It used to be free! That's how I got started with it at all. I bought a lifetime pass in 2011 for $50 on the hope it would still be working and get better as time went on. I guess I'm at ~$3/year now and just continue to amortize that cost per year down.
This is exactly like the Juicero
The valuation is from Softbank consistently buying rounds of equity at higher and higher valuations that they themselves were creating.
Softbank bought in, so this is more valuable, so Softbank will buy in again at a higher valuation, so this is more valuable, so Softbank will buy in again at a higher valuation; and round and round it went until we hit ~$40B
There's also the Softbank buys of equity at consistently higher and higher valuations that they themselves were creating.
Matt Stoller wrote a great post about it:
https://mattstoller.substack.com/p/wework-and-counterfeit-ca...
"Generally speaking, Softbank’s model is to manipulate private capital markets as a way of drowning out competitors with cash. For instance, there were several ‘rounds’ of WeWork investment where Softbank was buying more shares at higher valuations. WeWork ostensibly became more valuable because Son said it was more valuable, and bought shares for higher prices. And since there was no public market for these shares, the pricing of the shares was totally arbitrary. WeWork then used this cash to underprice competitors in the co-working space market, hoping to be able to profit later once it had a strong market position in real estate subletting or ancillary businesses.
Engaging in such a strategy used to be illegal, and was known as predatory pricing. There are laws, like Robinson-Patman and the Clayton Act, which, if read properly and enforced, prohibit such conduct. The reason is very basic to capitalism. Capitalism works because companies that thrive take a bunch of inputs and create a product that is more valuable than the sum of its parts. That creates additional value, and in such a model companies have to compete by making better goods and services.
What predatory pricing does is to enable competition purely based on access to capital. Someone like Neumann, and Son’s entire model with his Vision Fund, is to take inputs, combine them into products worth less than their cost, and plug up the deficit through the capital markets in hopes of acquiring market power later or of just self-dealing so the losses are placed onto someone else."
I wonder if it is $775 per day?
yeah internet scalpers suck!
right, but their own app doesn't have the same restrictions. They can advertise the premium offering within the iOS app, they don;t need users to go further down a rabbit hole to find the premium offering.
I guess the crutch of Spotify's argument is that 30% is too high to charge while having their own competing app that isn't required to pay the same fees. Effectively using their unilateral control of the App Store and IAP to squeeze a third party competitor
Isn't their argument about the Apple Store and being able to put their product into the Apple Ecosystem? I didn't read any of it as saying they have a monopoly on phones.
Isn't that what Apple is doing in this case with Apple Music vs. Spotify?
and r/wsb is like the flophouse I guess?
woah woah woah, you can't go expecting a company to take responsibility for what their service does. I think there's a constitutional amendment about that.
but you forgot how businesses work these days:
Fuck you, Pay me
>I contend it's cheaper and better for society to offer solutions unconditionally.
>That's exactly what I said with one small caveat
unconditionally means no caveats....
It's pretty easy to not hire someone and say it was for something other than something you found in a DNA sample.
Your putting the onus on me to prove that it was explicitly the results of my test that caused me not to be hired.
The fact that people can't ever discharge their loans makes it hard to imagine it "bursting" in the way that the housing market did in 2008. The whole notion of bursting is people collectively realizing their folly and everyone scrambling as quickly as possible to make out with whatever they've got left - like a run on a bank.
In this case there is no bank to run on - people will just continue to have their wages/benefits garnished to continue to repay these loans that they are forever tied to. I feel like there's not really a "burst" that can happen - just that hopefully there can be some sort of debt forgiveness program or something that will alleviate the burden of the debts.
sending cash, to someone who can't at this time provide you the product you want to buy, and who makes no bones about not providing you with any assurances that they ever will is a calculated (and easily avoided) risk. You can evaluate if it is worth being taken for the product you may or may-not ever receive.
The fact that a house-fly already has the statistical intelligence for funding Indiegogo projects doesn't mean that there isn't any
I just got a job with a corporate card, and we have SAP Concur, I assume that everything will be scrutinized by some kind of AI - as it automatically reads the receipts and essentially tells me that it is doing so. One steak dinner is not worth my job...
I eat cheerios. I wouldn't not eat cheerio's just because I saw that bee next to a gangbang...
Mattel could advertise on all the weird Brony shit, Sony could sell their VR gear, Apple could advertise next to the masochists, American Airlines could advertise seat sales to the country of the ethnicity specific ones... you could make it work.
Whenever I see people complaining about ads I commiserate. I worry about what happens as things like google glass actually become mainstream and I am always drawn back to this video that I think is a fairly realistic portrayal of what could be in the future:
https://vimeo.com/166807261I have a three year old and he gets so absorbed in screen time and then he goes nuts whenever we tell him it's time to turn off the tv/phone/games. Within a couple of minutes he is usually much more relaxed and I am working to curb any usage that isn't during a road trip/flight.
Yes, it is on the copyright owner to take it down.
I use it often on news websites as it allows you to by-pass most soft paywalls.
>which has its own obligations before its citizens to uphold their human rights
So you want the country the person is traveling from to impose their Will on the country they are traveling to?
It will be different because the US can bar Canadians for life from ever entering the country.
Whereas they can't bar a US Citizen from re-entering the country.
It really is the Wild West of crypto currency right now.
Greed is going to fuel a lot more arbitrage opportunities like these as people invest in crypto "derivatives" without fully understanding what they are buying.
If I could go all the way back I would study astronomy. I would love to have a job looking at the stars and doing really difficult math.