What's the salary of the oil trader?
Oil Traders May Be the Only Ones Who Want Yahoo to Survive
61–70 of 111 posts
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#62Sounds like an opportunity for someone to buy yahoo messenger, make it work the way the oil industry wants it, and sell it to them as an industry specific chat service. No need to bring the rest of Yahoo along for the ride.
you forgot they are running a multi trillion dollar industry on free-as-in-beer software. I doubt they would pay $5 per user. or even a year flat fee. and since they will not pay, you will have to run it on ads. And supporting online/mobile offerings (that do not have their requirement of local client/local logs) will always give you more money. it is a lose/lose situation.
The Slack/GitHub model is to sell visibility to the company. X of your employees are using this, do you want to know how? Do you want an SLA? PCI compliance? $100k/yr.
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#63It sounds like Yahoo has wasted one opportunity after another. Yahoo clearly did not know why the oil industry is using Yahoo Messenger. Instead of doubling down and building a product for that market, they build a replacement product that's going to be detached from the needs of its users.
You think Yahoo would release Yahoo Oil Messenger (tm)?
I have no idea what harbourmasters and oil traders do. But pretend harbourmasters look at maps and use the radio a lot, and oil traders like to look at positions of oil tankers, and charts of oil futures prices, a Yahoo Oil Messenger that lets users embed maps with positions of ships, charts of commodity prices within the conversation itself, view log of recorded radio transmissions, might be very useful. If Slack is worth $3.8 billion, I'd say a Yahoo Oil Messenger could be a billion dollar business, building an industry specific communications product.
It's like Yahoo had all these tenements for the past decade and it's only when the tenements are expiring they finally found out there's bonanza of gold beneath, but it's way too late to do anything about it. With the new Yahoo chat product, it's like they registered some tenements next to their present ones and say something like "hey we got something nearby so it'll be alright."
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#64Sounds like an opportunity for someone to buy yahoo messenger, make it work the way the oil industry wants it, and sell it to them as an industry specific chat service. No need to bring the rest of Yahoo along for the ride.
you forgot they are running a multi trillion dollar industry on free-as-in-beer software. I doubt they would pay $5 per user. or even a year flat fee. and since they will not pay, you will have to run it on ads. And supporting online/mobile offerings (that do not have their requirement of local client/local logs) will always give you more money. it is a lose/lose situation.
No need to make them pay or support it with ads. Keep offering it to them for free and make a killing front-running them on commodities trades. Or just trade regular stocks since the whole market seems to move based on the crude prices. Either way, it should be pretty easy for a hedge fund to make way more money from eavesdropping than it costs to run the service.
It would be a good way to teach an industry with plenty of money the virtue of paying for mission-critical services. Given that the industry runs on a service like Yahoo's, it's a pretty good bet that you could slip an innocuous looking change to the privacy policy past them.
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#65When an industry is so reliant on one service, it's very difficult to shift an entire industry to a new platform. Segmentation is a real thing. A good example I'm familiar with is within electronic sports (competitive video-games): almost every executive, player, personality, etc has been using Skype since ~2010. Unfortunately, Skype has a large number of security vulnerabilities and users can be subjected by DDOS at…
What you're thinking of is product lock-in, not segmentation. Besides, many superior solutions exist and have for a long time: TeamSpeak, Ventrilo, Mumble. Skype is laggy, buggy, and high memory overhead, without mentioning the DDOS risk (exposes IP).
Thanks for the correction.
Truthfully I would not consider TeamSpeak, Ventrillo, or Mumble as a superior solution. The benefit of Skype has always been that it dod not require joining more than one server. In the article example, consider the line about individuals having their Yahoo username on their badge.
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#66Earlier quoted context omitted.
My understanding is that it does for anything that comes in bulk by boat. Copper, met coal, etc.
Out of genuine curiosity: how often are traders taking physical delivery? Don't they just roll contracts forward? Why do they even care what the (figurative) harbormaster is doing/saying? I absolutely see the reason for the ops side to be on YIM. But the traders? At the end of the day, in well regulated markets, that's just asking for trouble when the regulators come calling.
No idea on how true it is, but http://thedailywtf.com/articles/Special-Delivery
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#67Earlier quoted context omitted.
you forgot they are running a multi trillion dollar industry on free-as-in-beer software. I doubt they would pay $5 per user. or even a year flat fee. and since they will not pay, you will have to run it on ads. And supporting online/mobile offerings (that do not have their requirement of local client/local logs) will always give you more money. it is a lose/lose situation.
No need to make them pay or support it with ads. Keep offering it to them for free and make a killing front-running them on commodities trades. Or just trade regular stocks since the whole market seems to move based on the crude prices. Either way, it should be pretty easy for a hedge fund to make way more money from eavesdropping than it costs to run the service. It would be a good way to teach an industry with plen…
I'm sure they can't wait to begin using a chat service that not only has no qualms reading their private communications, but actively undermines their business as well.
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#68Earlier quoted context omitted.
Out of genuine curiosity: how often are traders taking physical delivery? Don't they just roll contracts forward? Why do they even care what the (figurative) harbormaster is doing/saying? I absolutely see the reason for the ops side to be on YIM. But the traders? At the end of the day, in well regulated markets, that's just asking for trouble when the regulators come calling.
If they're talking about traders "in Geneva", they're talking about physical traders. Can't speak for oil which we didn't trade but for ags and metals, you would take delivery since it's your business (getting stuff from A to B). Speculation on price is not done by taking paper positions in one direction, but by limiting or increasing your paper hedge, aka trading the "basis" or margin between your physical and your…
What he said.
These are physical traders -- they actually have a heavy workload in terms of communicating with everyone associated with delivery.
Boat captains, harbormasters, mine supervisors, you name it.
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#69Earlier quoted context omitted.
How do you monetize that? But they were adamant that they were a 'media company', so your point is very valid.
For financials? Charge for better data. Its a pretty solid industry, and seems to make Bloomberg lots of money.
I'd gladly pay for yahoo finance, especially if they made it less shitty.
Re: Oil Traders May Be the Only Ones Who Want Yahoo to Survive
#70Earlier quoted context omitted.
you forgot they are running a multi trillion dollar industry on free-as-in-beer software. I doubt they would pay $5 per user. or even a year flat fee. and since they will not pay, you will have to run it on ads. And supporting online/mobile offerings (that do not have their requirement of local client/local logs) will always give you more money. it is a lose/lose situation.
No need to make them pay or support it with ads. Keep offering it to them for free and make a killing front-running them on commodities trades. Or just trade regular stocks since the whole market seems to move based on the crude prices. Either way, it should be pretty easy for a hedge fund to make way more money from eavesdropping than it costs to run the service. It would be a good way to teach an industry with plen…
While tech will eventually reach there, today is not the day that deceit becomes an acceptable business plan.