61–70 of 110 posts
Edit: Deleting this comment. I don't know enough about the subject matter to speak as confidently as I was.
Magic Leap actually have a product and it's actually pretty damn good at what it does. What they don't have is revenue. There just isn't a big enough market for mixed reality headsets.
Earlier quoted context omitted.
There's nothing wrong with pointing out a pattern
I like patterns too. For example have you ever noticed China artificially props up the US economy via bonds/debt/investment and in return has flagrantly been allowed to steal pretty much every byte of US IP, both from the private sector and defense with zero pushback from our "intelligence" community, legislature, and only a hand wavey stop it from the Obama admin? You still like patterns?
I like patterns, do you have some?
> China artificially props up the US economy via bonds/debt/investment
I don't believe you can support that claim. The US economy is far larger than the Chinese economy and far wealthier. The US consumer is far wealthier and far larger than the Chinese consumer. That also includes the US equity markets being far larger and the US bond markets being far larger. Further, US manufacturing is also not dramatically smaller than China's manufacturing sector and their manufacturing has already peaked.
China's holdings of US treasuries and US debt in general is entirely trivial. It's so small now the Fed could wipe it out with a modest round of QE and the dollar would hardly notice (especially since the dollar is very strong right now). It becomes more trivial by the day as China's holdings have been stagnant for many years, the US economy continues to grow larger in real terms, and the US Government's debt continues to expand (reducing China's relative share; their relative share has plunged over the past decade).
Since late 2009 / early 2010, China's US treasury holdings have not net expanded. In inflation adjusted terms, they've contracted considerably (by at least 20-25%). In that time the US economy has added an economy the size of Germany + France (about ~$7 trillion non-adjusted).
China is less critical to the US today, than at any other time in the past decade. That is especially true given their imports of US goods are not very considerable and have not expanded in about eight years (a time during which the US added ~$5.x to $6 trillion to its GDP, even further reducing China's real import contribution value to the US economy).
Earlier quoted context omitted.
I like patterns too. For example have you ever noticed China artificially props up the US economy via bonds/debt/investment and in return has flagrantly been allowed to steal pretty much every byte of US IP, both from the private sector and defense with zero pushback from our "intelligence" community, legislature, and only a hand wavey stop it from the Obama admin? You still like patterns?
> You still like patterns? I like patterns, do you have some? > China artificially props up the US economy via bonds/debt/investment I don't believe you can support that claim. The US economy is far larger than the Chinese economy and far wealthier. The US consumer is far wealthier and far larger than the Chinese consumer. That also includes the US equity markets being far larger and the US bond markets being far lar…
Chinese companies have a very long history of state-supported IP theft. When a Chinese product so obviously mimics an American product--especially when the chief engineer used to work for the American company--it's on the Chinese company to prove that no IP theft occurred. They've lost the benefit of the doubt.
Xenophobia and disdain for due process all wrapped in less than 100 words. Someone get this guy a medal for brevity.
Look what happened to the Japenese bullet train, the Samsung foldable displays, Huawei, etc. etc.
Earlier quoted context omitted.
> You still like patterns? I like patterns, do you have some? > China artificially props up the US economy via bonds/debt/investment I don't believe you can support that claim. The US economy is far larger than the Chinese economy and far wealthier. The US consumer is far wealthier and far larger than the Chinese consumer. That also includes the US equity markets being far larger and the US bond markets being far lar…
So its even worse, our leaders gave them the crown jewels and got nothing in return you say?
The politicians in DC obviously love the idea of debasing their sole superpower status and their global power that goes with it. They like that notion so much, they've never been known to launch wars on the other side of the planet, commit coups, abuse sanctions, abuse their global intelligence / espionage position, or use any other such tactics in the post WW2 era to continue that position of power. So they'll just hand it over to China on a silver platter through vast, intentional IP transfer. More likely, there is a combination of political superpower naivety (persistently overestimating their ability to control China over the past two decades) and incompetence at work.
Magic Leap promised Fiber Scanning Displays ; They conned everyone into believing they had the tech to beam photons more real than reality's directly in your eyes. Now that they baited and switched, they should just STFU. Who cares if someone copied their disappointing actual stuff?
Magic Leap promised Fiber Scanning Displays ; They conned everyone into believing they had the tech to beam photons more real than reality's directly in your eyes. Now that they baited and switched, they should just STFU. Who cares if someone copied their disappointing actual stuff?
Whatever they promised - The Google's and VCs of the world put in money into them. What does that tell us about investors in this country?
Just saying, there is definitely some rationale to it, esp when considering how investment portfolios are precipitated on a few huge winners and 99% losers.
Magic Leap promised Fiber Scanning Displays ; They conned everyone into believing they had the tech to beam photons more real than reality's directly in your eyes. Now that they baited and switched, they should just STFU. Who cares if someone copied their disappointing actual stuff?
Whatever they promised - The Google's and VCs of the world put in money into them. What does that tell us about investors in this country?
Earlier quoted context omitted.
> You still like patterns? I like patterns, do you have some? > China artificially props up the US economy via bonds/debt/investment I don't believe you can support that claim. The US economy is far larger than the Chinese economy and far wealthier. The US consumer is far wealthier and far larger than the Chinese consumer. That also includes the US equity markets being far larger and the US bond markets being far lar…
So its even worse, our leaders gave them the crown jewels and got nothing in return you say?
Earlier quoted context omitted.
Summary of the evidence presented in the complaint: 1) Using the same proprietary font in their logo was a really dumb idea: > https://i.imgur.com/7pYZ8bp.png 2) Alleges he engaged in internal meetings "outside the scope of his work at Magic Leap" in order to gain useful information, while simultaneously neglecting his duties at work as he planned to start his own company in China. Before launching a product that loo…
Why on earth does a pre-revenue startup need a proprietary font design?