I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.
We get a lot of grief down here in Florida, but what people don't get is that we are the way we are because the worst people from every other state retire here.
Opendoor is cutting 35% of its employees
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Re: Opendoor is cutting 35% of its employees
#12I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.
Re: Opendoor is cutting 35% of its employees
#13Re: Opendoor is cutting 35% of its employees
#14Re: Opendoor is cutting 35% of its employees
#15I keep seeing "SoftBank-backed ..." in TC headlines, but rarely other funds. Is it just fashionable to bash SoftBank?
Yes it is. They backed a couple hilariously bad bets in a big, public way, and people like feeling smarter than rich strangers. I would be curious, though, if there are other funds with similar scope and track records to Vision 1 that have just managed to skate under public scrutiny thus far.
The two things are related. The public visions for these companies went beyond the standard startup platitudes about 'making the world a better place'. Regular people can see through that, because they don't live in an SV bubble where playing along with this sort of hubris is encouraged.
I don't think anyone thinks they're smarter than Softbank or Adam Neumann. They may just be enjoying the schadenfreude of this hubris come crashing back to earth once reality entered the picture.
Re: Opendoor is cutting 35% of its employees
#16I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.
> They are on a statewide lockdown. Apparently not. But I agree this remark is out of place.
Re: Opendoor is cutting 35% of its employees
#17We never learn our lesson. GE was taken out by their financial division and high risk bets.
Re: Opendoor is cutting 35% of its employees
#18All the ibuyer companies won't make it. Nationwide downturn in house prices and all the inventory these companies are holding are underwater. Zillow and Redfin are more than likely done. Zillow maybe holding 60,000 homes. We never learn our lesson. GE was taken out by their financial division and high risk bets.
Re: Opendoor is cutting 35% of its employees
#19All the ibuyer companies won't make it. Nationwide downturn in house prices and all the inventory these companies are holding are underwater. Zillow and Redfin are more than likely done. Zillow maybe holding 60,000 homes. We never learn our lesson. GE was taken out by their financial division and high risk bets.
Wait, Zillow owns homes?
Re: Opendoor is cutting 35% of its employees
#20All the ibuyer companies won't make it. Nationwide downturn in house prices and all the inventory these companies are holding are underwater. Zillow and Redfin are more than likely done. Zillow maybe holding 60,000 homes. We never learn our lesson. GE was taken out by their financial division and high risk bets.
Wait, Zillow owns homes?