[deleted]
Google Will Eat Itself (2005)
71–80 of 90 posts
Re: Google Will Eat Itself (2005)
#72Interesting, the page info is out of date (if it was ever a real thing) from their "how much do we own" How much do "we" own Google Google Shares owned by GWEI: 819 Amount of USD: 405.413,19 Adsense-Clicks: 1.556.361 Adsense-Page Impressions: 37.538 Adsense-CTR: 2,41% Google Ownership Counter 202.345.117 Years until GWEI fully owns Google. Google Share Price* Current Google Share Price : 495.01 USD Symbol: "GOOG" Cur…
This question comes up a lot when people find Bitcoin wallets that haven’t been touched in nearly a decade and have millions of dollars worth of the token associated to them. Is someone just being incredibly patient?
Or lost their wallet/password
Re: Google Will Eat Itself (2005)
#73Earlier quoted context omitted.
Is lack of attendance something that happens regularly? Can control ever be wrested from majority voting power owners? Page and Brin, Zuckerberg, et al.?
Page and Brin are not married to each other, as far as I know (which would make the shares their common property). You can always try to drive a wedge between them, have one of them turn on the other. With Zuckerberg, no, no chance.
Although the parent is downvoted his point is valid , individually brin or page does not control 50 % of voting rights as zukerburg so alphabet has slightly better structure than Facebook
Re: Google Will Eat Itself (2005)
#74Unpopular opinion but this sounds like a half baked idea that will never amount to anything. Imagine some other equally silly parallels: We generate money by selling iOS apps on a network of hidden developers. With this money we automatically buy Apple shares. We buy Apple via their own app store! Apple eats itself - but in the end "we" own it! We generate money by selling goods on Amazon on a network of hidden affil…
I read the OP as a tongue in cheek thought experiment (or satire), rather than a sincere effort to subvert, cripple and destroy a multibillion dollar company by running advertisements inside their platform. As a result, I suspect that a "half-baked idea that will never amount to anything" was the author's intenion, and that your opinion probably is no more unpopular than those who doubt the chicken really wanted to g…
Based on everything I've read, it isn't an idle thought experiment at all. The artists are genuinely trying to take down Google. Check out the press links:
https://www.theregister.com/2008/08/13/google_will_eat_itsel...
Reading more, it actually gets even worse. Apparently the artists were using a bunch of click bots to inflate their ad revenue, and they were boasting about gaming Google's anti-fraud systems to do so.
Re: Google Will Eat Itself (2005)
#75I'm surprised that someone hasn't set up some kind of autonomous Etherium blockchain controlled organization that buys miners to mine more Etherium to buy more miners...
Re: Google Will Eat Itself (2005)
#76Is this from 2005? Earlier discussion with an identical title / URL on HN (2019): https://news.ycombinator.com/item?id=19784400
Re: Google Will Eat Itself (2005)
#77Unpopular opinion but this sounds like a half baked idea that will never amount to anything. Imagine some other equally silly parallels: We generate money by selling iOS apps on a network of hidden developers. With this money we automatically buy Apple shares. We buy Apple via their own app store! Apple eats itself - but in the end "we" own it! We generate money by selling goods on Amazon on a network of hidden affil…
I don't think it's intended to actually subvert Google. It's simply interesting. It's one thing to speculate on taking over a company through unconventional means, but gradually chipping away at a company using the very thing that powers it is pretty interesting. It's hard to imagine doing that in 2005, even harder to imagine doing it now. Doesn't help that online ads have a certain arcane quality about them. It's cr…
I think it needs an extra layer to make the plan more recursive.
"We use our AdSense revenue on a secret network of sites, 80% of which goes to buy stock in Google, the other 20% goes towards buy Gcp cloud compute that runs a network of bots that are browsing and clicking our ads this generating higher and higher ad revenues to reinvest"
Now if you could make that work, Google really would eat itself.
Re: Google Will Eat Itself (2005)
#78Earlier quoted context omitted.
Yep. Does anyone remember when this was called the Slashdot effect? Being Slashdotted.
Yes, but at that time serving the Slashdot amount of traffic was actually a challenge when using standard setup. (Not impossible, you just needed to put in extra effort) These days unless you're doing something silly you should be able to handle HN front page from a raspberry pi at home.
Wait, how? Using a commercial CDN?
Re: Google Will Eat Itself (2005)
#79Interesting, the page info is out of date (if it was ever a real thing) from their "how much do we own" How much do "we" own Google Google Shares owned by GWEI: 819 Amount of USD: 405.413,19 Adsense-Clicks: 1.556.361 Adsense-Page Impressions: 37.538 Adsense-CTR: 2,41% Google Ownership Counter 202.345.117 Years until GWEI fully owns Google. Google Share Price* Current Google Share Price : 495.01 USD Symbol: "GOOG" Cur…
Some people will save and invest for 40 years until they retire.
Re: Google Will Eat Itself (2005)
#80Earlier quoted context omitted.
Is lack of attendance something that happens regularly? Can control ever be wrested from majority voting power owners? Page and Brin, Zuckerberg, et al.?
The market can influence it though. If the common stock loses 90% of the value due to the bad ownership structure, the founder’s wealth takes a hit and the employees will revolt or walk. If an outsider says “I will buy or invest in your company if you give up the special provisions” then money will talk. The reason VCs don’t do this is the companies that become the 1000X outliers generally have the Super-shares.
That's "get the majority owner to sell" with extra steps.