121–130 of 531 posts
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Almost no one is going to agree with you here. Hacker News is filled with “temporarily embarrassed billionaires” who all think their shitty little app or the fact that they know some obscure useless programming language think will make them rich one day.
and yet people agree with them.
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It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)
Almost no one is going to agree with you here. Hacker News is filled with “temporarily embarrassed billionaires” who all think their shitty little app or the fact that they know some obscure useless programming language think will make them rich one day.
I'm as surprised as anyone how quickly, but I think it's a great thing to see
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The US military is not capitalism. That’s socialism - a job and industry fully dependent on the government and thus is a politically created career. Bullshit jobs don’t exist in the free market, as no capitalist would pay for someone to do something useless. If that is happening it would certainly be because a government regulator required someone to sit there twiddling thumbs.
> no capitalist would pay for someone to do something useless The issue here is definition of useful/useless. If you manage to market regular rocks as magical and convince people to pay a lot of money for them, a capitalist will gladly pay for everything from digging to shipping of those rocks. From a common sense perspective that activity is useless because it's purely wasting resources with no useful effect. From a…
> We legally need the work laptop back, but we’ll help pay for a new one to replace it. What law? I’m not criticizing Spotify at all for this decision, I’m just genuinely curious. A few other companies recently are giving away the laptops so I’m wondering what is different here.
They're likely speaking of their liability should a employee's laptop, containing sensitive information, ever be stolen or re-sold (or simply, left in the hands of an ex-employee with a grudge.) It would be difficult for a IT department to guarantee, for sure without replacing the internals of the device, that the device doesn't contain sensitive information. Probably easier from an inventory and IT security perspect…
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“Better for society” sounds like an overstatement. I think you mean better for Shopify or their investors. Are you excluding those 20% MFs that are getting fired from Society? Where are they gonna do their scissoring now?
You are falling into the trap of the Luddites. As a society we allow layoffs because it reallocates skilled workers to new areas that actually need them. Otherwise why not pay people to dig holes and fill them back in again, forever?
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It's a fundraising advertisement, not for you. The headline is to pitch possible future investors that Shopify will prioritize investor returns over anything else (as ordained by the Prophets of capitalism)
Why the downvote? This comment is spot on. Anyone thinking otherwise is delusional. To see Toby’s give in to investors wholly saddens me. When Bezos was still at the helm of Amazon in the 2000s, the investors demanded a profit (and a dividend?). Not giving in, he kept reinvesting any earnings back in the business for years to come. The current flavour of capitalism is more heavily tuned for profits over other paramet…
Lots of differences. #1 is Amazon was not losing tons of money. They were also doing something novel and building physical infrastructure. Investing in an online retail business when there were few others (none at Amazon scale) is far different than investing in one with tons of competitors and low barrier to entry.
>The current flavour of capitalism is more heavily tuned for profits over other parameters such as employee satisfaction and morale.
People have always like more money than less money.
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Quickly? They acquired 6 River Systems and announced the Shopify Fulfillment Network back in 2019. The were some pivots along the way (using 3rd party vs building out own warehouses) but it seems to me they've been at it for some time.
They're selling Deliverr after purchasing them in May 2022 (finalized in July 2022)
Oh how I love this shit. Fire 20%, Stock up 18% pre-market already. Well done. Fire 100%, your wealth might skyrocket. Wealth trumps ethics, morals and employment.
See: twitter
I'll tell you a personal anecdote about Shopify and why I dislike the company. Back in 2019, I was contacted by Shopify for a job opportunity. After acing multiple remote interviews, their recruiter couldn't contain their excitement. They promised me an onsite interview to simply meet the team and potentially secure an offer. Imagine my surprise when, after enduring a 15-hour economy class flight with barely any time…
