They've reached market saturation, are not profitable, continually fail to find ways to become profitable, and yet they have a nearly $40 billion market cap. Any concept of valuation is meaningless these days.
Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
171–180 of 203 posts
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#172Earlier quoted context omitted.
> But this means that we're ignoring the harm that was done to the people that lost their income and the disruptions that the rest of the org will experience. As opposed to the 'benefit' that was done while they were granted income? I'm unsure what your point is. Is a business never supposed to 'harm' its employees? They're never allowed to fire people? What is the logical conclusion of your statement? A business oug…
It should actually be very very expensive for a company to fire people. Why do stock markets have an automated forced "PAUSE" when stocks seem like they are crashing? It's because companies, investors, people, or even computers don't always act rationally. That pause has prevented a lot of hiccups from turning into full-blown crashes. Right now, when a company lays people off, the town, state, and federal government…
In Germany, if you lay off many people you might need to inform the unemployment office beforehand. There are thresholds based on both the amount of people laid off and the size of the company.
This is not exactly a circuit breaker, but combined with other employment law this means laying off many people is quite a lot harder and takes longer.
German source with the thresholds: https://www.arbeitsagentur.de/unternehmen/personalfragen/pfl...
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#173Earlier quoted context omitted.
It's really funny to see hackers fall in line to work at big companies. In the 90s all the true hackers hated large established companies and would show them the finger and work for scrappy upstarts. And now all the kids are bending over backwards to work for these large corporations doing hours of leetcode. What a shame.
The hackers of the 90s and 00s are a different breed than those today. Today, many go through a boot camp and enjoy a cozy job. Might as well be an accountant or in HR. The hackers of the early days were tinkerers. Odd ones out, often. They are still out there, but absolutely not taking the traditional path.
In addition to this, there's been a lot of people flooding to tech because the financial incentives are so high and the cost of entry isn't overwhelming. A lot of people want to cash out -- which isn't a crime -- but it's result in a cultural change that's diluted the share of incorrigible hackers.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#174Earlier quoted context omitted.
>He sold the stock after the material became public knowledge. Are there rules about how long you need to wait after the news goes public to sell? Otherwise, it still seems kind of unfair because you could sell 100 milliseconds later before the market can react.
You put up your sell order in 100 milliseconds. The market then reacts as long as it takes to react. Stocks don't instantly settle
If you sell for below market price then the order will be filled quickly and you'll be ahead of the pack.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#175[flagged]
Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for.
We've had to ask you this multiple times in the past, and I don't want to have to ban you, so if you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and sticking to the rules when posting here, we'd appreciate it.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#176It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
> If you think these things aren’t fair or suck, then you should try to move out of the leet coder path and get on the capital owner or business operator side.
Or… unionize. Y’know, hack the corporation.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#177Earlier quoted context omitted.
It's really funny to see hackers fall in line to work at big companies. In the 90s all the true hackers hated large established companies and would show them the finger and work for scrappy upstarts. And now all the kids are bending over backwards to work for these large corporations doing hours of leetcode. What a shame.
It's almost as if when kids grow up and have kids of their own, and have bills to pay, they hold their nose and do things they don't really want to do. of course, some of us never grow up and live in hippie communes and eschew the trappings of things like money.
Who are you talking to?
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#178It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
[dead]
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#179Earlier quoted context omitted.
I grew up in communist USSR. You have no idea how grotesque things can be without a free market.
This argument is basically "I let them shoot me in the leg because they also had a rocket launcher and I know that hurts"
Adult life is a series of compromises and adjusting expectations accordingly.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#180It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
A pawn in the game.