371–380 of 605 posts
This is honestly one of the worst ideas Meta has ever had, and this includes the metaverse. Zuck needs to step down, he’s too detached from reality. On the other hand I don’t know who’s left after him, he’s probably surrounded by slimy yes-men.
At this point it's just watching something weird die painfully
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There is another real-world version of this in the US healthcare system, where doctor offices are using domain-specific LLMs to craft multi-page medical approval requests for procedures that cover every known loophole insurer’s use to deny, which are then being reviewed by ML-powered algorithms at the insurance company looking for any way to deny and delay the claim approval. In other words we have a bona fide AI arm…
It’s so bizarre to me that this uniquely US phenomenon of for-profit-middlemen inserted into the healthcare system has resulted in an adverserial relationship between the sick person and the “healthcare provider”. I put that air quotes because insurance companies don’t actually provide health care. They provide insurance. That’s a financial product, not a medical one.
Do they not have anyone sensible left in the room? Like, you’d expect that at some point someone would have said ‘these are comically terrible, we cannot allow them to see the light of day’.
So many of these seven-to-nine-figure disasters are of the "Who thought this was a good idea?" class. They are often things that seem like they might appeal to folks that have never really spent much time, with their sleeves rolled up, actually delivering a product, then supporting it, after it's out there.
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Their revenue and net income are up 20% and 70% yoy. Apparently we can still sell more ads than what I thought is possible.
It's not necessarily more ads but rather more effective ads. Meta is among the best ad platforms for targeting. Customers pay a premium for this.
[flagged]
Please don't create accounts to break HN's rules with. It will eventually get your main account banned as well.
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Yet, there stock is up over 70-80% last year and I have no idea what they really have to show for it.
I honestly wonder if Meta is just cooking the books now. Who are these advertisers ramping up ad spend on that site? And why?
This has been line this for at least a few years.
I heavily assume Facebook is getting richer from enabling scam
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My father has fallen for one fraud after another these last few years. It’s disgusting. Anything in the direction of solving this would be doing the lord’s work.
The solution is for all foreign wire transfers to be insured and reversible which would drive up the cost of doing business with countries home to scammers.
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It’s so bizarre to me that this uniquely US phenomenon of for-profit-middlemen inserted into the healthcare system has resulted in an adverserial relationship between the sick person and the “healthcare provider”. I put that air quotes because insurance companies don’t actually provide health care. They provide insurance. That’s a financial product, not a medical one.
True! Really, it's a three-way relationship: customer - insurer: the govt (or, far more rarely, the employer) is the customer insurer - recipient: the recipient is you. You're really just a necessary but unwelcome side-effect.
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It’s so bizarre to me that this uniquely US phenomenon of for-profit-middlemen inserted into the healthcare system has resulted in an adverserial relationship between the sick person and the “healthcare provider”. I put that air quotes because insurance companies don’t actually provide health care. They provide insurance. That’s a financial product, not a medical one.
> That’s a financial product, not a medical one. It often goes unsaid, but America, on a cultural and political level, is really ideologically fixated on a distinction between working and non-working individuals, and, in a far deeper sense, whether an individual "deserves" healthcare or not. This makes access to healthcare intricately connected to class, wealth, and income, in America. That's why access to healthcare…
So the wealthy and insured are covered. The lowest rungs and those that don't care and will just run away are covered. It's mostly lower / middle lower class that this really hurts, ironically.
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The solution is for all foreign wire transfers to be insured and reversible which would drive up the cost of doing business with countries home to scammers.
The scams sometimes involve getting him to buy gift cards and then sending the card number. Not sure your solution would help.