101–110 of 238 posts
> We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market conditions. Why does a crypto exchange need 4,000 employees?
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I feel like HN should just auto add a comment that says "Why does need employees?" with a follow up comment that explains how large corporations work. It literally comes up in every single layoff announcement or other discussion of company size in some way, and the follow on comments are essentially the same every single time. I'm not saying that a lot of these companies aren't overstaffed (indeed, that's why they ar…
I've come to look at it the other way. "Because that's how large companies work" is a lazy non-answer. An honest answer to this question would break it down: # of engineers, # of ops, # of sales, # of hr, etc. And ideally break it down by business division. Of course that requires some real domain knowledge. I've personally watched morons come in, hire lots of useless employees, and destroy millions of dollars of cas…
Is it naive of me to think that CEOs aren't really much better macro predictors than most of us and are kind of doing this in a wave like fad "because that's what everyone else is doing"?
This isn’t a CEO’s job.
> Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets. This is an incredible couching of the last 9 months of cryptocurrency market behavior. Does anybody actually operate on their belief that "geopolitical factors," rather than astonishing amounts of fraud , are responsible for the current downturn?
Tesla is down 52% vs 9 months ago Bitcoin is down 63% vs 9 months ago Just sayin
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> Crypto simply followed the overall market effects Crypto is performing far worse than even the riskiest decile of the stock market. Which should surprise nobody.
Have we forgotten the amount of profit people made from the prior years of insane price growth? Tell me which stock performed as well as Bitcoin.
It seems like the pro-crypto arguments end up being circular sometimes (not from the same person but the community).
If the market is good, it's a great investment.
If the market is bad, buy the dip!
If it's unstable, remember all thos people who made money?
If it's stable, well it's a currency after all.
There are so many people who view crypto differently there's always someone there to sing it's praises. I'll still have no idea what crypto is supposed to be aside from a vehicle for fraud.
> Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets. This is an incredible couching of the last 9 months of cryptocurrency market behavior. Does anybody actually operate on their belief that "geopolitical factors," rather than astonishing amounts of fraud , are responsible for the current downturn?
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Options very well can be down more than 100%. It's a leveraged bet and a very common vehicle in traditional finance. So much so you can buy/sell them on platforms like Robinhood.
A long position in an option can't be down more than 100%. The only commonly traded way to lose more than you started with are futures (not available on most retail platforms) and CFDs (not legal in many markets, including the USA).
Earlier quoted context omitted.
Options very well can be down more than 100%. It's a leveraged bet and a very common vehicle in traditional finance. So much so you can buy/sell them on platforms like Robinhood.
> a leveraged bet and a very common vehicle in traditional finance Former options market maker here. Taking leveraged, directional risk with options is textbook reckless trading. That Robinhood found people to swing options and crypto is not representative of traditional finance.
Earlier quoted context omitted.
I feel like HN should just auto add a comment that says "Why does need employees?" with a follow up comment that explains how large corporations work. It literally comes up in every single layoff announcement or other discussion of company size in some way, and the follow on comments are essentially the same every single time. I'm not saying that a lot of these companies aren't overstaffed (indeed, that's why they ar…
I've come to look at it the other way. "Because that's how large companies work" is a lazy non-answer. An honest answer to this question would break it down: # of engineers, # of ops, # of sales, # of hr, etc. And ideally break it down by business division. Of course that requires some real domain knowledge. I've personally watched morons come in, hire lots of useless employees, and destroy millions of dollars of cas…