161–170 of 264 posts
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You know who else would be surprised, is 1998 Larry Page & 1998 Sergey Brin. Especially the part about hearing their company called an "advertising company," much less the largest one.
Which then makes any ad-paid company an advertising company. Which is a completely useless definition. Don't mix source of revenue with core business, especially in multi-sided markets.
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I say the same about largest media company in the world. It's shocking that people don't know it's Facebook. And in their case not just in the world, but the largest media company in history by a very wide margin. People don't see any connection between William Randolph Hearst and Mark Zuckerberg; Facebook really has the best PR team.
> I say the same about largest media company in the world. Indeed. I was just reading about the local broadcast rules (specifically: Sinclair broadcasting wants to buy Tribune media, and the FCC appears to be saying 'go ahead".) . Some people are concerned that this violates rules against concentration of ownership in broadcast stations. But doesn't Facebook operate in essentially 100% of US markets? Should we even c…
I work for a large healthcare system, and the "we're not a tech company" line is often heard. At many levels, I agree—we're in the business of delivering healthy outcomes to our communities, so we need to make sure that efforts across the enterprise support that—but it is often applied in ways that stifle us from delivering what we feel would be the most impactful and cost-effective solutions. I like to respond that…
> "I like to respond that Netflix isn't a tech company, either—they're in the business of delivering entertainment." knowing multiple people from netflix; this is literally a very-uninformed comment... Much of what you even KNOW about cloud-computing, spot markets, streaming, CDNs, etc was pioneered by netflix. They are secretive, but innovative as heck. So, your comment is a big NOPE.
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I work in technology for an investment bank and i hear “we are not a technology company” every quarter. Ironically, the tech we develop is a major factor, if not the only factor, for revenue. My motivation is instantly shattered when i hear that.
I used to work in another financial-related company and "IT is a cost not a revenue center" was thrown around as often as possible. Raise, promotion, formation, a computer made in this decade, anything really would get us that answer. Not only from my boss, but from the IT's top director in various meetings and one-on-one. I used to find it highly frustrating and unfair given that the company would cease to exists wi…
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I work in technology for an investment bank and i hear “we are not a technology company” every quarter. Ironically, the tech we develop is a major factor, if not the only factor, for revenue. My motivation is instantly shattered when i hear that.
Funny, I go the other way, somewhat. Last time I was interviewing for jobs, one line I heard from a whole lot of financial companies was, "We like to think of ourselves as more of a tech company than a bank." It's an instant turn-off for me when I hear something like that. These are companies that should be thinking of tech as a means to an end, and not an end in an of itself. Even when I worked at a major software v…
Companies too invested in tech tend to spend themselves into bankruptcy. Companies not invested enough in tech tend to be overcome by companies with better tech more slowly.
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Source is I work in this field. There are positions with big data and data management that pay well. But the ones paying 350k+ are way harder to get than working at a top tech firm. Theres a quant trading firm called engineers gate that has a bunch of ivy league programmers, the top of the top. They havent made a nickel off their technology. They have a had a huge outflow of talent to Google and FB. People do get pai…
If "data scientists" working at Google are considered tech roles then finance quants should be as well, right? I agree that there's a distinction between data engineers and quants but to me they're all tech roles essentially.
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It looks like Goldman has no tech people among their top executives. I would have expected at least a CTO or CIO. I don't see this working out for them. http://www.goldmansachs.com/who-we-are/leadership/executive-...
Marty Chavez was, but got promoted: > Prior to assuming his current role, Mr. Chavez was Chief Information Officer, responsible for the Technology Division Profile on him from a few years back: https://www.nytimes.com/2016/04/03/business/dealbook/goldman...