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Pinterest S-1

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Re: Pinterest S-1

#161
post #97

Earlier quoted context omitted.

What about Europe, especially Western and Northern - plenty of disposable income to go round there?

Not really... wages suck and taxes are massive. They just have an absurd level of government welfare

Even though there are "absurd" levels health costs in Europe are lower than in the U.S. leading to higher life expectancy.

Re: Pinterest S-1

#162
post #158

Earlier quoted context omitted.

Developers earn 250k USD/year in the US? Any reference to the european "brain dead"-problem?

> european "brain dead" I'm guessing you mean brain drain. Or is there a Creutzfeldt-Jakob disease epidemic that I missed? : )

haha, thx, soooorry, I misread... :))

Re: Pinterest S-1

#163
post #123

Earlier quoted context omitted.

Maybe, but America has relatively low taxes and high income. This is an anecdote, but I was looking at developer jobs in Europe and the salaries are pathetic. 65k Euros for a senior engineer with a 50% tax rate? Are you fucking kidding me? I can make 250k in the US at a 35% rate. It’s absurd. No wonder Europe has a brain drain problem...

Developers earn 250k USD/year in the US? Any reference to the european "brain dead"-problem?

Not all of them, but engineering jobs with total comp >250k USD are not difficult to find at all.

Re: Pinterest S-1

#164
post #127

Earlier quoted context omitted.

Their economy is larger, and yes, bigger GDP than America. Per capita, US still leads, but since I'm not interested in a piss competition here, let me clarify. The point of my reply was that saying that the US has more money does not explain the fact on why people in the US pays more for software than in the rest of the world, which I believe is the key issue when it comes to a social network ability to monetize inte…

> bigger GDP than America Source? http://worldpopulationreview.com/countries/countries-by-gdp/ United States 21,410,230 China 15,543,710

Please check https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) where the World Bank, IMF and the CIA, they all agree China is on top now. But I'm truly impressed how that fact seems to offend people here based on the downvotes these replies get.

Re: Pinterest S-1

#165
post #144

Pinterest is one of the worst things to happen to my search experience in the last decade. I've started wondering if they're using something like StyleGAN to general endless image variations that exist nowhere else (and have no source or context on pintrest) in order to pollute google image results.

Add -site:pinterest.com to your default search.

Is there a goolge overlay site, that allows for auto-adding filters to the search fottages- to await the usualy stockfootage cruft for example?

Re: Pinterest S-1

#166
post #164

Earlier quoted context omitted.

> bigger GDP than America Source? http://worldpopulationreview.com/countries/countries-by-gdp/ United States 21,410,230 China 15,543,710

Please check https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) where the World Bank, IMF and the CIA, they all agree China is on top now. But I'm truly impressed how that fact seems to offend people here based on the downvotes these replies get.

PPP isn’t the actual amount. That’s why people are talking rightfully about nominal. Facebook makes money based off your nominal money, not an algo based PPP since it’s not a real number.

All those organizations you mention all agree USA is still on top for nominal GDP.

I unfortunately think you’re projecting with the people getting offended bit.

Re: Pinterest S-1

#167
post #90

Earlier quoted context omitted.

Why would China be the top market? America has a far bigger GDP and several times larger GDP per capita

"America has a far bigger GDP" It depends on how you calculate it. According to PPP, China has a GDP of 25 trillion vs the US of 20 trillion[1]. Yes, China has a bigger market and bigger GDP. If you calculate nominal GDP, China has ~14 trillion vs the US 20 trillion. US is bigger nominally, but not far bigger. [1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

PPP doesn’t matter at all for a web company trying to make money from different countries. If a GDP is going to matter. It’s going to be the one based on an actual real number.

Being 40% bigger can qualify as “far bigger”.

Re: Pinterest S-1

#168
post #65

Earlier quoted context omitted.

To be more accurate California is an at will state (for everybody: low level employees and CEO's) and non-compete are illegal. Other states are different. It exists to protect the interests of employees. The flipside is if you do resign you don't have to wait 2 months before you leave. It is good practice though to give at least a two week notice.

My understanding was that in At-will states, an employer-employee relationship could be terminated without reason or notice unless there is a contract in place that says otherwise. My (naïve) presumption was that companies would want to put these kinds of contracts in place for their senior leadership.

Those contracts are not enforceable. I guarantee you a win 100% of the time in California.

There are several exceptions:

1) you are the CEO or a top exec in a VERY large company. In that case your personal lawyers are involved in the negotiation of the contract, and it is assumed that you know what you are doing. But even in those rare cases, the law in on your side. 2) a non-compete COULD be part of the sale of your company (I wrote YOUR company, you own it, and your are not merely an employee, even senior employee).

Don't confuse that with the IP rights you give up to the company (legales like like we own EVERYTHING you have created or will create). You can still quit tomorrow with no notice given and work for whomever you feel like. Don’t use that IP, and don’t take ANYTHING with you (no files, no customers lists, no lines of code, no presentations, no emails). Then you are fine.

Re: Pinterest S-1

#170
post #63
post #36

Earlier quoted context omitted.

"If they can improve international monetization then there is a lot of room for revenue growth it would seem." A universal truth in the social network space. Unfortunately, not even FB can really extract much value outside of North America.

> A universal truth in the social network space. In all of advertising. Non-US users remain extremely hard to monetize across the board.

The EU advertising industry is only slightly smaller than in the US on a per-capita basis. So obviously those consumers are being monetized, otherwise businesses wouldn't be spending so much on advertising.
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