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Stack Overflow sold to Prosus for $1.8B

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Re: Stack Overflow sold to Prosus for $1.8B

#171
post #149

Earlier quoted context omitted.

Yeah but why do those who survive survive?

Mostly it’s random chance. The reality of investing is that it’s mostly down to chance. Take an equally skilled set of investors and give them the same market access and some will do exceptionally well.

This does not stand up to scrutiny at all, for any kind of investing. There have not been so many VC/hedge/PE funds in history that the top ones would arise through chance.

Re: Stack Overflow sold to Prosus for $1.8B

#172

Earlier quoted context omitted.

The problem for me is that generally the highest ranked answers are the oldest, and in a fast moving tech stack this leads to really outdated advice. I do a lot of Python programming and some of the answers only work in 2.7 for example. Same as you, these days I'll just look at the official docs.

Yeah I see that too. Back when python 2.7 was out, the top-rated answer was a really great, python 2.7-specific solution. Now that python 3.9 is out, the top-rated answer is still a really great, python 2.7-specific solution.

The painful thing is there seems to be a large body of people on SO who are trying their hardest to fit any question into the scope of a previously asked question and then marking it duplicate/downvoting it. Some tags are worse than others on this about this, but I have one or two which are painfully policed by people who seem to want no question to be answered at all, ever.

Re: Stack Overflow sold to Prosus for $1.8B

#173
post #108

Earlier quoted context omitted.

Way back in 2008, Google had a feature called SearchWiki that let you X-out or upvote search results. It was little used, but apparently the most frequent usage was to delete ExpertsExchange results. IIRC we ended up making some changes to webspam that resulted in ExpertsExchange links falling off the front page, and then SearchWiki was unlaunched because it was no longer necessary.

I’m dying to have that feature again. I just want to downvote/remove W3Cschools and upvote MDN.

What's your beef with W3schools? IMO the code examples work, and the explanations are relatively short and to the point. MDN is harder to read for new learners as everything is documented like an API.

Re: Stack Overflow sold to Prosus for $1.8B

#174
post #115

"The group’s expansion into internet platforms began in the 1990s' spanning online consumer services, including: E-commerce - including its subsidiary, OLX (100%) Takealot.com (96%) Fintech - including its subsidiary, PayU (98.8%) Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%) Etail - including its subsidiary, eMag (80.1%) Travel - including its associ…

Interesting. I've hardly heard of any of those companies - are they mostly non-US?

Re: Stack Overflow sold to Prosus for $1.8B

#175
post #169

Earlier quoted context omitted.

Yeah but why do those who survive survive?

You know that old scammer trick? Pick 512 wealthy people, pick a stock, write half of the the people the stock will rise, the other half the stock will fall. Wait for the real development, dump the addresses of the losers, pick a new stock and start again. Write one half stock will rise, other half, stock will fall. Repeat until only one address is left. Now give him the opportunity of an large investment. You have s…

And how does this apply to modern investment funds who have to regularly provide client reports and make disclosures?

Re: Stack Overflow sold to Prosus for $1.8B

#176
post #124

Earlier quoted context omitted.

Ever heard of survivorship bias?

Yeah but why do those who survive survive?

Simple answer, it's impossible that all people choose the wrong investment even if you just choose by chance. It like playing the lottery, why do some people win? Because not all can lose all the time. And as soon you reach a certain wealth level it's easier to keep that level than to reach it in the first place, unless you are in idiot.

Re: Stack Overflow sold to Prosus for $1.8B

#178

I ended up losing access to my ancient account (it was using the OpenID providers that they don't even support anymore and the provider I used isn't around). I had gone fairly inactive, but recently wanted to contribute some content. This was on the DIY stackoverflow, there's a fairly common problem on my stove, but an easy, low/no cost fix, it's just very involved. The DIY SO had a good discussion of the problem. To…

Yeah I've very often had something of substance to contribute but lacked the "merit" (or points or whatever). I wonder how common that is and how it could be handled - i.e. differentiating against spam

Re: Stack Overflow sold to Prosus for $1.8B

#179
post #11

I always thought Microsoft would be a natural buyer given the tech stack and Microsoft's support for developers. Unrelated story, I have a day one Stack Overflow account. I don't remember how I found it but I'm sure it was posted on digg or slashdot or something at the time. I had a lot of posts in the first few years about some generally broad concepts, and completely inactive since. In spite of this, I am in the to…

> In spite of this, I am in the top 7% of accounts on the site, which is a nice reminder on the power of compound interest! I'm also in the top 7%. That's down from 12% or so from five years ago. However, I haven't gained many points during the same interval. That leads me to believe it's not about compound interest but new users joining.

> I'm also in the top 7%. That's down from 12% or so from five years ago.

Isn't being in the top 7% up, not down, from being only in the top 12%?

Re: Stack Overflow sold to Prosus for $1.8B

#180

Everyone is saying how 1.8B is a ton, but I’m kinda surprised that it’s “barely” more than the Depop acquisition today at 1.6B.

Stack overflow is probably responsible for increasing global developer productivity by maybe ~1000x the acquisition price. In a sense it’s a tragedy of the commons.

You'll never capture all of the value you create.

But in the case of StackOverflow it really must be a large schism. SO really did help the world. Count me++.

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