231–240 of 689 posts
Hmm wonder why they announced it on a Monday instead of a Friday?
What is the line of reasoning that favors a Friday for layoffs?
Earlier quoted context omitted.
Ahh - the comment from the person with the multi-car garage, the tesla and the range rover. Walk me through what folks without good car / transit access should be using? If cab companies are "essential" then uber is essential and preferred to cab companies in many markets. A lot of folks on HN seems to be approaching this whole situation from the I have a ton of money, can work from home, have a car mental model.
> ation from the I have a ton of money, can work fr is uber cheaper than cabs/public transpo w/o the VC subsidy? 15 years ago there was no uber and people were able to get by using public transpo.
Ridesharing services allow for an unprecedented level of mobility for those who don't already own cars.
Hmm wonder why they announced it on a Monday instead of a Friday?
What is the line of reasoning that favors a Friday for layoffs?
https://www.kornferry.com/insights/articles/bad-news-deliver...
Earlier quoted context omitted.
Ahh - the comment from the person with the multi-car garage, the tesla and the range rover. Walk me through what folks without good car / transit access should be using? If cab companies are "essential" then uber is essential and preferred to cab companies in many markets. A lot of folks on HN seems to be approaching this whole situation from the I have a ton of money, can work from home, have a car mental model.
>have a car mental model. I suspect buying a reasonable used compact car is much more financially prudent than using Uber as you means of transportation. Maybe the calculus flips in a dense city like NYC but there's no way people who commute every day with Uber are doing so for cheaper than actually owning a car.
Developers at unicorns: even in the best of times, do you feel more expendable than you've felt at other jobs? We always are amazed at the number of developers at companies like this. (the numbers I've seen are old, but I guess out of 22,000 employees, it was something like 5000 engineers?) While that allows you to build in a more robust way than a smaller company, it seems like there's no shortage of developers work…
Earlier quoted context omitted.
> I worry the most about Scooters and AV as those are arguably core to urban mobility Scooters are a fad that was never needed. Bikes or mopeds like Revel are 10 times more useful. I don't think scooters replace anything of note, since you can pretty much walk the same distance. They're only fun for tourists and left in the sidewalk for everyone else to stumble over.
I disagree wholeheartedly. Electric scooters are fun and useful, especially for commuting in the morning from a drop off location like a train station. The real question is whether or not it can be profitable, which I highly doubt. I would rather just get my own if I needed it.
It looks like Dara is executing the Jack Welch & General Electric playbook [1]. Essentially, it comes down to "Be the #1 or #2 company in the market or exit" You can debate whether it was successful at GE. The criticism of Jack Welch was that his approach improved short-term financials, but he left a hollowed-out company to his successor that became irrelevant and lost value relative to the S&P. The way I see this pl…
> I worry the most about Scooters and AV as those are arguably core to urban mobility Scooters are a fad that was never needed. Bikes or mopeds like Revel are 10 times more useful. I don't think scooters replace anything of note, since you can pretty much walk the same distance. They're only fun for tourists and left in the sidewalk for everyone else to stumble over.
Earlier quoted context omitted.
Jack Welch retired in 2001 after twenty years as CEO. "Upon his retirement from GE, Welch had stated that his effectiveness as its CEO for two decades would be measured by the company's performance for a comparable period under his successors" If we use the long-term yardstick that Jack Welch suggested we use, he does not come out looking good. We are now at roughly the two-decade mark and GE is trading at the same p…
To read that quote differently: 1981 • Jack Welch becomes CEO • $1.29 2001 • Jack Welch retires • $37.20 (down from its peak of near $60.00 in mid 2000) 2020 • Nearly 20 years post Jack Welch • $6.28. 20 years of Jack Welch - +2,800% increase 20 years after Jack Welch - -83% decrease
GE = (1+2800%)*(1-83%) = 4.93 = 393% appreciation since 1981.
S&P = S&P has appreciated 2000% since 1981.
GE << S&P
Earlier quoted context omitted.
Slightly off topic. What's tier 1/2/3 in the US? I had just heard that kind of system applied in China
San Francisco / Seattle / Boston / New York --- Austin / Salt Lake / Los Angeles / Portland / Atlanta --- Ann Arbor / Chicago / Minneapolis / Miami