Meta employees reading this: whether you work in Reality Labs, ads, operations, ML compiler, LLMs, marketing, whatever. You're all complicit in the harm. Remember that.
Even those working on React? Asking for a friend
Even React.
Meta's blockbuster trial draws parallels to big tobacco
321–323 of 323 posts
Re: Meta's blockbuster trial draws parallels to big tobacco
#322Earlier quoted context omitted.
Guess I learned something new today. I've always thought "toe the line" means something closer to "staying as close as you can to the line without crossing it", if that makes sense.
Agreed, that's what I thought it meant when I used the phrase :)
It's probably common enough to be an accepted meaning nowadays, like what's happened with "beg the question". I think the original meaning also lends itself very well to people believing the phrase is "tow the line" since that makes some sense with conforming to a rule. Who knows, idioms are a moving target.
Re: Meta's blockbuster trial draws parallels to big tobacco
#323Earlier quoted context omitted.
I do think it breaks down in practice for the goal of deciding which given trade/bet is gambling. I worked for market makers. Their theoretical job is to provide liquidity. They are required to always give a price. So if the theoretical cereal maker wanted to buy a wheat future to reduce risk, the market maker has to offer to sell them one. Then the theoretical farmer comes along later and the market maker buys a mat…
One side of a trade can be a gamble and the other a hedge. A single transaction doesn't need to be classified as a gamble or hedge - it can be both. As for the market maker themselves - they are definitely not gambling. They are trying to make money while reducing risk to the extent possible. You don't walk into the risk management committee and get an excited response because you increased risk all else equal, right…
You started out saying it was simple, but now you have a definition where you need to somehow slice trades down the middle, so I think you're starting to see my point.
Having worked for market makers, I find it weird to get lectured on what they really are. That never goes down well, but especially not when the lecture is wrong. https://xkcd.com/793/