361–369 of 369 posts
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It also depends on whether you have friends that use Snapchat. I'm 24 and a college senior, so within the right age group, but none of my friends use Snapchat. It's only fun if you have friends who use it.
What do you/they use on a regular basis?
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Social networking is becoming the dominant form of media. Media controls what people think, including their politics, and what products they buy. You need to stop and see the big picture here. facebook is basically as powerful as the entire TV industry combined, with all the power concentrated in a single company. The NYT recently reported that the average US facebook user spends 50 minutes/day on facebook. And peopl…
I never said social media was not powerful. The question is what percentage of the "economy" it makes up. This source[1] puts the share of the "internet economy" at 5.6% of US GDP. I'm not sure how those terms are defined in this study. But the point remains that no matter how powerful you think the internet and social media have become, the economy is large and diverse. Here is one breakdown of GDP by category[2]. E…
My fiancee is an architect and I invest in real estate so I probably have a broader view of this than most (if only due to the luck of my draw/circumstances). Plus my father worked his entire career in factory operations.
Part of the problem is that HN is so software/Bay Area-centric, it's an industry cluster that pushes out a lot of traditional S&P 500 companies. To be honest, I have mixed feelings about this. On one hand, living here, you are definitely "in a bubble" thought and perspective-wise. On the other hand, living in the bubble means you get to see what's coming next, and let's face it, the S&P 500 is backward. It's hard to appreciate how backward so much of it is, it's practically incomprehensible to the average Bay Area tech person. People overall are paid just way less, 40-hour weeks are the norm, people don't read books or retrain much, everything is done via emailed word documents and playing "did you get the latest changes" vs. VCS), etc.
Arrogant? Maybe, but you tell me how companies here can post such exceptional operational performance relative to their more "average" peers.
Healthcare is enormous. Holy crap, what, 24% of GDP?
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I think you are being more than a bit pedantic for very little benefit. I never said "Non Gaap accounting", I said "Non Gaap measures". That doesn't have to mean Pnl, it can, and was intended, to mean things like user engagement numbers, monthly uniques, etc. Is there a different terminology that you would prefer that I use? how about this........ I'm interested in seeing whether they focus on their earnings vs user…
Yup i think 'earnings vs user growth numbers' is a great way to put it My thinking was that 'People worried about money losing companies with huge valuations' is a popular cause of consternation and 'People worried about non-GAAP accounting' is another popular (for some people) cause of consternation. Gaap(Pnl) vs non-gaap made me suspect you were conflating the two worries, and made me wonder if lots of people might…
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But they don't bundle SMS and 'HoIP' any more, and aren't they killing it in favour of Duo & Allo? But with ~~poor~~ no marketing, and no web UI...
You can use Hangouts for SMS and 'HoIP' still, but they made it a lot more difficult. I'm really not the target demographic for messaging applications, but I am baffled by how Google has handled Hangouts (which seemed to be incredibly popular and worked better 10 years ago - I'm avoiding the name changes over the years because I was able to use the same account continuously), Allo and Duo (I have never tried either a…
Yes, it's exactly that 'more difficult' I mean by 'you can't bundle them any more'. SMS and 'HoIP' with the same contact used to appear in the same conversation, but they removed the feature - disabling it for those with it enabled a priori, and disabling others from enabling it.
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I don't know about years prior, but Snapchat's executive team is making over a million a year. Not much risk at this point.
My comment was in the context of engineering (as that's what I interviewed for). Executive-level positions are a lot more nuanced.
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US tax law is bonkers
A consumption tax solves it. Someone buys a Lamborghini, they pay tax on it. They save the money, they pay nothing. But taxation is power, government can play favorites by using tax laws to reward contributors.
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For some reason whenever people use the word "frothy" to describe something, I gag slightly.
Probably it's from the maturation clinic you took in school where they covered STIs. That and "cheesy."
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"Delegating to a trusted entity" isn't different from "blindly investing"/"buy at any price". jmharvey's point stands.
> "Delegating to a trusted entity" isn't different from "blindly investing"/"buy at any price". Those are incredibly different things. If I put $5000 in SPY, even if the S&P 500 index contains $FOO today I'm not telling my brokerage firm to "buy and hold $FOO at any price", because that's not how the SPY index works, and it's also not how index fund investing works a strategy either. In addition, most indices are bas…
Unless you can educate me as to what you mean here, I understand that this is exactly what is happening. As long as $FOO remains in the S&P 500, buying and holding SPY is financially (roughly) equivalent to buying and holding equity in $FOO in proportion.