391–400 of 774 posts
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Thanks, I wish people could speak clearly.
It's a euphemism for layoffs which is a euphemism for mass firings, a la corporate speak. "Rightsizing," is another one.
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Same thing happened to me. There's a company in Dallas that had a website that basically presented users who were searching for a product type with a list of products along with their ratings. Apparently they were supposed to make money off of affiliate links. The website was buggy and slow, and also... Google does that already. So they pivoted, and now they've aimed their engine at CBD reviews or something. I still…
I wish people would just build solutions to actual problems they have that other people also confirm to have. Not everyone is a visionary like Steve Jobs or whatever, and that’s okay. Just build something that solves your problem and helps others who also deal with it.
https://news.ycombinator.com/item?id=31217221
The desire is there, but the idea(s) aren't and it's not for lack of trying. I've been reading that "ideas are cheap" for over a decade now, but I can honestly say that I haven't once come up with an idea that would make any money.
It's fascinating to trace the genesis of present crash to Fed's policies post 2008 crisis. The interest rates were kept artificially low to prevent another Great Depression. 2010s saw an unprecedented rally of tech/growth stocks, fuelled by cheap capital. Growth at all cost was the mantra, hoping companies will turn profitable at some point á la Amazon. Uber's CEO hit the nail on the head when he wrote "The average e…
Correlation does not mean causation, as it's commonly said. Interest rates were high in the 80s and 90s yet tech stocks boomed. Tech stocks did so well because they make so much money. Facebook earned $40 billion in profits for 2021, 3x Walmart. Google makes even more. Also, market dominance and moat factors working to big tech's favor.
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Earnings are profit (i.e. revenue less costs). https://www.investopedia.com/terms/e/earnings.asp
Net income is profits, also known as earnings. Gross income is just an intermediate-step in the way towards the bottom line (net and/or profits). Its strange that the earlier poster wants to talk about gross instead of net on this point. You can almost always tell that someone is being a bit shady with their arguments when they say "income" or "profits" and then backtrack it to say "Oh, I meant gross income". When yo…
Nasdaq up 3% today. great timing lol . these kind of stories tend to mark bottoms.
There seems to be too many economic headwinds. I think today was a short term relief rally, not the turning point of one month's sell-offs.
I work for non-tech generating 100million+ in revenue. Cushy job, fully remote, good pay and full autonomy with flexible hours working as an IC. I recently talked to a startup, similar pay, culture would be a better fit since it was mostly techies and I'm a nerd by nature.....but things just got awkward as soon as I asked about their revenue....they were bleeding money and I was told they were being acquired by a big…
It’s funny as that was my experience interviewing with companies between 1998-2000. Just insane business models but brazen confidence in themselves. I remember interviewing with a company in 2000 that had burned through like $40 in two years. This was New York and they hired IBM. I don’t remember their product but it was stupid. They had paid IBM to build their own custom app server for Java because their requirement…
I don't think we need the latest Cloud/AI/ML/Crypto/Web3.0 bullshit to spin up fuckedcompany.com again. I remember thinking in ~2015 going to conferences that this shit was never going to last. Then around 2018 driving (sitting) on 101 listening to advertisements for "C3 IoT AI" on NPR thinking, could a company jam more meaningless buzzwords into a single company name? For shits, looked up their stock just and its do…
it's still going on. Facebook & Google are still worth a lot more than they were in 2015. The difference nowadays is that the largest of tech companies are much more profitable and dominant.
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This is also a central banking fail in so far that there's that much liquidity in the market that can't find a productive outlet. There's a lot of money, but also not enough concentrated in one spot to do really useful ventures like large infrastructure projects. So instead the money is distorting everything. Imagine if lending was less cheap for home owners but it was still cheap for governments or really large comp…
why is the housing market not budging. Its just lagging other assets?
Nasdaq up 3% today. great timing lol . these kind of stories tend to mark bottoms.
I'd be stunned if the Nasdaq above 11,800 (i.e. it's current level). There seems to be too many economic headwinds. I think today was a short term relief rally, not the turning point of one month's sell-offs.
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Tesla made more money last quarter than Ford, GM and Toyota. Toyota made 10x the number of cars as Tesla. Tesla is growing vehicle production 50% YoY, while growing profit even faster (having barely hit economies of scale yet). Tesla has a backlog of orders approaching a year in many regions. Everyone else is losing money on their EVs and can't make them in volume production, can't find the batteries for them, becaus…
I'm not sure where you are getting those numbers from. Ford had $37b in revenue Q4. Tesla had $16b. Tesla is an impressive company that's managed to finally be profitable. But currently their market cap is higher than all other auto manufacturers combined. > Everyone else is losing money on their EVs and can't make them in volume production, can't find the batteries for them, you do the math. That's the thing, this s…