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> sold a small portion of its equity stake in Tencent in April for $14.6 billion. Personally I would never use “small” to describe anything worth 15B… Anyway, Tencent is worth 850B and these guys own approx. 200B of that, so they’re quite large.
Is there really so much money in SO to justify $1.8B? AFAIK they just run some some ads and show relevant job offers.
I hadn't heard of Prosus or Naspers before this. Apparently Naspers owns 31.2% of Tencent. Time to revisit my assumptions with respect to how companies are owned.
Reminds me of "Tencent owns reddit" threads on reddit then someone points out that Naspers owns Tencent. Hilarity ensures.
Then both companies started focusing on "bigger", more ambiguous goals. Their about pages are riddled with the latest marketing-speak: Authentically empowering dignity, community, and inclusivity etc etc.
Now their products are withering. Dying a slow death.
I see these things as correlated. Many on HN will disagree. The honeyed words of social justice are more important than great, well executed products, apparently. It was a good run Stack Overflow.
Earlier quoted context omitted.
Of course, I never expected anything in return, but when you see that a small number of people get 1.8 Billion by essentially selling contributions from users, you start to wonder how much each accepted answer is worth :)
I guess it's the same as if a busy pub was sold. The customers making it busy (and profitable) don't get anything.
Is there really so much money in SO to justify $1.8B? AFAIK they just run some some ads and show relevant job offers.
Just wait till you have to pay big time for your programming answers. 1,800,000,000.- is a lot of benjamins to earn back.
Earlier quoted context omitted.
I played Stack Overflow years ago and have a ~0.3% ranked account, despite not really posting in years. It's amazing how little the ranking seems to have changed in the last 10 years, wavering around in the top half percent whenever I've peeked. I don't know whether the number is dishonest, or whether the new stars and new signups just happen to hold it in status, never sending it to 0.03% or 3%.
Same. I think what happened is that the early users answered all the most frequently occurring questions, and the questions honestly haven't changed much. I think my most popular answer is like how to diff with git. People are using git even more than they were when SO started, so it gets upvoted regularly.
A lot of the early broad answers got those huge upvote counts and make the early users who answered them stay in the top percentiles.
You had a good run Stack Overflow - sad to see it die this way (because we know it all will)
> sad to see it die this way (because we know it all will) Why?
You had a good run Stack Overflow - sad to see it die this way (because we know it all will)
they have some good sides too though.