Earlier quoted context omitted.
Well, maybe it isn't a "windfall" to someone who lives in the tech world and comes to expect such good fortune and thinks their effort should be rewarded in an outsized way. I'm sure we think it's deserved in a relative sense. But it is most definitely a windfall to the rest of the world (even the rest of the country), who work equally hard, under worse conditions, for their entire lives and cannot even hope to earn…
The windfall typically isn’t anywhere close to millions of dollars for regular employers. We’re talking about payouts on the level of buying a new car or placing a down payment on a home.
Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
71–80 of 295 posts
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#72Earlier quoted context omitted.
Agreed, except for one point. Please don't call it a windfall. Anyone in that company that would have seen life changing amounts of money has likely put incredible effort and hard work into making this happen.
Interesting, I just thought a windfall meant "a lot of money at once", but it looks like you're right that it implies luck. So agreed, a different word would be more accurate here.
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#73It would have gone through had Visa's CEO not been so honest at the time of the merger announcement saying that they intended to use Plaid's data to get a leg up on their competitors. > The DOJ cited Visa CEO Al Kelly’s description of the deal as an “insurance policy” to neutralize a “threat to our important US debit business.”
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#74It would have gone through had Visa's CEO not been so honest at the time of the merger announcement saying that they intended to use Plaid's data to get a leg up on their competitors. > The DOJ cited Visa CEO Al Kelly’s description of the deal as an “insurance policy” to neutralize a “threat to our important US debit business.”
Such a poor comment from Kelly that I almost wonder if it was intentional.
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#75Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#76Earlier quoted context omitted.
This comment strikes a nerve with me - perhaps because it's "saying the quiet part loud". I thought the typical goal of hackers and startups was to "change the world" and "make a difference". How does selling to Visa accomplish those things? Isn't expressing sympathy with Plaid's staff for not getting a payout effectively saying "sorry that you might actually have to deliver on the lofty promises this time"? It's als…
>I thought the typical goal of hackers and startups Hackers and startups are two very different groups with very different ideologies and goals and incentives. No idea why you group them together. Some startups have no technical founders even. >"change the world" and "make a difference" Startups are businesses and like all businesses in the end they wish to make money. VCs, for example, are very clearly investors and…
> Some startups have no technical founders even.
And most technical founders aren't hackers, though some definitely are.Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#77Whatever you think about Visa or this merger, this would be a major disappoint to Plaid's team members who thought they were in for a huge financial windfall. If that applies to anyone here, my sympathies and best of luck figuring out what's next for Plaid. Hopefully the morale hit isn't too big on the team.
This comment strikes a nerve with me - perhaps because it's "saying the quiet part loud". I thought the typical goal of hackers and startups was to "change the world" and "make a difference". How does selling to Visa accomplish those things? Isn't expressing sympathy with Plaid's staff for not getting a payout effectively saying "sorry that you might actually have to deliver on the lofty promises this time"? It's als…
At least rappers have the honesty to say it's about that cash.
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#78It would have gone through had Visa's CEO not been so honest at the time of the merger announcement saying that they intended to use Plaid's data to get a leg up on their competitors. > The DOJ cited Visa CEO Al Kelly’s description of the deal as an “insurance policy” to neutralize a “threat to our important US debit business.”
Such a poor comment from Kelly that I almost wonder if it was intentional.
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#79Earlier quoted context omitted.
This comment strikes a nerve with me - perhaps because it's "saying the quiet part loud". I thought the typical goal of hackers and startups was to "change the world" and "make a difference". How does selling to Visa accomplish those things? Isn't expressing sympathy with Plaid's staff for not getting a payout effectively saying "sorry that you might actually have to deliver on the lofty promises this time"? It's als…
>I thought the typical goal of hackers and startups Hackers and startups are two very different groups with very different ideologies and goals and incentives. No idea why you group them together. Some startups have no technical founders even. >"change the world" and "make a difference" Startups are businesses and like all businesses in the end they wish to make money. VCs, for example, are very clearly investors and…
Re: Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block
#80It would have gone through had Visa's CEO not been so honest at the time of the merger announcement saying that they intended to use Plaid's data to get a leg up on their competitors. > The DOJ cited Visa CEO Al Kelly’s description of the deal as an “insurance policy” to neutralize a “threat to our important US debit business.”
Such a poor comment from Kelly that I almost wonder if it was intentional.