The investors read "11x, the company's, revenue is 10 million" but what they missed was that the correct reading was "11 x [the company's revenue] is 10 million", so the actual revenue is less than a million. Easy mistake to make! Better luck next time investors!
mountainriver
joined 1 year ago
Yeah, the exclusion of the dismal science got a chuckle out of me.
Ok, that makes sense.
I was somehow under the impression that the main wild cat money to real money exchange was to USD, on account of the media about such exchanges. The rest followed.
Something I have been pondering is why when going after Bitcoin from crimes (ransom or stolen) they don't just declare the individual "coins" stemming from illegal proceedings and that when they show up the "coins" will be confiscated and the holders investigated for money laundering. They have a serial number of sorts, right?
It should decrease the trade value of the "coins", might even have the added benefit of scaring people of from the scam currencies. Ay, there might be the rub, for in this modern world of ours suppressing financial "innovations" is treated as worse than scams.
So I was right that it was a Jabra. :)
I think you are right to treat it like a fanzine, do it for the hell of it. That is the fun way.
I believe I read somewhere that Wikimedia was some time ago (a decade ago? who knows and no point in trying to search for the article) exploring the idea of a human curated search engine. Perhaps an idea who's time has come.
Chatbots are coming for the traditional jobs of gurus, astrologers and tarot-readers.
They removed the citation, but did they keep the definition?
That was gross.
On a related note, one of my kids learnt about how phrenology was once used for scientific racism and my other kid was shocked, dismayed and didn't want to believe it. So I had to confirm that yes people did that, yes it was very racist, and yes they considered themselves scientists and were viewed as such by the scientific community of the time.
I didn't inform them that phrenology and scientific racism is still with us. There is a limit on how many illusions you want to break in a day.
Pondering where we are heading, I think the tech monopolies will get larger. The companies in a monopolistic position can raise the prices, right now officially because they have added new shiny AI functions nobody wants. After the crash they will raise prices to recoup losses. Microsoft is already rising prices across the board.
The companies that makes their products worse and more expensive and can't recoup losses through monopoly, well they crash and/ or are bought up. The result is a more monopolistic tech sector, leading to more monopoly rents, worse wages etc.
When I was younger and more idealistically hopeful, I would have added that this would give incentives for switching to FOSS. These days I just think the now even stronger monopolies will work even harder to co-opt or squeeze out any competition.
From topic and lack of citation I just assumed that they had an LLM write it.
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Some of the 19 million 2020 Biden voters who didn't vote in 2024? Maybe some of the 5-6 million they lost one the issue of aiding and arming a genocide in Gaza?
No, going more Nazi must be the way. Much wise, much centrist. Much exhausting.