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Joined 1 year ago
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Cake day: June 6th, 2023

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  • Google was the first example I thought of, because they were founded in 1998, solidly before the dotcom crash. They survived because they hoarded data.

    My point was that every company going into the bubble thought they had a product they could monetize, but virtually all of them failed in favor of just hoarding everyone’s data. Amazon and eBay were competing for ecomerce supremacy, but now even they are just privacy violators for various reasons (amazon via AWS and Alexa, eBay in the interest of detecting malicious account behaviour).

    MySpace is an example of another unsustainable social media model in the vein of many dotcom era services. They died out as soon as Facebook realized they could hoard everyone’s data.

    All roads lead to privacy nightmares. It’s the fossil fuel of the internet, and enshitification is the climate change.














  • Stock movement is always speculative with or without options. The difference that derivatives makes is the ability to price in speculative value at some point in the future as well. The price of a share is reflective of what traders think a company is worth today; but an option is a reflection of what traders think the shares will be worth at some point in the future, which people can then look at and use to re-adjust their estimation of what they think the underlying share price is worth today. It’s a recursive feedback loop that (theoretically) results in share prices closer approximating a true value. A sort of predictive smoothing function.




  • Yes, the examples I cited were used multiple times. And yes, I am aware of national news in the US concerning China, it was not overlooked context.

    The relevant context you might be overlooking are the Red Scare and Japanese internment. It’s not the first time the US has had the looming threat of international espionage, and it’s also not the first time that using a person’s/company’s nationality to infer their true intentions was misguided.

    It is not an outrageous thing to say: being Chinese does not make you a CCP operative.

    The most popular news application in the US having links to China is highly relevant…when the services themselves are being used to spread misinformation and, potentially, disinformation.

    To quote the article,

    Reuters found no evidence that NewsBreak censored or produced news that was favourable to the Chinese government.

    To echo the sentiments above, most of the article is great journalism. The Chinese job listings, the former connection to Yidian, their use of AI and statements from Pearlstine. All important info to see reported. I just wish they would stop saying “China” or “Chinese” as shorthand for “CCP”. All I can hear is Trump annunciating CHYAI-NA.

    I wish the best for the Chinese. I want Chinese people to feel safe when living abroad, without their govt breathing down their neck. I want China to prosper ethically and sustainably.