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Comment Re:Why do they have just a chip shortage (Score 5, Informative) 62

Comment Re: what about stop dicking around and just list p (Score 5, Informative) 62

It almost makes you think that a lot of these supply constraint articles are all BS. If car makers are making more per unit but 10x less sales, their their profits should drop. If their profits aren't dropping with the supply constraints, then they are lying about it to trick people into paying higher prices and buying higher cost models.

What are you looking at that shows their profits aren't dropping?

Let's use Ford as an example. Their most recent quarterly result was for 2nd quarter of 2021, so we'll compare that to prior 2nd quarter results.

- 2Q 2016: revenue $39.5 billion, net income $2.0 billion
- 2Q 2017: revenue $39.9 billion, net income $2.0 billion
- 2Q 2018: revenue $38.9 billion, net income $1.1 billion
- 2Q 2019: revenue $38.9 billion, net income $0.1 billion.
- 2Q 2020: revenue $19.4 billion, net income $1.1 billion.
- 2Q 2021: revenue $26.8 billion, net income $0.6 billion.

$0.6 billion net income for 2Q 2021 is a lot less than the $1.1 billion for 2Q 2018 and 2Q 2020. It's also a lot less than the $2.0 billion from 2q 2016 and 2Q 2017 ( net income for 2Q 2019 took a hit because they were restructuring their businesses in Europe and South America )

Revenue for 2Q 2021 and 2Q 2020 is also a lot less than the normal $38 billion+ they did during 2nd quarter fror years prior to the pandemic.

Comment Purchased Subscribers (Score 1) 34

Ozy would also buy in bulk email addresses from third-party websites like U.S. Data Corporation and Exact Data, ramping up the size of its newsletter following in order to fulfill advertising deals with its clients.

Probably paid for the email addresses with the $5.7 million they got in PPP loans.

Submission + - Tesla Moving Headquarters From California To Texas (cnbc.com)

phalse phace writes: During Tesla's shareholder meeting today, CEO Elon Musk announced that the company's headquarters will be moving from California to Texas, making good on his threat to do so after Alameda County officials blocked the full reopening of Tesla's Fremont plant.

Regardless of the move, Musk reiterated that Tesla would be increasing production at its California plant: “To be clear we will be continuing to expand our activities in California. Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it’s jammed.” He further added that “It’s tough for people to afford houses, and people have to come in from far away.... There’s a limit to how big you can scale in the Bay Area.”

The news comes almost a year after Musk revealed that he personally moved to Texas.

Submission + - Comcast's Sky Jumping Into Television Business With Sky Glass (theverge.com)

phalse phace writes: British Satellite broadcaster Sky is moving away from the satellite dishes that have defined its TV service for decades. Sky Glass is launching today, an ambitious effort to sell television sets that stream Sky TV content over Wi-Fi directly to consumers. There’s no external box, no satellite dish, and no need for a soundbar.

Although announced for the UK today, Sky has global aspirations for Glass TV “built on technology borne of the collaboration as part of the Comcast Corporation.” As such, we might be looking at the platform underpinning Comcast’s rumored XClass TVs for the US.

Sky Glass TVs will be available in three sizes: 43-inch, 55-inch, and 65-inch. Each 4K TV will stream Sky’s TV channels, and integrates in voice control (Hello Sky) and 21 apps to access additional content like Netflix, Spotify, or Disney Plus. The price of a Sky Glass TV is designed to be baked into a monthly subscription to Sky’s TV service, known as Sky Ultimate TV, but you can also pay for the TV upfront if you want to lower the monthly costs.

Submission + - Court Orders Tesla To Pay Former Employee $137 Million For Racial Harassment (cnbc.com)

phalse phace writes: Nearly 4 years after filing a lawsuit against Tesla for enduring constant racial discrimination and harassment, a San Francisco jury has awarded Owen Diaz $130 million in punitive damages and $6.9 million for emotional distress.

Mr. Diaz said he worked as an elevator operator at Tesla’s factory in Fremont, Calif., for about a year in 2015 and 2016. There, he said, a supervisor and other colleagues repeatedly referred to him using racial slurs. He also said employees had drawn swastikas and scratched a racial epithet in a bathroom stall and left drawings of derogatory caricatures of Black children around the factory. Despite repeated complaints, the company did little to address the behavior, he said.

Mr. Diaz said he reached a breaking point when he witnessed similar racist epithets directed at his son, Demetric, who secured a job — his first — at the company with Mr. Diaz’s help.

In an internal email to Tesla staff obtained by Mr. Organ and shared with The Times, Valerie Capers Workman, a human resources executive, downplayed the allegations in the lawsuit.

Comment Re:It's a real shame (Score 1) 85

Biden made money printer go brrrr, which caused inflation, and inflation via money printing is a regressive tax on everyone, which affects the poor and middle class more than the wealthy. It's like putting extra taxes on food and fuel. The wealthy are barely inconvenienced, while the poor are crushed.

Jerome Powell, who was hand picked by Trump to be the chair of the Federal Reserve, made the money printer go "brrrr" in 2020.

Who was President in 2020? Trump.

Why did the money printer go "brrrr" in 2020? Because Trump screwed up and didn't take Covid-19 seriously, telling everyone "We have it totally under control. It’s one person coming in from China. We have it under control. It’s going to be just fine.” and tweeting "“The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!” followed a month later by "It’s going to disappear. One day — it’s like a miracle — it will disappear."

Or, when asked about its continuing spread across the U.S., his reply was: "No, I’m not concerned at all. No, we’ve done a great job with it."

Comment Re:Sure... (Score 2) 72

All other manufacturers stop or reduce greatly their production of cars. But for GM it's just one feature? It seems that chip shortage is a good excuse for not implementing a feature that doesn't work....

Guess you missed the news in September about how GM had to (temporarily) shut down 8 North American plants due to the chip shortage. This came after GM announced in August they were shutting down 3 North American truck plants which came after the July news that they were shutting down 3 plants.

Perhaps because it was so long ago you mistakenly thought it was Ford when in fact it was GM who said they were shutting down 2 plants back in April and 3 plants back in February.

I know it can be hard to keep track of them all since every car manufacturer seems to be having problems with the chip shortage.

Comment Re: Which list was that? (Score 4, Insightful) 37

Netflix Originals will have an (unfair?) advantage in that it's available worldwide. Everything else is so fragmented in availability that the addressable market for it is much smaller.

Netflix Originals also have an unfair advantage in that they're more heavily promoted/presented or recommended. Well, at least they are for me. Here are examples of what I mean. While browsing through Netflix on my Roku, I see the following:

- For their "New Releases," 65 shows/movies are Netflix Originals while 10 are not. (86.67% in Netflix's favor)
- For their "New on Netflix," 47 are Netflix Originals while 28 are not. (62.67% in Netflix's favor)
- For "Recently Added," 43 are Netflix Originals and 32 are not. (57.33% in Netflix's favor)
- It gets better with "Top Picks for Me" though where only 21 are Netflix Originals and 50 of them are not. So 29.58% (almost a third) of the shows/movies Netflix is recommending are Netflix Originals.

I have to scroll to the bottom or do more digging to get past all the Netflix Originals I'm bombarded with.

Submission + - DeFi Bug Accidentally Gives $90 Million To Users (cnbc.com)

phalse phace writes: Robert Leshner, the founder of Compound Labs, just sent out a tweet pleading its users to return the $90.1 million in COMP tokens it accidentally deposited to user accounts.

Users of the popular DeFi staking protocol received the platform's crypto tokens after a system upgrade went epically wrong.

As an incentive, Leshner told users to "keep 10% as a white-hat. Otherwise, it’s being reported as income to the IRS, and most of you are doxxed."

In another tweet Leshner explains what happened: "A few hours ago, Proposal 62 went into effect, updating the Comptroller contract, which distributes COMP to users of the protocol. The new Comptroller contract contains a bug, causing some users to receive far too much COMP. All supplied assets, borrowed assets, and positions are completely unaffected. Users don't have to worry about their funds; the only risk is that you (or another user) receives an unfairly large quantity of COMP."

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