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+ - Social Media Company Stock CYNK is Worth $5 Billion Despite No Revenue or Assets 1

Submitted by njnnja
njnnja (2833511) writes "In what might be considered a sign that there is another tech bubble, social media company CYNK stock has been on a tear lately, and in the course of about a month has increased in value about 25,000%, and now has a market cap of over $6 billion. However, the company appears to have no revenue, no assets, and only one employee."

+ - Supreme Court Rules Against Aereo's Streaming TV Service->

Submitted by bsharma
bsharma (577257) writes "The U.S. Supreme Court on Wednesday dealt a potentially fatal blow to Aereo, an Internet service that allows customers to watch broadcast TV programs on mobile devices.

Launched a year ago in New York and then extended to 10 other U.S. cities, it allows customers to watch over-the-air TV programs on a smartphone, tablet, or computer for as little as $8 a month. Selections can be viewed live or recorded for later viewing."

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Comment: Re:Massive conspiracy (Score 1) 465

by njnnja (#47260053) Attached to: IRS Lost Emails of 6 More Employees Under Investigation

if the IRS should be allowed aggressive auditing powers (and I'm not saying they shouldn't), then it's only fair that an elected body such as Congress should have the right to aggressively audit those audits to ensure those powers aren't being abused. If the IRS can get out of that check by losing particular emails that is a serious problem, just as if the political non profits being audited could avoid problems by disposing of evidence they would rather not have the IRS look at

Comment: Re:War of government against people? (Score 1) 875

by njnnja (#47201705) Attached to: America 'Has Become a War Zone'

But a negative correlation can DISprove cause-and-effect.

Unfortunately even that isn't true: see Simpson's Paradox. Not to pick on you, but it is really tough to make strong assertions one way or the other based on social science data. I think the best we can do is a Bayesian approach; start with some prior assumption based on ideology and personal experience, then adjust that prior based on the results of scientific studies. So in parent poster's case, his prior is that guns are pretty good in society, so the reinforcing data point that more guns = less crime makes his belief stronger. Someone whose prior is that guns are bad should probably not be as affected by that data (and if they are being intellectually honest, it would lessen their conviction that guns are bad), and someone who really had no opinion (if you could find such a person!) should be slightly more positively disposed to guns with that data. Of course, another study will typically come out shortly thereafter saying the opposite, so unless you get a series of studies all going in one direction, science will typically not change people's minds.

Comment: Re:Saved New Yorkers Thousands On Parking Tickets (Score 1) 286

by njnnja (#47165543) Attached to: How Open Government Data Saved New Yorkers Thousands On Parking Tickets

But the effects of this on the non-zero sum economy are important to consider. If the new markings actually do discourage parking in front of the hydrant, then both New Yorkers and the New York Government can be better off because of the improved ability to control fires, thereby reducing damage and protecting firefighters. Hence the knowledge gained from proper analysis of the data makes the world a better place.

Comment: Re:Germany can't prosecute Americans (Score 1) 107

by njnnja (#47109637) Attached to: German Authorities Lack Evidence To Prosecute Anyone For NSA Spying

The Nazi's what understood quite well? (check your possessive apostrophe)

I'll let someone else make the appropriate joke about a grammar nazi comment about real Nazis. So to feel like I contributed something serious to the discussion, I'll simply add that, whatever they understood about SIGINT, the Nazis were pwned by the English-speaking world too.

Comment: Re:The US needs a loser-pays legal system (Score 1) 136

by njnnja (#47107425) Attached to: Federal Court Pulls Plug On Porn Copyright Shakedown

I agree that the first order effects should assume that the system generally works, but it is also important to consider second order effects of the inevitable failures that will occur, and whether the consequences of those failures are acceptable.

However, even the secondary effects of a loser pays system aren't too bad. It would add some Type I error for a (hopefully much larger) reduction in Type II error, which probably makes the system a little better overall.

Comment: Re:Crowdfunding? (Score 1) 280

by njnnja (#47046579) Attached to: Fusion Power By 2020? Researchers Say Yes and Turn To Crowdfunding.

This is why I do not like kickstarter-like equity investments. Kickstarter and Indiegogo should give away free shirts that say "I was an initial investor in a billion dollar company and all I got was this lousy t-shirt." If somebody puts their hard earned money at risk, they should reap the equity-like rewards. Then they can use the proceeds to buy whatever thing the entrepreneurs are selling.

"Engineering without management is art." -- Jeff Johnson