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Comment Re:A serious Question. (Score 1) 46

It's difficult to tell but you will often find that ChatGPT repeats itself a lot, while news written by mainstream media is more concise so that they can fit more news and ads on the same spread. But with all things about trust, you don't trust the news based on how it is written, you trust it based on the trustworthiness of the brand name that produced it.

Comment Re: How many? (Score 1) 49

Maybe Celsius was a viable business model at the start. But once they discovered the profits they earned from investing their customers money no longer offered enough to cover the interest they were paying to their customers, they should have reduced the amount of interest they were offering. Instead they chose to keep it high to maintain customer confidence and prevent a mass exodus. It might not have been a scam at the get go, but became one later on.

Comment TL;DR (Score 1) 15

TL;DR, Bytedance became most valuable by using these SSP Strategies:
1. Broad exploration
2. Rapid iteration
3. Selective focus
4. Maximum-capability cross-pollination
5. Productizing platform services
6. Organizational Enablers
7. OKR system
8. Explicitly flattened hierarchy
9. Data-driven culture

Comment Re: Social Credit System (Score 2) 141

I would have reneged on Trump's agreement, and used the time to bolster the forces on the ground to grind the Taliban into the dirt where they belong. Then I would have left about 20,000 peacekeeping troops in Afghanistan, to allow contractors and internal structure to perform real nation-building.

When Trump signed the agreement with the Taliban in Feb 2020 to leave Afghanistan, the Taliban agreed not to attack US troops and in exchange the US would release 5000 Talibans in Afghanistan. If Biden reneged the deal to leave, the Taliban (now with a bigger force) would immediately resume attacks on US troops which would cause an even bigger backlash.

Comment Re:How ? (Score 1) 39

They needed salaried employees at the start to go to grocery stores and record the prices of goods for the day into the Instacart system. Then the contractors went and picked the groceries when orders were placed. Now that Instacart has enough scale, grocery stores want to join in the network, so the grocery store takes on the responsibility of entering the prices of goods into Instacart's system or else the contractors won't be directed to go there to buy goods. It's an ingenious system.

Comment Re:Ant's business (Score 1) 53

If he really wanted to just provide loans to people who normally can't get them he could have done it by risking his own cash.

They did at the start. Ant Financial started out when Alibaba found out they had a lot of liquidity because, like Paypal, people would load money into their AliPay accounts to pay for online purchase and people rarely moved the money back to their bank accounts. AliPay even gave ways for their customers to earn interest on the money in their AliPay accounts. With that much liquidity on hand, AliPay then launched their lending program to make money off the money. It was only afterwards that they expand the concept and created financial instruments with banks to loan to their customers.

Comment Re:Ant's business (Score 1) 53

One thing that Ant was trying to do was make loans more accessible to regular people and SME businesses. Before then, banks would only loan to huge companies that were also often state-backed companies because those companies were more creditworthy. When those state-backed companies were offered those low interest loans, they parked the cash in the only place where profits were rising despite the economic down, which was in real estate. Which was why China has had a real estate bubble in the past few years. Ant is trying to achieve something that big banks don't have the balls to do.

Comment Our company experienced the same time (Score 1) 93

Our company experienced the same thing. The Chinese government required us to install their software to file taxes online. However our account urged us to set up an independent computer to run their software because if there were any technical problems we would have to send the whole computer in to be fixed. We were lucky to have listened to them as the independent computer didn't have any corporate secrets on it.

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