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Comment Re:Breaking news: investors are idiots (Score 1) 162

Which isn't really news either, because stock brokers and investors are idiots.

Actually, stock brokers are not the idiots in this scenario because they are the ones that made money on commissions because of the idiot investors want to buy shares (and they will make money again when the investors sell the shares for a loss).

As they say, look around the poker table: if you can’t see the sucker, you’re it...

Comment Re:Breaking news: investors are idiots (Score 1) 162

That $9 Billion valuation was given by Forbes.....not just a bunch of day traders buying up stock. If a "respected" voice in the financial industry can get it that wrong, I don't expect John Q Public to do any better.

Actually valuation numbers like "$9B" simply meant that a company claims that for the amount of money received from some sucker, the investors only got "N%" share** of the company.

In the case of Theranos, it was N~4%. Forbes (and other industry trade-press) did not give the valuation, it merely reported what Theranos said some sucker private equity firms were bamboozled into paying for a share of the Theranos dream...

Maybe John Q Public doesn't get that this effectively means the news source of the valuation was actually Theranos itself, but that's a problem with the modern generation of news consumers, they often don't stop to consider the source of their news...

**sometimes these deals are very complicated involving convertible loans, share warrants, and anti-dilution clauses, so often the valuation is inherently misleading as companies self report the figures with the most optimistic spin resulting in the smallest share of equity for the money invested (e.g, all loans repaid before they convert to equity, no share warrants executed, no dilution clauses hit).

Comment Re: The fix is in (Score 2) 102

Bernie supporters got swindled out of 220+ million dollars to see Bernie be a shill for Hillary.

So if someone named Bernie "made off" with your money, should you be
    A. mad at Bernie,
    B. mad at yourself for letting yourself getting swindled,
    C. mad at the system, OR
    D. all of the above
Just curious...

Comment Re:beware greeks bearing gifts (Score 1) 246

It's odd that the richest person in congress would put forth this proposal. It's true that he has a democrat joining in the bill, but what's in it for him? There must be something evil hidden in the text that we haven't discovered yet.

FWIW, Darrell Issa is a big advocate of Open Government as an analogy to Open Source and has partnered with Mark Shuttleworth to create the Open Government Foundation which makes Project Madison...

You can question his motives, and disagree with his politics, but unlike other legislative efforts, typically for the ones that Mr Issa generates, you can generally inspect the process and look for bugs...

Although Issa made his money long ago in the "please step away from the car" alarm business and nowadays makes most of his money from bond funds, I guess you never know what politicians have up their sleeves...

Comment Re:Simple Reforms Needed (Score 1) 246

Actually, the H1b program was *supposed* to work like this. Unfortunately, there are big fat exemptions to having the market wage determined on a case basis:

1. Just pay them over $60K/year
2. Have a masters degree or better
3. Don't hire more than 15% H1bs in your company
4. Hire a bunch of people under the same *nominal* title and share the wage certification determination between them.

You can easily use #1 in a high wage area like SF bay or NYC...
Diploma mills make #2 pretty easy
Big US based consulting companies like IBM and Accenture push #3 to the limit
Infosys/Tata/etc drive trucks through #4...

I think bill is made to address #1 by jumping the number to $100K and indexing it to inflation, and eliminating #2. It doesn't really address #3 or #4 at all.

Comment Re:Nothing from Hilary herself (Score 1) 452

I suppose Hilary's private email server has saved her from being published by Wikileaks.

A previous poster suggested something incriminating would catapult Sanders into the DNC nomination spot.

If nothing actually incriminating is found, but something unfavorable is revealed, that would then help The Donald.

FYI, as a public service, wikileaks maintains a searchable database of Hilary's private email server documents obtained from FOIA request.

Of course now wikileaks is also hosting these newly obtained DNC emails. These DNC leaks mainly serve to discredit the DNC as to being fair to the Sanders campaign and probably mostly serve to open up old wounds among Sanders supporters. I doubt that Sanders could get catapulted to the nomination, but perhaps embolden his supporters to attempt the same stunt that the #NeverTrump folks tried (and failed) to do in the Republican Convention (ie., unbind the delegates).

Comment Re: Bullshit (Score 1) 145

The downside of blackmail is that you may make a lot of money from one mug. But if word gets out your business is essentially destroyed instantly.

Strongly disagree. The whole premise of ransomware depends on the existence of a sustainable model of blackmail. Just like any business you can be too greedy or too reckless and fail, but once the word of the standard operating procedures are established a working arraignment can often be found.

On the other hand, if some third party causes a break of the unwritten rules (e.g, 9/11 or ashley madison), then all bets are off for that type of business...

Comment Re:Amazon is awesome for knockoffs! (Score 1) 337

I have always wondered why the so called brand means anything when it's made by someone else anyway...

The theory behind a brand is that you are buying something from someone who has something to lose and thus might be more motivated to not screw you over.

In a game theoretical sense, a brand is simply an identifier used to track interaction over multiple iterations. It affects the payoff matrix in a way that can promote cooperation between suppliers and customers.

As a very coarse example, think of how people might act when buying illicit drugs on the street. The dealer is the "brand", but you probably have no idea where it was sourced. Trudging over to your "dealer" across town kinda sucks, but opportunistically a middle man (let's call him "Jeff") decides to start up a delivery service to your local 7-11. "Jeff" gave you a choice of dealers for you drug of choice at different price points. You might imagine your "dealer" might get pissed off if "Jeff" allowed other dealers to advertise their product under your "dealer's" name or other dealers that claim that they got their stuff from the same source as your "dealer", but at a lower price. Your "dealer" might get so pissed off that she might cut off "Jeff" and force you to trudge your butt across down to buy directly from her if you want the good stuff.

Your multiple iterations with your identified "dealer" affect your view of the payout matrix with your interaction both directly with her and through the "Jeff" intermediary, even though you know it is sourced somewhere else. A single interaction with other dealers require some other perceived improvement in the payoff matrix (e.g., cheaper, potentially better, etc).

Comment mr robot (Score 3, Interesting) 68

"Using the wall mounted control panel, the module can move across the floor and deploy different pieces of furniture. This can all be done remotely through the Ori app as well."

Given a demonstration about what might go wrong with current home automation in eps2.0_unm4sk-pt?.tc, I shudder to think what could happen if furniture was controllable through an "app"...

Comment Re:Who? (Score 3, Informative) 153

I get the impression that it's kind of like the Verizon of Japan, except maybe with an even larger market share. I believe they own Sprint in the U.S., too.

Like Yahoo, Softbank appears to be valued most by it's Alibaba holdings. The market value of the shares of it's top 5 holdings is worth $22B more than the market value of the company. Interesting, they recently purchased Sprint for about $22B... But unlike Yahoo, Softbank's own telecom business is actually profitable...

Apparently, they recently sold off some of their Alibaba holdings (~5% of 32% for +$9B) and all of SuperCell (70% +$8B) to help finance this ARM acquisition, but most observers believe it will almost certainly require taking on more debt given the amount of cash on hand...

As a result, the shares of Sprint have been impacted as it looks like they won't get all the cash infusion they need to turn around their business...

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