Comment Re: All that is old is now new again (Score 1) 24
Comment All that is old is now new again (Score 3, Interesting) 24
Comment Re:Prediction Markets (Score 2) 78
It's not a remotely level playing field. One soldier who took part in the Venezuela raid basically had orders in hand when he placed multiple bets on the timing of the raid, netting a ton of money. There have been many other examples of inside information being used to stack the odds.
Comment Re:The grift is now right out in the open (Score 1) 78
Unless you're a C-level employee, specifically working in M&A, or maybe as the lead on a truly revolutionary new product (no, your company's Facebook wannabe or thinly disguised open source ripoff ain't it) - You have no insider information to trade on. Sincere belief that your employer's cool new toys are going to change the world ain't it - every company has cool new toys in the pipeline, and most of them are going to flop or at best be just another branded widget.
This is absolutely not true. There are plenty of people in the financial side of a business that have information that is material but non-public, and trading based on that knowledge is illegal, including sudden cuts in spending, audit results prior to publication, and more. HR will be aware of major layoffs. Facilities might be aware of impending site closures before they're announced. All these things can be used for insider trading.
Lower-level people aren't usually pursued because they're small enough to fly under the radar. But that doesn't mean it's not illegal, and it doesn't mean it never happens.
Comment Re:Makes no sense (Score 1) 177
This is absurd on so many levels.
To start with, it's not like the lawsuit has anything to do with what state they're based in. The California AG happens to be leading it, but it's a coalition of 12 states. It's not as if they could escape the suit by moving to another state. This is purely a pressure tactic, nothing more.
I believe they can. States can only sue companies that operate in their state. If Paramount moves to a state that isn't in that coalition, the other 12 will have a difficult time collecting.
Actually moving would be incredibly expensive. Build entirely new studios. Relocate all their employees. Lose a whole lot of employees who don't want to relocate.
And exactly who's going to employ all those who refuse to move? California unemployment isn't exactly stellar these days.
And anywhere else they moved to would be a worse place. They're located in Los Angeles because that's the heart of the film industry. That's where the workers are. That's where all the other companies that support the industry are. Trying to operate in Georgia or Tennessee would be much harder for them.
Your information is...dated. There are thriving film industries in Georgia, for example. It got so good California got scared of it. Granted, things have scaled back a bit in recent years, but that's tracking the overall decline of the film industry. LA is even worse.
Even if they somehow decided it made sense to move, that's not a decision you make quickly or lightly. It would take long and careful planning to choose a new location and prepare for the move. But here he is, saying they're going to start moving in less than two months, and he hasn't even decided what state to move to. Is anyone really supposed to take this seriously?
Please, don't take it seriously. Then, when it happens, it'll be far more shocking.
If in spite of everything he really tries to go through with this, expect a shareholder lawsuit and calls for the board to fire him. But he'd have to be crazy to really do it.
Shareholders have this odd habit of wanting their CEO to do things that increase the profitability of the company. Given how many businesses are fleeing the anti-business climate of California for Florida, Texas, and other business-friendly states -- and thriving in those new states -- they might just give him a raise.
Comment Re: drop in the bucket (Score 1, Insightful) 177
Why do you people have so many weird fantasies about California? Obsessed much? It's fucking weird, dude.
No state has ever gone bankrupt. California's economy is the fourth largest in the world.
Take your meds. Reconnect with reality.
And yet, with all that economy, they still can't make budget
One could be forgiven for saying they can't afford to lose a single dollar of potential tax revenue.
Comment Re:Did they have 2 complete crews? (Score 2) 70
They already have a planned rotation. There will be two crews, rotating every four hours. This isn't unlike existing long-haul flights, except that instead of the crews rotating at the same time, they will be on two-hour offsets. One pilot will stay for the first four hours, the other for the first two hours. A replacement will swap in at two hours and stay through the sixth hour, and then the other will swap at four hours and stay through the eighth hour, and so on. Qantas said that this will apply to all flights of 20 hours or more.
Comment Re:This ruins everything (Score 1) 39
I will not write it, Sam-I-Am,
I will not offer colored ham!
Comment Re:Nobody needs software or services (Score 1) 25
Most comms software is better handled by a service. Email, chat, phone, etc. Let someone else deal with the problems of maintaining it. Almost everything else is worth discussing.
Comment Re:Satan and the Stock Market. (Score 1) 108
Potentially, but not necessarily more than they're going to spend on the work.
Maybe Apple sees it as just the right thing to do. Apple has access to enormous volumes of data that they could monetize if they wanted, but they don't. They jumped through a bunch of hoops to make Lockdown Mode that, if the user screws it up, means that everything is lost. They are unlikely to be making money on that, especially since it limits some app installations and functionality, and they're not going to get fined by anyone for not having it. There is, in fact, a real risk that someone is going to fine them for being unable to recover the data.
Comment Re:Satan and the Stock Market. (Score 3, Insightful) 108
It holds a legal and fiduciary duty to make more money. By every fuck-you-and-me means necessary.
It holds a legal and fiduciary duty to act in the best interests of its shareholders. Tim Cook rather famously told off an Apple shareholder who asked him to commit to pursuing only programs that would be profitable, saying, "When we work on making our devices accessible by the blind, I don't consider the bloody ROI."
That's just one small example by a powerful CEO after a shareholder initiative was shot down 98-2, but most companies spend money on things that reduce profits or are not profitable. Look at the sprawling HQs with fancy buildings that are set up by so many companies when they could have gone with simple brutalist architecture. There are companies that pay well because it promotes long-term stability even at the expense of short-term profits.
I get that these big companies don't deserve blind trust, but understanding what their obligations are is much more helpful than oversimplifications.
Comment Re:They should do the same in The Netherlands (Score 1) 263
Some industries do it. Most run on standard schedules year-round, at least in the US.
Comment Re:They should do the same in The Netherlands (Score 1) 263
Business drive personal schedules. Bigger businesses won't shift because it complicates internal work. That means smaller, local businesses largely won't shift because they often need to match their customers' hours. The end result is that people who are expected to show up at 8:00 for work now will still have to show up for 8:00 then, even if it's two hours before sunrise.
Comment Re:So basically... (Score 2) 195
I credit most of SpaceX's success to CEO Gwen Shotwell. She keeps things going even when Musk is off on an irrelevant tear somewhere else.
Unfortunately, Musk seems to be on a path to sabotaging her efforts. The SpaceX prospectus showed that xAI (which bought Twitter, because why not?) was the reason they posted a loss in the last fiscal year. Even with all the expenditures on Starship, SpaceX would have been profitable. Like every other major AI company, it is not at all clear that xAI can reach profitability anytime in the near future, especially since xAI is blocked from so many enterprises and doesn't seem to be able to keep up with the big three at all. As Starship production scales up, the costs are going to increase, and they need payload revenue to offset those costs. There's so much focus now on the Pez dispenser and the lunar mission that I haven't seen any hints of the conventional payload delivery version (aka, "Chomper") in a couple of years. Maybe it's being quietly worked on. I hope so, because the big space station payloads that were talked about a few years ago will need it.