Absolutely. I think the FB CoI within American venture capital, where they have fully infested the LP and GP ranks of most funds, is a much bigger and more important story. It really helped me understand that we need to work really hard to keep the rest of the world’s capital markets free and open — a major focus for me these days.
You never know which stories The Information won’t run, or which “negative” articles are actually deflections. Similarly, you never know which amazing startups remain shut out of funding, and a lot of entrepreneurs have no idea about the amount of back channel collusion goes on in creating the funding rounds and “overnight successes” they’re told to idolize.
A random dude on HN such as me shouldn’t be the source of this knowledge. Hope someone takes up the cause, but we live in a time of astounding cowardice.
> The Information reported on Thursday, citing two people with knowledge of the situation.
I miss the old days of journalism, when they might feel inclined to let the reader know that their source for the indirect source is almost entirely funded by the fortune generated by a man who worked slavishly to become a close friend of the boss of one of DeepSeek’s main competitors (Meta).
Feel bad for anyone who gets their news from The Information and doesn’t have this key bit of context.
Oh man, the irony of this response. Do Kwon very specifically did NOT have USD in this situation, and I’m pretty sure his defense will be that there was no representation that the peg would be maintained indefinitely. Whether the evidence points to the contrary is another matter altogether.
As someone who works in an office alongside Japanese illustrators and graphic designers, I would like to know where the manga-style training data came from, and what is being done to ensure that the artists are fairly compensated?
This is ridiculous. The EU has a complete axe to grind against Apple, for reasons that I believe border on corruption (if not, veer completely into it). Meanwhile, Meta has a near-monopoly on social networking in the Western world and is subject to a slap on the wrist at best.
Helle Thorning-Schmidt, one of the best friends of the current EU Commissioner for Competition, Margrethe Vestager, is currently on Meta's payroll. For this reason alone, the current EU Competition Commissioner should recuse herself from being involved in this role. There are other reasons, including direct conversations I have had with co-founders of Meta regarding EU commissioners, that cause me to have very little faith in these people to act fairly, or to do little other than carry out Meta's very long agenda to be able to ride on top of Apple's platform and deliver their own App Store with their own currency (remember Facebook Credits, anyone?) and completely replace iMessage etc for people who live within the mass-scale dystopia that is the Facebook-Instagram-WhatsApp Industrial Complex.
Meta is a total monopoly that causes daily harm to society, and yet this is what the EU finds itself obsessed with. These people should be ashamed of themselves. And, they should release the records of every meeting and every communication they have with Meta and its various lobbyists, and the children/spouses of these people (because they love using the family connection to avoid scrutiny, as evidenced by their hiring of various congresspeople's children in roles that make no sense).
> I'm a SysOps engineer at a fairly large online casino. We have around 4 million monthly active users. We had been happy Cloudflare customers since 2018 on the "Business" plan which has some neat features and costs $250/month for "unlimited" traffic.
Sorry to be “that guy,” but, you’re serving 4 million people at a casino and paying $250 a month for shared multi tenant infra, and you’re SURPRISED you have problems? Really?
To be honest, I’m glad these sorts of businesses get kicked off Cloudflare because it causes problems for others sharing the same IP space and infra. I’ll let someone else with experience discuss how many times a day the network would see a hacking or DDoS attempt against the online casino, which is by far the favorite target of hackers. But in general, I just don’t want any of my infra touching the same stuff as these guys.
Like another person here, I am assuming that Cloudflare ops told someone “tell these guys to get their own IPs and upgrade,” and then the message went to Cloudflare’s (utterly lousy!!!) sales people to try to fix before shutdown, and then it all turned into the mess we see here.
The true moral of the story, I think, is, if you’re running an online casino on a shoestring budget, expect bad things to happen to you. Of all kinds.
You never know which stories The Information won’t run, or which “negative” articles are actually deflections. Similarly, you never know which amazing startups remain shut out of funding, and a lot of entrepreneurs have no idea about the amount of back channel collusion goes on in creating the funding rounds and “overnight successes” they’re told to idolize.
A random dude on HN such as me shouldn’t be the source of this knowledge. Hope someone takes up the cause, but we live in a time of astounding cowardice.