The only thing I will now remember this guy for is when he volunteered to work for Twitter/X after Elon took over. He failed to get twitter code building locally for about 4 weeks when attempting to change some placeholder text in the twitter search bar. He ultimately couldn't figure it out and then immediately quit lol. He even ran a poll on his twitter asking if he should quit, most people voted "NO" then he quit anyway.
It wasn't leadership doing this though. Any meta IC can generate internal apps and dashboards. This was unofficial and unsupported. Some random IC just made it for fun. Management is usually pretty lax with stuff like this (plenty of games and joke internal apps) so they left it up until it became a problem.
Their advertising revenue grew 33% YoY last earnings call. They're literally making so much money they don't know what to do with it so they plow it into each new fad as to not miss out if this one happens to be a new billion user business. This is in addition to returning capital to shareholders via buybacks and dividends.
At a bare bare minimum accounts over a certain size of follower count should be excluded from this flow. They should basically have account managers anyway.
I mean paying for deepseek is sending money to China, and any company in China is pretty much an extension of the CCP (or can become one at the snap of their fingers). I don't think this is much better or worse than the American AI companies.
NYC was the complete opposite. Our company did a scavenger hunt and people were so annoyed at us for interacting with them when they realized we needed more than just directions. If others overheard they’d start edging away or making themselves busy. I’ll be totally honest, I’m the same way, which is why I fit in here I guess lol.
Weren't there reports of Anthropic's stock trading on secondary markets at $1T valuation recently? Now Google invests at a $350B valuation. I get valuations are often times just smoke and mirrors, but this seems like a pretty big disconnect. What's going on there?
In general is there any practical way to fix the issue of "Every rewrite was someone's promotion project"? There doesn't seem to be any incentive for employees to care about projects long term. Keeping something running smoothly is never rewarded the same as launching something new or fixing something broken.
I always thought the comparison to real life falls a bit flat. In the movie there’s a scene where Camacho has a town hall and the audience yells something about everything bad. Camacho fires his gun in the air for silence and acknowledges things are bad and says he’s going to ask the smartest person in the world to help.
So in this scenario the people are allowed to voice real concerns directly to the president without fear of retribution. The president acknowledges things are bad. He describes a plan, with real actionable steps, to help the situation. And to wrap it all up follows through with it and is genuinely interested in making the country / world a better place. None of these things apply to America’s current situation.
At the core of it, in the movie everyone is dumb but well meaning, while in real life most of the idiots are also malicious. They keep voting for the same thing because it hurts their perceived enemies, not because they think their vote will make the country better.
Hopefully I didn’t come off as dismissive. Love the hustle here. It’s always been a dream of mine to quit big tech and do something local like this. Glad to see others have made the jump successfully.
> We have an acquisition of a small residential operator lined up, which we'll build the tooling for and grow a platform around once we’ve proven the model works and can scale.
This is the exact process private equity tries to do at scale, right?
I remember a long time ago on Reddit I saw a post saying (paraphrasing) "AMA: PayPal locked up $600,000 of my money because my video game is selling so quickly they think it is a scam." Turns out this was Notch selling early alpha versions of Minecraft off his personal website, which totally did look like a scam at the time.