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Here's a story about a spoiled brat who spends a lot of his dad's money (as well as millions from other investors) in a failed attempt to make a chatroulette clone http://www.businessinsider.com/how-fling-social-media-app-died-2016-11?r=UK&IR=T
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Feb 10, 2017 02:59
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don't know why this wasn't posted yet, but silicon valley darling unicorn Zenefits just laid off half of its employees: https://www.buzzfeed.com/williamalden/zenefits-is-laying-off-almost-half-its-employees
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Feb 10, 2017 04:02
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Whooping Crabs posted:Here's a story about a spoiled brat who spends a lot of his dad's money (as well as millions from other investors) in a failed attempt to make a chatroulette clone quote:Staff said that Nardone lost a lot of weight during the lifetime of Fling but they couldn't understand why. Another said that his mood became increasingly erratic around the summer of 2015, around the time he went to Ibiza. HUH. 
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Feb 10, 2017 04:22
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Whooping Crabs posted:Here's a story about a spoiled brat who spends a lot of his dad's money (as well as millions from other investors) in a failed attempt to make a chatroulette clone Thank you for posting this! We can all use it as motivation while working in the tech industry. What a piece of poo poo, and what a world where he will continue to have a life better than ours no matter how many mistakes he makes. Knowing he exists is just another piece of evidence that negotiating salaries and getting what you're worth is a moral imperative. Any money you leave on the table at hiring time could go to a human black hole like this fucker. Eat the rich etc
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Feb 10, 2017 06:58
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Weed Wolf posted:HUH.
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Feb 10, 2017 09:05
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fishmech posted:How'd they manage that? Most self-checkouts I see in places have the whole card accepting thing mounted separately, and of the same type as the regular cashier stations have. I don't know the details. It's what I was told by employees at two different local safeways.
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Feb 10, 2017 11:28
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Whooping Crabs posted:Here's a story about a spoiled brat who spends a lot of his dad's money (as well as millions from other investors) in a failed attempt to make a chatroulette clone quote:At this point, Nardone's Italian father, Remo Nardone — a man in his 80s and Fling's biggest investor — stepped in to try to cool the situation down, one of the employees said. But his son didn't react well. He swore at his father before hurling a Pret a Manger baguette in his direction. It narrowly missed and collided with a glass window above his head. Pret a Manger? That's hardcore. quote:Nardone kicked other male users off the platform who posted inappropriate photos of themselves on the app. So not financial mis-management per se, more a founder abusing their own platform. nonathlon fucked around with this message at 14:40 on Feb 10, 2017 |
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Feb 10, 2017 14:19
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You'd think that someone from money could get laid without having to build an app for it The technocracy is fascinating
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Feb 10, 2017 17:45
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quote:At this point, Nardone's Italian father, Remo Nardone — a man in his 80s and Fling's biggest investor — stepped in to try to cool the situation down, one of the employees said. But his son didn't react well. He swore at his father before hurling a Pret a Manger baguette in his direction. It narrowly missed and collided with a glass window above his head. You know this dude's dad is sitting alone every night with a glass of hard booze and his head in his hands, wondering exactly how and when it was his son became a giant shithead
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Feb 10, 2017 17:50
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MikeCrotch posted:You know this dude's dad is sitting alone every night with a glass of hard booze and his head in his hands, wondering exactly how and when it was his son became a giant shithead Kinda reminds me of that one-off Mad Men character who wanted to make jai-alai big in America whose rich dad was just like "yea, he's a shithead, what're ya gonna do, take the job."
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Feb 10, 2017 17:51
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Not a Children posted:You'd think that someone from money could get laid without having to build an app for it oh he could no problem, the app is just to sustain his fantasy of being good at business, at least as good if not better than dad, to demonstrate that he's not just a useless rich boy (which he failed at lol)
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Feb 10, 2017 18:44
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People whose primary investors are their relatives are basically insta-no from me. I'd rather they didn't have funding at all.
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Feb 10, 2017 19:45
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https://www.bloomberg.com/news/articles/2017-02-10/tesla-s-aspiring-unionizer-laments-musk-s-attempt-to-trash-himquote:Tesla Unionizer Returns Fire After Elon Musk 'Trashes' Him get fuuuucked elon
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Feb 11, 2017 18:14
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namaste faggots posted:https://www.bloomberg.com/news/articles/2017-02-10/tesla-s-aspiring-unionizer-laments-musk-s-attempt-to-trash-him
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Feb 11, 2017 19:01
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If you think he should get money, you could give him some of your money.
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Feb 11, 2017 20:07
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namaste faggots posted:https://www.bloomberg.com/news/articles/2017-02-10/tesla-s-aspiring-unionizer-laments-musk-s-attempt-to-trash-him I've said it before and I'll say it again - if you can't afford to hire enough people, ensure their safety, and pay them properly, then you don't have a viable business model. The 1% are just fine with mergers that create monopolies and duopolies, but the second labor pools their leverage to get what they want it's "how dare they!"
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Feb 11, 2017 20:18
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Let us dispel once and for all with this fiction that the rich give any fucks about their employees beyond what it takes to keep the profits rolling in.
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Feb 11, 2017 20:56
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That's why I'm especially worried about automation. Once you get rid of a lot of the jobs, the people who still have jobs have even less leverage. Then hiring enough people won't be a problem, but ensuring their safety and paying them properly will be afterthoughts. Or the definitions of "safety" and "proper" will change so that humans life quality drops a lot. At that point the only mechanism we have to resist is the political system, which we will need to leverage democratically for our interests.
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Feb 11, 2017 23:17
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Of course people are describing Uber choosing to pull out of Taiwan rather than comply with taxi regulations as "Uber is banned in Taiwan." All because they don't want to get appropriate licensing and insurance for the business, or require commercial licenses and insurance with background checks for drivers. Never mind that this would probably not prevent them from making money in any way, even if they had to charge more.
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Feb 12, 2017 00:15
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Taxis... are not hard to get in Taiwan. They're also a good example of how taxis can be regulated efficiently. Oh and if you call for one, they show up, quick. From my first hand experience my guess is that the Uber business model literally isn't viable there.
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Feb 12, 2017 00:55
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As the Uber business model is to lose billions a year in a vain attempt at becoming the only taxi company, it's not viable anywhere.
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Feb 12, 2017 01:00
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fishmech posted:As the Uber business model is to lose billions a year in a vain attempt at becoming the only taxi company, it's not viable anywhere. True, but in this case I think the final truth is taiwanese taxis are locked down in the right way that Uber can't play their graft and shell games there. The impression i got was that those drivers have viable careers, most of them had been driving for 15+ years.
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Feb 12, 2017 01:04
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Taipei has one of the most comprehensive public transport systems in the world you massive loving babies.
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Feb 12, 2017 01:11
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namaste faggots posted:Taipei has one of the most comprehensive public transport systems in the world you massive loving babies. Not just there: https://www.google.com/search?q=dome+of+light+taiwan 
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Feb 12, 2017 01:27
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TheScott2K posted:I've said it before and I'll say it again - if you can't afford to hire enough people, ensure their safety, and pay them properly, then you don't have a viable business model. The 1% are just fine with mergers that create monopolies and duopolies, but the second labor pools their leverage to get what they want it's "how dare they!" FDR said it best I think, in his Fireside Chat the night before signing the Fair Labor Standards Act in 1938 : “Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you – using his stockholders’ money to pay the postage for his personal opinions — tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry.”
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Feb 12, 2017 01:57
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FDR, a man after my own heart. The progressives at that time were so incredible. They were incredibly privileged people. FDR went through the Ivy League and had a person fortune, but supported policies that helped the less fortunate . And now we've got the epitome of "gently caress you, got mine" as President.
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Feb 12, 2017 02:05
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He didn't give up on it, either. The SCOTUS struck down the first minimum wage law (under the National Industrial Recovery Act of 1933, struck in 1935), but once Washington State's minimum wage law held up against SCOTUS scrutiny in 1937, they immediately pushed forward with the Fair Labor Standards Act to get a national minimum established.
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Feb 12, 2017 02:12
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Paying people as little as possible is a good way to ensure that whoever you hire needs the job the most. If you view hiring people as some sort of social good, that's the choice that maximizes that social value.
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Feb 12, 2017 02:15
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Ccs posted:FDR, a man after my own heart.
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Feb 12, 2017 04:06
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Now if the entire country could agree on one smartcard for every railway, MRT, and bus, it would be great. Unfortunately each system is kind of controlled by the different political parties so it will not happen anytime soon.
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Feb 12, 2017 04:14
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sarehu posted:If you think he should get money, you could give him some of your money. sarehu posted:Paying people as little as possible is a good way to ensure that whoever you hire needs the job the most. If you view hiring people as some sort of social good, that's the choice that maximizes that social value. 
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Feb 12, 2017 04:19
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sarehu posted:Paying people as little as possible is a good way to ensure that whoever you hire needs the job the most. If you view hiring people as some sort of social good, that's the choice that maximizes that social value. Except that also drags wages down across the board and amasses more wealth at the top, to the detriment of society and the economy as we've seen over the past century. Which is why we now have places like the London School of Economics creating an International Inequalities Institute to try to figure how to address all the problems economic inequality has caused.
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Feb 12, 2017 04:44
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Ccs posted:Except that also drags wages down across the board and amasses more wealth at the top, to the detriment of society and the economy as we've seen over the past century. Which is why we now have places like the London School of Economics creating an International Inequalities Institute to try to figure how to address all the problems economic inequality has caused. That's a weird theory. Inequality has been falling for the past 3 decades. Edit: In fact, it's been a result of the mechanics I described. People that benefit more from the job while getting paid less -- namely, actual poor people from places like Japan, Taiwan, Singapore, and later China and Vietnam. sarehu fucked around with this message at 06:05 on Feb 12, 2017 |
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Feb 12, 2017 06:02
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sarehu posted:That's a weird theory. Inequality has been falling for the past 3 decades. What's it like on your world? If we visit from Earth, do we need a spacesuit?
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Feb 12, 2017 07:37
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sarehu posted:That's a weird theory. Inequality has been falling for the past 3 decades. Can we please actually use our side of the planet as the relevant sample, you know like the US and EU? EDIT: Like how does someone miss the global financial crisis, the eurozone crisis, OWS, Thomas Piketty and Trump all at the same time.
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Feb 12, 2017 07:52
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MiddleOne posted:Can we please actually use our side of the planet as the relevant sample, you know like the US and EU? Willful ignorance is a hell of a drug. I'm sure that low wage service industry job in the Bay Area is going to lift a whole villiage of North Koreans out of poverty in ways that could never happen if it paid enough for the locals to do it. Yep, any day now, once we learn to telecommute to bus tables and scrub shitters.
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Feb 12, 2017 08:23
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sarehu posted:That's a weird theory. Inequality has been falling for the past 3 decades. In a world with one language and no trade barriers, would you be able to command your current salary and job stability? Enlighten us about the "correct" level of protectionism
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Feb 12, 2017 08:58
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MiddleOne posted:Can we please actually use our side of the planet as the relevant sample, you know like the US and EU? Certainly. Inequality's declined in the US and the EU. In part thanks to the end of the USSR, in part because Western Europe got closer to America. MiddleOne posted:EDIT: Like how does someone miss the global financial crisis, the eurozone crisis, OWS, Thomas Piketty and Trump all at the same time. Here's a fun question for you. Do you believe that the best way to grow the economy (the goal being to maximize growth) is to redistribute money to the rich? Analytic Engine posted:In a world with one language and no trade barriers, would you be able to command your current salary and job stability? Enlighten us about the "correct" level of protectionism Yes, I would, and the correct level of protectionism is: Zero.
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Feb 12, 2017 09:45
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sarehu posted:Certainly. Inequality's declined in the US and the EU. In part thanks to the end of the USSR, in part because Western Europe got closer to America. Oh has it now? Lets see what the OECD thinks about the development of the individual nations at play here.  Source: http://www.keepeek.com/Digital-Asset-Management/oecd/social-issues-migration-health/income-inequality_9789264246010-en#page36 Whoops, that sure is almost all of the developed economies being worse of in distribution than they were 3 decades ago. sarehu posted:Here's a fun question for you. Do you believe that the best way to grow the economy (the goal being to maximize growth) is to redistribute money to the rich. You seem to have me confused with the IMF.
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Feb 12, 2017 10:09
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sarehu posted:Certainly. Inequality's declined in the US and the EU. In part thanks to the end of the USSR, in part because Western Europe got closer to America. Either you're staggeringly ignorant of the most basic facts of recent western history, or you're going to pull out some absolutely amazingly wackjob sources. Either way, this is going to be awesome, please defend this point.
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Feb 12, 2017 18:55
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