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ryonguy posted:Sadly I'm way too dumb and also stuck in the middle of the country away from rich idiots. Can't you invent from pretend work from home business model and then sell that?
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Aug 14, 2019 20:58
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FilthyImp posted:I remember the days when if you didn't have an AOL keyword things just didn't exist on the net. WebCrawler launched in 1994 and did a pretty good job of keyword-based search. I switched to AltaVista (as a keyword search engine) sometime in the late 90s, then to Google when it came out. I don't think I ever used a curated-category site, but it did seem popular. And yeah, Yahoo's Alexa rank is still 9th in the world, even today when they seem to be imploding.
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Aug 14, 2019 21:22
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MickeyFinn posted:There are other companies that rent office space long term and take on short term renters. There is profit to be made in offering liquidity to the office rental market. The problem is, like Uber, this core idea doesn’t scale and that means the founders and initial investors will be stuck running a business for decades hoping that their investment pays off modestly. In the current environment they have the option of making ridiculous promises and trying to get out as billionqaires before the scam ends. And the latter sounds way more appealing. So here we are. Creative destruction is a wonderful market force, as long as you get paid first. no, the founders pumped up the stock, used his wework stock to leverage buyouts of the buildings, founded a second company to own buildings, and now are using investor cash to pay rent to the founders second company
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Aug 14, 2019 22:39
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Lead out in cuffs posted:WebCrawler launched in 1994 and did a pretty good job of keyword-based search. I switched to AltaVista (as a keyword search engine) sometime in the late 90s, then to Google when it came out. I don't think I ever used a curated-category site, but it did seem popular. Imploding is an odd term to use for a company bought at a cut-rate $4.5 billion 2 years ago and revalued to well under $200 million by the end of last year. I would go more with "already imploded".
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Aug 14, 2019 22:48
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How Uber Makes Its Drivers Payquote:When he stopped driving, he had made about $5,000, but the value of his SUV had dropped from $20,000 to about $15,000. Reviewing his records, the driver found that at least 80% of the miles he drove during that period were for Uber, making about $4,000 of the decline in value attributable to his work for the firm. He was going to have to pay for two service visits, higher insurance rates, and new tires sooner than if he hadn’t been an Uber driver—which all added up to somewhere north of $3,000 in additional costs. In short, he was worse off financially than when he started.
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Aug 14, 2019 22:50
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I think we've been through this before in this very thread. Uber is not a job. It's a way to trade vehicle equity into quick cash, while also being a time sink.
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Aug 14, 2019 22:56
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Uber is screwing their drivers, but this is just bad arithmetic.quote:the value of his SUV had dropped from $20,000 to about $15,000. Reviewing his records, the driver found that at least 80% of the miles he drove during that period were for Uber, making about $4,000 of the decline in value attributable to his work for the firm. The passage of time had nothing to do with it?
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Aug 14, 2019 22:56
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Motronic posted:I think we've been through this before in this very thread. Uber is not a job. It's a way to trade vehicle equity into quick cash, while also being a time sink. Do you think the drivers all see it this way?
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Aug 14, 2019 23:04
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Platystemon posted:Uber is screwing their drivers, but this is just bad arithmetic. Depreciation is heavily tied to mileage and I think especially so when your mileage is unusually high (as an Uber driver's would be) so it's not totally unfair to say that if 80% of their mileage was for Uber then 80% of that depreciation was due to their Uber driving.
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Aug 14, 2019 23:05
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O.K. so after Googling the article’s title so I can click through and bypass the paywall, I see that the vehicle was already a few years old and he only drove for Uber for two months. If the valuations are accurate, Uber really did cost him that much.
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Aug 14, 2019 23:11
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uggy posted:Do you think the drivers all see it this way? Obviously not because they wouldn't be doing it otherwise. This is just preying on people who are economically disadvantaged and uninformed. This particular example may have bullshit numbers, but the theme is still largely correct. And by largely I mean there are areas/drivers that definitely make a living wage. But that seems to be the exception.
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Aug 14, 2019 23:24
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If it "worked" for Uber...
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Aug 15, 2019 00:55
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The Bigger Fool ™ theory is a valid business model!
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Aug 15, 2019 01:10
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Lead out in cuffs posted:WebCrawler launched in 1994 and did a pretty good job of keyword-based search. I switched to AltaVista (as a keyword search engine) sometime in the late 90s, then to Google when it came out. I don't think I ever used a curated-category site, but it did seem popular. Yahoo is still popular in some countries.
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Aug 15, 2019 05:25
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Tuxedo Gin posted:Yahoo is still popular in some countries. Yahoo! Japan is an entirely separate company (has been since it was started - it was a joint venture with SoftBank), and Yahoo!'s stake in it was not sold to Verizon. It has the same branding and general look as older iterations of Yahoo! proper's services but it really doesn't count. It's by far the Yahoo! brand's most successful country right now tho, it's more or like the breadth of use that Google itself receives in most of the world. And for that matter, it relies heavily on Google's services such as for the search engine (Main Yahoo! has primarily had search services provided by Bing with minor additional services by Google for search, since about a decade ago). Yahoo! also had particularly outsize popularity in non-PRC Chinese nations like Singapore and Hong Kong and Taiwan, but it seems to be on a decline these days. It was also more popular than you'd expect in the PHillipines but seems to be having issues there from general lack of Verizon's interest in supporting the international services.
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Aug 15, 2019 05:46
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Feinne posted:Depreciation is heavily tied to mileage and I think especially so when your mileage is unusually high (as an Uber driver's would be) so it's not totally unfair to say that if 80% of their mileage was for Uber then 80% of that depreciation was due to their Uber driving. That dummy shoulda bought a Tesla, Elon said it's guaranteed to appreciate in value as soon as Full Self Destruction is approved by the regulators
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Aug 15, 2019 06:18
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OJ MIST 2 THE DICK posted:no, the founders pumped up the stock, used his wework stock to leverage buyouts of the buildings, founded a second company to own buildings, and now are using investor cash to pay rent to the founders second company I admit to not paying too much attention to the details of this particular scam, but they all have to start at making crazy promises so they can get the valuation and move on to second order scams. I thought the first rule of grifting was to not use your own money?
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Aug 15, 2019 08:07
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https://twitter.com/tomgara/status/1161762187590995974?s=20
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Aug 15, 2019 12:39
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Feinne posted:Depreciation is heavily tied to mileage The initial depreciation isn't. A used car is just instantly worth less and most cars lose 20% of their value the second it's the next calendar year just by no longer being a new car. Like saying that uber costs money and eats into your initial profit is a real thing, driving uber does put wear on your car and causes it to lose value, but including the initial drop from 20,000 to 15,000 as entirely just wear is very disingenuous math just trying to make a fake big number.
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Aug 15, 2019 12:53
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The Uber defender has logged on, welcome to the Resistance OOCC
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Aug 15, 2019 13:02
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Owlofcreamcheese posted:The initial depreciation isn't. A used car is just instantly worth less and most cars lose 20% of their value the second it's the next calendar year just by no longer being a new car.
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Aug 15, 2019 13:05
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lol COME ON https://twitter.com/FatTailCapital/status/1161752827812880384
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Aug 15, 2019 13:13
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Owlofcreamcheese posted:The initial depreciation isn't. A used car is just instantly worth less and most cars lose 20% of their value the second it's the next calendar year just by no longer being a new car. The car wasn't new.
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Aug 15, 2019 14:03
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The more I learn about WeWork the more impressive it is. Presumably, their investors know this stuff and they are supposedly “sophisticated” investors, so how WeWork keeps the grift going is truly impressive.
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Aug 15, 2019 16:07
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In addition to the mileage, using your car as a taxi puts significantly more wear and tear on it than normal use. You have a lot of idling, stop and go traffic, shorter trips, and of bunch of people in your car who are not concerned with preserving the interior. I would never buy a car that was used as an Uber without a deep discount, and dealerships are starting to ask about it when people trade cars in.
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Aug 15, 2019 16:26
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In-depth analysis of the We Company IPO filings
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Aug 15, 2019 23:23
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Note the age of the character. Not an accident.
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Aug 15, 2019 23:46
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Konstantin posted:In addition to the mileage, using your car as a taxi puts significantly more wear and tear on it than normal use. You have a lot of idling, stop and go traffic, shorter trips, and of bunch of people in your car who are not concerned with preserving the interior. I would never buy a car that was used as an Uber without a deep discount, and dealerships are starting to ask about it when people trade cars in. Yeah but look on the bright side: there are few cold starts.
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Aug 15, 2019 23:58
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In Today's News: Amazon is literally a cyberpunk dystopia https://twitter.com/AmazonFCHannah/status/1161910397336768512 If you find yourself emotionally sensitive to the suffering of others, please for the love of god don't read the rest of this account's tweets
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Aug 16, 2019 04:47
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A big flaming stink posted:In Today's News: Amazon is literally a cyberpunk dystopia It's wild: Technocrat posted:https://twitter.com/rulesObeyer/status/1161820065773182976
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Aug 16, 2019 04:57
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monetizing the rotting hot potato
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Aug 16, 2019 10:12
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ok so how many ubers is $219,000 per hour In other news: engineer.ai, a startup, claims to automate app making but actually just uses humans. Theranos model still going strong it seems
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Aug 16, 2019 11:53
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jaete posted:In other news: engineer.ai, a startup, claims to automate app making but actually just uses humans. Theranos model still going strong it seems It's artificial artificial intelligence
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Aug 16, 2019 13:19
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Konstantin posted:In addition to the mileage, using your car as a taxi puts significantly more wear and tear on it than normal use. You have a lot of idling, stop and go traffic, shorter trips, and of bunch of people in your car who are not concerned with preserving the interior. I would never buy a car that was used as an Uber without a deep discount, and dealerships are starting to ask about it when people trade cars in. Don't forget the puke
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Aug 16, 2019 13:23
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I did make an effort not to throw up in the rideshare car that one time. (I wasn't drunk, just sick)
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Aug 16, 2019 13:48
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Thank you for your service.
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Aug 16, 2019 15:57
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https://twitter.com/dulcedecommie/status/1161964053343772672?s=19 https://twitter.com/PierreMenard/status/1162025558978510848?s=19
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Aug 16, 2019 18:44
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It wouldn't be nearly as disturbing if they weren't both enthusiastic and clearly so goddamn bad at it.
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Aug 16, 2019 18:54
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There's a lot being hurled at Amazon over this. Couldn't the simpler explanation just be that working at Amazon warehouses makes you younger?
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Aug 16, 2019 18:59
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Ghost Leviathan posted:It wouldn't be nearly as disturbing if they weren't both enthusiastic and clearly so goddamn bad at it. The mind-melting part of this is how poo poo they are at it. Cheesus posted:Couldn't the simpler explanation just be that working at Amazon warehouses makes you younger? The simpler explanation is that this isn't actually from Amazon because while they do abuse their warehouse workers I can't imagine that a tech company their size that deals with the number of product reviews that go through their servers is this bad at astroturfing.
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