smgit

6 ms·

31.
NEET and McDonald's(frontline.thehindu.com)
1 points by smgit 2y ago|0 comments
32.
by smgit 2y ago
Read some history of the Gilded Age. What happened to Rockefeller, Carnegie and JP Morgan? It wasn't the plebs and their jabbering (see muckrakers) that directly took them down, though that jabbering did help give an unusual dude from
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by smgit 2y ago
People are a protected species. Everyone has limitations in solving every problem in the universe that lands in their lap. And those limited ways of solving problems tend to create new problems. Therefore people are constantly protected lik
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Amazon May Soon Top the S&P 500 in Revenue Dethroning Walmart(entrepreneur.com)
3 points by smgit 2y ago|0 comments
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by smgit 2y ago
Meta has an operating margin of 54%. For comparison, the average tech company runs on far slimmer margins. How does Meta manage such an edge? The answer lies in their own Annual Report—specifically, the litigation section. They’re facing ac
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by smgit 2y ago
https://archive.ph/0KkiX
37.
Pinterest Reports Its First Billion-Dollar Quarter(barrons.com)
2 points by smgit 2y ago|1 comments
38.
by smgit 2y ago
Platform Economics is very different from how firms worked in the past. People are still waking up to it. Their signature feature is they are able to squeeze both the buyer and the seller. To whatever extent they want. Thats the key point.
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by smgit 2y ago
Have you checked the Balance sheet? These companies are basically money printers. Money printers have special status in economics, they don't have to worry about printing cause its always someone else who pays the price for any uninten
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Amazon's Ad Rev crossed $50B in 2024, on track to be 2x YouTube Ad Rev by 2025(adweek.com)
2 points by smgit 2y ago|0 comments
41.
by smgit 2y ago
They know it enables money laundering. They don't care because their goal is enriching themselves any which way possible. This is standard practice where they re-frame the issue to find the largest number of cows (customers, investors,
42.
YouTube Ads Made an Absurd Amount of Money in 2024(gamerant.com)
10 points by smgit 2y ago|9 comments
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by smgit 2y ago
"In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients
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by smgit 2y ago
Santiago Boys is a decent podcast about that whole experiment. And a good lesson in why economic, social and political issues can't be solved through purely technical or financial means. They specifically talk about Dark Tech. So if yo
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by smgit 2y ago
Some one has to pay for those Ads. That creates limits to growth of an Ad based ecosystem. So the thing to pay attention too is not Revenue growth or Profit growth of a Platform but Price of an Ad, Price to increase reach, price to Pay to B
46.
Trump Signs Exec Order to Create Sovereign Wealth Fund to Help TikTok Purchase(deadline.com)
6 points by smgit 2y ago|4 comments
47.
by smgit 2y ago
"original defining primitive" of the web makes no sense and has diminishing value as info explodes while the 3 inch chimp brain everyone has does not.
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by smgit 2y ago
Nazi's required hyperinflation to get the plebs on their side. This is a bit different in the sense bread prices aren't jumping by a million bucks every week. And Nazi Germany of 1930s was a much smaller country with nascent democ
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by smgit 2y ago
They can only make "discoveries" in 2-10 days time frames. Cuz if it requires 2 years to figure something out, what are they supposed to talk about on X or on the podcast circuit? This shithead is so stupid I can't even imagi
50.
by smgit 2y ago
Don't worry people will "cool" on him too. Its the inevitable end state when you give anyone a mic and allow them to broadcast to the entire chimp troupe forever. As Michael Goldhaber reminded us at the dawn of the Internet -
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by smgit 2y ago
The privacy aspect while important given the Uganda example, feels like its really part of a much larger ecosystem. The Platforms store, buy, sell, trade, exchange personal data for Attention Capture which is then traded for cash or reputat
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by smgit 2y ago
People can move to other platforms. But since its basically 2-3 large ones that dominate the whole online ad market, you are probably right. I think its more a question of letting small businesses know, that it can become a trap if they ove
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by smgit 2y ago
Its not true. Look at nukes or rockets. Developing indigenous capability is one thing. Scaling it up and replacing entrenched players is another matter entirely especially when people and info flow is controlled. These kind of news articles
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Meta's Path to a $10T Market Cap(renesellmann.substack.com)
2 points by smgit 2y ago|0 comments
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by smgit 2y ago
It's not going to happen over night. But even if something radical happens, it will probably play out like Marshall Brain describes in Manna - https://marshallbrain.com/manna1 Not all bad.
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Supreme Court lets $7B Meta ad fraud/reach inflation case proceed(searchengineland.com)
8 points by smgit 2y ago|0 comments
57.
MentalHealth Crisis as College Athelets Chase Nil Fame in Attention Economy(forbes.com)
2 points by smgit 2y ago|0 comments
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by smgit 2y ago
Speaking is over rated. Many from Tech spoke up after WikiLeaks and during Arab Spring/Tahrir Square. Guess who is in charge over there today? Generals. Other option would have been religious loonies. For the simple reason the military
59.
by smgit 2y ago
https://archive.ph/1qWyE
60.
Too many calves are born. We dispose of them like garbage(nzz.ch)
4 points by smgit 2y ago|1 comments

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