By 1998, Yahoo was the beneficiary of a de facto Ponzi scheme. Investors were excited about the Internet. One reason they were excited was Yahoo's revenue growth. So they invested in new Internet startups. The startups then used the money to buy ads on Yahoo to get traffic. Which caused yet more revenue growth for Yahoo, and further convinced investors the Internet was worth investing in. When I realized this one day, sitting in my cubicle, I jumped up like Archimedes in his bathtub, except instead of "Eureka!" I was shouting "Sell!"
For sure. People seem to think that you can just do all the market moving announcements that Altman has done and then say "Oops I don't have the money". Crashing into reality will bring a lot of pain.
The problem with that story is the dates. If you sold in 1998 when PG realized the ponzi characteristic of the market[1] you'd have lost ("lost") a ton of money. The nasdaq composite in June of 1998 was about $1800. It reached a peak of $5000 (!!!!) just before the crash.
The advice is correct, but in practice it's only helpful if you can time the crash, which you can't. Cycle-driven run-ups in advance of bubble burst events can be shockingly long.
[1] Which is roughly where we are right now with the AI bubble.
> By 2026, Nvidia was the beneficiary of a de facto Ponzi scheme. Investors were excited about AI. One reason they were excited was Nvidia's revenue growth. So they invested in new AI startups and cloud hyperscalers. The startups and hyperscalers then used the money to buy Nvidia chips. Which caused yet more revenue growth for Nvidia, and further convinced investors AI was worth investing in.
Fixed this for anyone still not processing the bubble.
I wonder if you can load a font from base64 string like you can with images. Then, one may write a pure js library which generates such font from a set of rules on the fly. Catered to a specific use case.
That's a funny perspective. USSR just before that time mostly killed communist apparatus members¥ and with them innocent people. In such an environment, there naturally won't be too many dissidents, so I don't think they registered.
They did kill a lot of supposed sympathiers of pre-Soviet Russia, though.
¥ As they say, internal competition is the most fierce one.
Are you forgetting that the USSR took control of about a dozen other countries during and after the war? That led to events like Katyn, which had nothing to do with communist dissidents.
Because in most cases the leasing company that owns the solar panels will not transfer the lease to the new owner, they will only agree to sell them outright at some outrageous price(usually the cost of the panels when they were new, which usually has absolutely nothing to do with their current market value or in fact with the cost of a similar installation today).
In many locations solar add zero value to the house. So it is possible that you owe more on the house+panels than you can get. Most buyers do not know the worth of solar and so won't pay anything extra for a house that has them (overall, a few are willing to pay, but others will see it as something they will have to pay to remove). Even if you find the one buyer who understands the value, the bank do not understand how it will affect finances and so assume zero - backed up with there are so few buyers who care that they don't see many higher offers coming in for houses with solar.
For one, perhaps because Telegram does not take sides and does not take down Russian content.
Perhaps because they had some agreement in the end, perhaps because they simply couldn't.
In any case, it is now vital information infrastructure in ways YouTube isn't.
Even though YouTube definitelt is critical. It's not just an amusement source.
> For one, perhaps because Telegram does not take sides and does not take down Russian content.
it does take sides, FSB can take down channels that are too concerning for them, but for the most of it they are pleased with just monitoring and getting user data they need
I can't remember a single instance where Tg will take down a channel that is too concerning for FSB.
After all, Telegram is a worldwide platform and you can directly read Ukrainian news feeds there if you wish so. What would a concerning channel make compared to that?
YouTube was constantly blocking Russian channels and striking down videos, whereas I only remember Telegram banning a single channel in three years, due to a direct US sanctions hit.
As the vote kicked off on September 17, the Smart Voting app disappeared from the Apple and Google online stores
Seems no special treatment though? Telegram always experiences double standards, imo. If faang does it, then it’s following the sovereign law. If telegram does it, it bends to FSB requests. Telegram still works in russia - it came to “some agreement”. Whatsapp never ever questioned there - it’s a secure end-to-end messenger.
> In any case, it is now vital information infrastructure in ways YouTube isn't.
Potentially, but then there is still the risk of what the government knows. Russian citizens living in the West who donated to Ukrainian organizations are at risk if they travel to Russia. If telegram is surveyed by the Russian state that turns into a problem quickly.
It can even go both ways: nothing prevents Telegram to be blocked in Russia, as well as being used to harvest potentially life threatening info about Russian citizens at the same time.
Same for YouTube. If it gets blocked for good, does not mean you can't go to jail for speaking out while on YouTube.
The obvious take away at the moment is to think twice what you write anywhere in the Internet, as well as to avoid doing things with such dire consequences, or at least not bragging about them anywhere on the net.
Those for whom these odds increase faster are at huge disadvantage whereas those for whom it increases slower are at huge advantage. As you can imagine it is variative.
Of course I should have said "those who can bear healthy children late in their lives".
Still wondering how Zoom managed to pull that off - granted, they have a single offering, but describing it as "stable" is a stretch. And the UI is such a mess, don't get me started...
Housing crises are generally a function of policy and markets, not, er, land. Like, the US is pretty sparsely populated and has one. Ireland has a particularly nasty one; again, low population density.
In the Irish case it’s largely down to an attitude after the financial crisis that Ireland would go back to its old pattern of bleeding out the working-age population through emigration, and therefore there was no need to keep the construction industry on life support in the way that other countries did. When this did not come to pass there was a problem; building shut down completely from 2008 to 2014, and while it’s now back on stream, there’s such a huge deficit from the period of no activity that it’s hard to overcome in the short term. Ireland currently has about seven times more housing starts per year per capita than the UK, and it’s still not good enough.
This is a case where a recession, coupled with bad policy, made a housing crisis far, far worse.
By 1998, Yahoo was the beneficiary of a de facto Ponzi scheme. Investors were excited about the Internet. One reason they were excited was Yahoo's revenue growth. So they invested in new Internet startups. The startups then used the money to buy ads on Yahoo to get traffic. Which caused yet more revenue growth for Yahoo, and further convinced investors the Internet was worth investing in. When I realized this one day, sitting in my cubicle, I jumped up like Archimedes in his bathtub, except instead of "Eureka!" I was shouting "Sell!"
Это к вопросу о эпицикле Оракла-Нвидии.