Social media as it is right now leverages the instincts of bullies, and turns people into mobs. Period. It elevates the one human instinct that is a priori most antithetical to both individual liberty and social cohesion: The desire for naked attention, good bad or otherwise. The only justification it holds out for doing so is that it has identified a profitable vice, a flaw in the human operating system (like gambling) and that there's no law against capitalizing on it.
Binding, truly binding legislation or regulatory oversight is clearly the desirous end state. How in the hell we take even a single step towards that is the 1-3T dollar question.
SBF is in prison, so is Holmes, as was Madoff.
But the burden now trivially rests on the person asserting that the public has any say in the matter to show that it ever happens in the modern era.
The first rule of Crime Club is don’t steal from other rich people. The second rule of Crime Clib is: there are no rules.
I read this sentence 3 times and I still don’t know what it means.
They launder the commons through some remarkably banal linear algebra and assert copyright on the resulting entropy coding.
They smash and partially re-hire and then smash staffing, washing out a bunch of ESOP in the process, timed to the week in many instances, not 15 years after the last time they got popped in Federal court for flagrant wage fixing.
They violate Sherman with App Store tariffs at payday loan vig, get popped for that, and fail to perform.
They pay OSHA penalties calibrated to a different monetary regime and just ignore it being illegal.
Do I really need to keep going? It’s a long list.
Numerous lawsuits are in varying stages of process around this practice, but the one shaping up to be a “test case” is currently looking to be https://www.nytimes.com/2023/12/27/business/media/new-york-t...
They broke the first rule of Crime Club.
You’re just trolling me now right
All of this, including the legal filings are trivially searchable.
How is it me that’s trolling you?
If you disagree on a technical basis from a position of any sophistication, elaborate. If you think this isn’t serious as a heart attack, read the trade press.
1. You're actually trolling. You're writing maximally obtuse prose to poke fun at lefties, which you're actually not. In fact, if @pmarca himself had an HN troll account I'd expect it to look a lot like yours, incl referring to himself as @pmarca.
2. You're capable of writing deeply sophisticated text, with 5 commas per sentence and metaphors for metaphors for what you actually mean, yet you truly, genuinely do not understand the sentence "I do not understand what this means"
3. You're a deeply cynical person, who'd use "I do not understand what this means" as a tactic for undermining the other person's actual argument in a sleazy way, and you think other people would do the same.
Either way, I keep saying "I don't understand" and you keep layering on more of the same argument in the same incomprehensible style. Consider that maybe I, really truly, cannot understand what you're writing, and that I'm not the only one.
I'm leaning towards 2 - I think you mean well and that you somehow really believe that I disagree with you and need convincing. For what it's worth, I agree with most of the things you wrote that I could understand. I'm a lefty too, I think the bigcos have way too much power.
I’ve all but googled the source material for you.
Mute.
Two times, and the second time wasn’t even an accusation.
> I’ve all but googled the source material for you.
Yeah but.. I’m not asking you to! I’m telling you that I find your words, your sentences, so full of meta-metaphors and commas and cultural references that I can’t parse them anymore. I’m telling you that I’m too stupid to understand you and that others are likely too (and judging by some sister comments, that’s true).
I should have assumed positive intent, that’s my bad, and I apologize. But I never asked you to layer on the evidence, I merely asked you to present it in simpler terms. You then ignored that completely, multiple times, and kept arguing with me on the topic at hand. But I don’t even disagree with you!
The language is florid. But the commenter makes a valid take on a complex problem.
The massive land-grab that is "AI+social media" is something we might better understand through the lens of Native American and Aboriginals. When they're not aware that they even own something, and cannot conceive the harms afoot, it's like taking candy from kids.
Oh, wait a minute... they /are/ kids in this case.
That said, these comments don't directly address the issue at hand, which is the shameless and continued use of dark pattern UX psychology against minors.
But do ask for clarification if you don’t understand but still care enough to comment?
That has never been truer than in the UK at present, with the Fujitsu Horizon scandal at the Post Office. We'd rather throw 3,500 lives under a bus than investigate a serious problem with a govt. preferred supplier.
The fungibility of windfall profits into induced market failure to generate more windfall profits has historically only ended one way.