346 karma · joined February 3, 2014
This is an investment. He didn't throw a $70 million party, he bought an asset he can sell in the future and which he presumably thinks will increase in value over time.
And anybody who just became a billionaire is not going to stick that money into a savings account, they will get hooked up with a very good financial advisor who will help them to grow their wealth. Say he has $1 billion, a decent but not great return on that would be 8% a year. That's $80 million! He could buy one of these every year, spend $5 million and still have $5 million left over. And that's exactly how he should and presumably will manage his wealth. You don't spend your wealth, you grow it and spend some of the income it produces. Which is precisely what any rookie financial advisor would teach him on day 1.
I don't think Google is going to do that, they don't have to because Ads make them so much money, but they could.
AdSense could as well. They roll that into 'advertising' but it has nothing to do with search or any of G's products - and it's a huge chunk of their advertising revenue. Even if search lost all of its marketshare overnight they would still bring in many billions every year via AdSense.
(AdSense is their ad network where they display ads on 3rd party sites, acting as a middleman between publishers and advertisers).
However one thing Quora does way, way, way, way better is your feed (home page on reddit). It's really smart and accurate and unearths lots of great content. Not all of it fresh. Some of it even really old.
reddit should copy that.
Yishan Wong is the biggest power user Quora has ever had, so he surely knows and understands this.
We most subscribe to very different subs. I've never been a part of a community that had so much tolerance for racism. Some subs have rules against but most do not, and users take advantage of that. On most forums and other communities I've been a part of, you get instabanned for any whif of racism in your posts. On reddit you can pretty much say what you want (in most subs).
Methinks some people are taking advantage of the Show HN renaissance...
Most people struggle to get even get one of those. The trifecta is quit impressive.
2. yes, it facilitated prostitution.
Calling her actions slimy was probably out of line.
That would be a really useful/neat tool if it covered...like...all of them.