1,751 karma · joined January 31, 2012
Previously: Growth Engineer @ Uber Product Engineer @ BitTorrent Full-stack Dev @ ZeroCater Game Engine Programmer @ Terminal Reality
Email: d@nielpie.rs Twitter: danielpiers Github: dpiers Blog: http://da.nielpie.rs Resume: http://goodwith.computer
A good example is one of his original articles from 2016 [0], which calls Uber out for having -143% profit margins in 2015. In 2015Q1, Uber's revenue was $287MM and loss was 385MM. Horan claimed there was "no evidence that Uber’s rapid growth is driving the rapid margin improvements achieved by other prominent tech startups as they “grew into profitability.”"
However, 2018Q1's revenue was 8.7x and losses were only 1.2x the 2015Q1 numbers. Horan was clearly wrong, and underestimated the potential of the business. I believe he still doesn't 'get it'. If you don't believe in the potential for any growth business, the numbers can look bad on paper, but time will decide who will be vindicated and who will be disproven.
[0]: https://www.nakedcapitalism.com/2016/11/can-uber-ever-delive...
The drama last year caused a depression in valuation, but the financials remained solid and the business has good management, leading to an opportunity for Buffett to acquire a stake at a discount.
Full disclosure: I work at Uber, but the numbers I quoted are public and the opinions are my own.
Cadillac has an eye-tracking system that deactivates the self-driving features if you aren't watching the road, and their system is limited to specific highways they have mapped.
Tesla has a ridiculously inadequate attentiveness control, and they do little to nothing to remind people who regularly fail to keep their hands on the wheel. They don't nag people because they want them to believe the car is more capable than it actually is.
And, I say that as a proud owner of a Model S with Autopilot v1.
Executing a double spend attack on Bitcoin Cash would be a massive success for Bitcoin owners. Same goes for Bitcoin Gold.
You could even create a mining pool/network - let's call it CoinFucker - where every now and then the pool's resources were diverted to attack a rival coin. Doing so damages that coin's reputation, and in doing so reduces the competition. This would be a great way for the majority of mining/computational power to squash would-be rivals.
The bigger question here is whether people will adopt scooters when they are more comfortable on bikes.
Funny how 10 (plus?) years later we’d run into each other on a different site.
This blog post reads like an attempt to preempt a lawsuit after the price of BTC crashes and people are stuck with rapidly depreciating coins because Coinbase's servers were too overloaded to process a sell order.
Other than that minor detail, I generally agree with your comment.
International Consortium of Investigative Journalists. The name is fine and the authors (extremely basic) facts are wrong.