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forkLding

2,200 karma · joined June 18, 2015

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forkLding··on SiriusXM buys Pandora for $3.5 billion
Business valuation is usually a multiple (3x, 5x, 10x) multiplied by a certain metric such as revenue, net income (can be before tax and interest) or free cash flow with considerations for growth. [Can also include current market cap if they're public or previous estimated valuations as benchmarks]

Plus or minus any assets that can be made liquid/sold for cash which haven't been depreciated totally or can be still used by the new company.

Strategic considerations also factor in customer/user base, current relationships with buyers/suppliers, technical know-how and market share which can boost or decrease the valuation.

Liabilities and the general riskiness of the transaction/merger such as debt can also factor in, so a financially healthy company is worth more.

After all that, it will depend on negotiating power/how much SirusXM wants Pandora and if there are also other potential buyers bidding for the company. If say Apple Music started bidding for Pandora, SiriusXM and Apple Music could keep one-upping each other so that the price increases.

You can google things like Enterprise Value, Discounted Cash Flows, etc. but they're a bit advanced and based on the principles I've mentioned.

forkLding··on Ask HN: High quality investing discussion board?
Seeking Alpha is the one people always tend to refer to in investment clubs and when looking for investing ideas
forkLding··on No Sex Please, We’re Apple: iPhone Giant Seeks TV Success on Its Own Terms
The article mentions that Stranger Things didnt have any sexual content or anything really edgy.
forkLding··on North, Thalmic's Secret Smart Glasses Play
Wondering when they come out officially, gotta support a Canadian company
forkLding··on The game industry of Iran (2016)
China has the same issues, its why there has not been famous Chinese games breaking the international mold despite having one of the world's largest gaming markets and a couple of the world's biggest gaming companies by market value but not actual game titles (they buy a lot of games or shares of studios).

Rampant copyright issues means that a pirated AAA quality Western game is way cheaper than any native Chinese game that any struggling Chinese game studio can make.

forkLding··on Twitch is reportedly blocked in China
Twitch was never big in China or Asia in the first place even when it was not censored so you're gonna have more trouble trying to sell Twitch in Asia, theres already popular dedicated localized streaming sites for each East Asian country, it would be like trying to make Uber successful in East Asia: https://www.techinasia.com/talk/gaming-community-why-hasnt-t...
forkLding··on The problem of shitty software is you because you pay for this shit
Reminds me of that article I read about buying fake shoes where buyers are complaining that the shoes are too this and that and getting their demands met more than if they were at a legitimate shoe-seller, like if you are buying fake shoes, you are buying what you're getting
forkLding··on [dead]
Not surprised, my mother pays for Ximalaya and she's been convincing me to join for several years.

Podcasts and really anything to do with education are way bigger businesses in China than in the states.

forkLding··on China is angered by Apple's iPhone event mentioning Taiwan
Yes I don't care if Taiwan wants independence or not, I have good friends that are Taiwanese
forkLding··on Ticketmaster recruits pros for secret scalper program
So HFT taking advantage of ticket sales arbitrage?
forkLding··on Price Before Product
This is pretty old practice, its called target pricing or target costing in the business world.
forkLding··on Ice age wolf pup and caribou dug up in Canada
Likely wanted to confirm and peer review the results before publishing any details
forkLding··on China is angered by Apple's iPhone event mentioning Taiwan
So is Singapore and Hong Kong. Taiwan doesn't represent China. Republic of Macedonia recently changed their name because Greeks didn't want them to use Republic of Macedonia. If Taiwan wants to be Taiwan, they should change their name to Republic of Taiwan, just because Canada is majority English or German ethnicity doesn't mean its Republic of England. Also they should renounce their claim to the mainland, thats my biggest concern.
forkLding··on China is angered by Apple's iPhone event mentioning Taiwan
I'm fine if Taiwan declares independence but they should stop using the words "Republic of China" to represent themselves and to renounce their claim to mainland China, Taiwan isn't China and should never represent China, if they want to be treated as a separate nation, the first thing they should do is stop using the name of China.
forkLding··on Robinhood Making Millions Selling Out Their Millennial Customers to HFTs
Better explanation for the layman: https://startupsventurecapital.com/robinhoods-exceptionally-...

Some detailed links on payment for order flow:

https://www.sec.gov/fast-answers/answerspayordfhtm.html

https://www.sec.gov/fast-answers/answersmktmakerhtm.html

https://www.sec.gov/reportspubs/investor-publications/invest...

https://hub.ipe.com/find-research/white-papers/payment-for-o...

forkLding··on Additional Mac App Store apps caught stealing and uploading browser history
Once interviewed for a Trend Micro position and had the feeling that they were a well-reputed transnational company, didn't know that this kind of thing could have happened. I expect them to code review so this is something that must have been accepted?
forkLding··on How to Get Kids to Do Chores: Does the Maya Method Work?
Reminds me of how I did my chores as a kid and how I learnt to cook
forkLding··on How to Design for the Modern Web
Linkedin.com is one of the worst offenders here, I avoid using that site because of it.
forkLding··on John McCain has died
RIP McCain
forkLding··on Buzzfeed journalist denied China visa following coverage of Xinjiang crackdown
Starbucks, Apple, Tesla, Western car companies, IKEA, LinkedIn, Coach, Coca-Cola, Nike, L'Oreal, Adidas, Microsoft etc, just google this.

https://www.uschina.org/about/member-companies

forkLding··on Edge Computing at Chick-fil-A
Not that surprised, a fully automated restaurant is every restaurant chain's dream, reduces labour costs and logistical accuracies go up at real-time speed.
forkLding··on Is China a developed country? A long and better answer
I would say China is a Newly Industrialized Country (https://en.wikipedia.org/wiki/Newly_industrialized_country, https://www.investopedia.com/terms/n/newly-industrialized-co...) as they are still a developing country in transition to becoming a developed country simply because you can't group it as a developed country while it still has so many attributes of a developing country but is steadily growing toward developed country status.

I'm more relating it to my situation where my most of my grandparents passed away early due to famine and disease before my parents became adults and might have never owned a car whereas my parents have much more modern luxuries.

forkLding··on Saving Lives with Tech Amid Syria’s Endless Civil War
Sad to see the media no longer reporting Syrian news or seeing it as a headline, whats happening there is very tragic.
forkLding··on Empty shipyard and suicides as 'Hyundai Town' grapples with grim future
I would say Africa isn't the biggest. Vietnam (mentioned in article) and Bangladesh already produce a lot and are overtaking certain industries like textiles and shoes. For example, Nike's biggest amount of contract factories are Vietnamese and they earn roughly one to two dollars per day per Vietnamese worker.

For now, Western companies are still choosing countries in Asia. Maybe Chinese companies are choosing African countries because minimum wage has increased in China and many factories have gone bankrupt and other Asian countries only cater to Western countries for their factory needs.

forkLding··on Tinder founders sue parent companies Match and IAC for at least $2B
For those who don't know, Tinder was launched by Sean Rad and his team out of IAC's incubator Hatch Labs and IAC owns most of Tinder since launch.

More detailed link here: https://www.hollywoodreporter.com/news/barry-dillers-iac-sue...

forkLding··on Empty shipyard and suicides as 'Hyundai Town' grapples with grim future
Its much harder to compete now, even originally Chinese-based jobs are being outsourced too.
forkLding··on Ask HN: iOS developers, where did you learn?
https://www.letsbuildthatapp.com/ is pretty good, good place to start and get intermediate understanding.
forkLding··on My experience with Sarah Jeong, Jason Koebler, and Vice Magazine
I think thats her personality and I think the Chinese authorities will at least allow her that but if she starts drawing too much "controversy" to herself, she will either have to start supporting "socialist values" in public or delete her content.
forkLding··on My experience with Sarah Jeong, Jason Koebler, and Vice Magazine
I think Naomi Wu is trying to protect herself from being attacked by conservative Chinese trolls on the internet who can draw the attention of Chinese companies who will censor her to appease the Chinese govt. which doesn't like scandalous content related to sexuality, etc to be broadcast on public media or likely the Chinese govt. will call for her content to be censored or shut down for sexual or illegal content (Remember technically using/blogging on Twitter and Youtube in China is a grey zone, as firstly its banned in China but you can do it quietly but if you get found out you're saying stuff the Chinese govt. doesn't like, you can be shut down. Its a grey zone because I think the rules depend on what you're saying and I think you are evaluated by individual groups of monitors or something because even Chinese state television has an official youtube channel they update).

Seen it happen before with a popular web series depicting gay love:

https://en.wikipedia.org/wiki/Addicted_(web_series)

http://time.com/4236864/china-gay-drama-homosexuality/

that got two actors banned from appearing on screen.

Scandalous Chinese rappers have also been censored in media and caused a varying degree of hip hop culture to be banned on Chinese media (although still alive and well on the web):

https://www.scmp.com/culture/music/article/2142444/chinas-hi...

Basically if Naomi Wu is seen depicting values that the Chinese govt. doesn't like (like criminality, sexuality, traitorous behaviour, drugs, discrimination, democratic/human rights, etc.), they will censor her and tell the web to shut her down. And then companies won't work with her and every message she posted will be taken down in seconds and she will stay home all day scared and frustrated.

forkLding··on Why do millions of Chinese people want to be 'spiritually Finnish'?
The Guardian likely sourced this story from here: https://www.sixthtone.com/news/1002595/socially-awkward-mill...

Otherwise if not, Sixth Tone provides more details.

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