30 karma · joined December 3, 2014
One example is the algo trading systems going off strat due to a news posting, which may then get revised a short while later, but by then it can be too late, the portfolio is already affected.
Another industry affected is the research, advisory and consulting houses. Clients pay them for a reasonably constructed set of arguments and viewpoints, but fast news means the client can in some occasions validate or invalidate those paid for opinions in almost real-time, potentially lowering the value.
One day, maybe we will have a slow news movement.
A friend who makes a very decent income as a pest controller has very interesting stories to tell about the size of the rat population he encounters, the shift in their diet over the years (more fat and junk food remains), and worryingly, their increasing resistance to the wide range of controls in use today.
The fact I need an IDE to make it workable (just) highlights this point. J2EE was terrible too, because it showed where things can go, if you let the Java astronaut architects lead.
Some of my most profitable projects were helping to rescue systems by migrating to to an alternative language on the JVM, or off it completely.
The worst part is the damage Java inflicted upon a generation of developers.
I have a problem, I think I will use Java, and Eclipse, and Maven, and all the rest. Now I have twenty thousand problems!
Edit - if you disagree, then say so. Bit spineless to downvote without a valid point to back it up!