If AWS is spun off, then I don't believe retail would be able to survive. Online retail vs. brick and mortar still has a lot of growth left and it won't make sense to spin it off until it grabs an even bigger piece of the pie.
It's a car; a depreciating asset. I think people got way too attached to the idea that cars were going up in value. In this case, they tried to curb demand by increasing prices when everyone seems to have been doing the same. Countless dealerships added BS overhead as supply was so low last year. That's all changing.
Think about it this way. Money is people's time. SBF stole billions of hours of people's personal time. Effort, savings, sweat, tears all bundled in what we call money. Why shouldn't he repay them with his own time in jail?
Regardless, what has been happening and pointed out is not even an inconsistency - it's a huge red flag. This week we'll see more players go bankrupt or run away with even more money as the fallout from FTX is yet to propagate everywhere. Truly fascinating to watch from the sidelines.
The Twitter thread from SBF is even better where he admits he messed up. And still trying to throw jabs at Binance here and there like it’s their fault they’re here. Unbelievable.
I am guessing because they have over 200-250B in assets, they will have some occasional risky bets here and there that seems like a lot, but is only a small percentage of their overall portfolio.
Exactly. This is such a weird take. Just spend a few minutes browsing through some recent tech blog posts from Meta and you'll realize the scale they have to deal with and creativity for solving these problems.
I agree with you. I think OP is way off the mark here. I actually think Lex is super thoughtful and humble. Always giving praise to people and never bringing much of his academia efforts.
How does he misrepresent his role at MIT to sound more accomplished? I have watched a ton of his episodes and he hardly mentions anything about himself. He's fairly humble overall, especially compared to other podcasters in this space.
Playing devils advocate here. It could just be that they already have the stack trace in logs somewhere, so how does this help you any faster? Bulk of the time to resolution will be figuring out what to do anyways.
This is exactly why they prefer to stay private. Stock volatility would be wild. They will have access to liquidity and funding for a while as long as they are growing a good rate, which they seem to be.
I agree, but you are still betting on a lottery ticket here. Likely, a lot of companies might not recover and just slowly grow (Netflix?) and not make too much movement.
Facebook and Coinbase are unique cases. Coinbase was fueled by cheap money and crypto craze. Facebook is ceding way to TikTok and due to huge investments in VR tech. Companies with profits should tighten the hatches and come out fine after 12-18 months.
Isn't this the case for most interviews? You could simply Google in almost all scenarios. Also, you can fail a single interview and still pass assuming all other interviews go well.