mrgordon

The stock options were written to expire after ten years and the ten year expiration date was coming up. Airbnb wanted to IPO to ensure these early employees got properly rewarded for their huge contributions. I’m not sure exactly why they couldn’t just grant replacement options but I believe this would cause issues with the cost basis / additional tax and they probably can’t issue equivalent options to some of those people who no longer work for them due to IRS regulations

I believe in 2011 the strike price (accounting for both stock splits) would have been around $0.75-0.80 after they raised funds around May 2011. Assuming they are worth at least $30 billion, the shares would be around $50 for around a 6150% total return assuming $0.80 initially.

If someone got shares in 2009 they likely had a substantially higher return.

I don't think they expired quite yet but they let some very early employees sell as part of the IPO which may address those people

Total conjecture and even if its true, who cares?

Most likely the first or second week of December

They don't need the cash necessarily but the early employee options were expiring so they needed to go public

Yep some philosophers described it as “freedom to” and “freedom from”. Without freedom from others doing some things that effect you, you might be dead or otherwise severely restricted

That’s not clear. They likely spent about the same total cost on components with $100 more for worthwhile components instead of the Intel tax

We will see when we get a full teardown

Sure I’m not saying it’s perfect. But I also don’t think it was harder for them to deliver if I order $30 in food versus $50 in food usually. Hence why I would try to pay them a fair amount based on their time, rather than rewarding the person delivering more food with more money even if they went significantly less distance and it was quicker

Clearly it would be better if they were compensated fairly and I didn’t have to try to even it out with tips

Thanks to both of you

Personally I feel like it should be based on the time to fulfill the order primarily if you have a good idea how long it took. For example, I used to order from a place that did bike delivery from less than five minutes away and I feel like obviously that was much more convenient than someone who has to drive 30 minutes to reach me and then go back to the restaurant.

Yes similarly I’ve started to notice that other users never notice I’ve replied to their comments since there are no notifications. A bit sad since sometimes quite a bit of effort is put into the replies.

It was to be expected because they save a lot of money that they were paying to Intel. It was estimated that they could shave something like $100 per computer by switching to an in house chip.

Actually about 30% of America voted for Trump so I wouldn’t rush to give him another 20%+.

Its not about manufacturing costs. The companies continue to own the patents and after some period of time have every plan to start charging for use of it. This means they can get rich for decades off of the taxpayer-funded research. Meanwhile the governments have agreed to take on the risk by buying tens of millions of doses before they vaccines are even approved which means some of them will likely be waste due to either not getting approval or coming after more effective drugs.

Socialized risk and privatized profits. A capitalist's dream.

To go back to your highway analogy, its as if the government contracted for the entire interstate highway system to be built and then let various private companies charge a perpetual toll to use the roads in addition to the money they made for building it.

Its not an accounting trick, its a perpetual royalty on the taxpayer's expense if the drug works (and a profit even if their drug never passes Phase 3 clinical trials).

Are the areas with the cheap houses walkable destinations in their own right or mainly residential communities with a subway stop that can get you to the action?

Chicago was the example that most came to mind as something with cheaper houses and transit, but without knowing it very well my sense from talking to people is that there is a lot of cheap housing in Chicago but living in the urban core isn't necessarily cheap.

It seems like the real solution here is to outsource vacation hour tracking to one of the HR apps for the purpose (see Workday) instead of having the domain expert engineers split the company’s application apart into micro services so they can have a custom vacation tracker.

Can you give some examples of places that meet those criteria (good transit, walkable, major cultural venues, varied dining scene) with $200k houses?

I don’t think there are many places in America with good transit that are walkable so I think it’s going to be tough to find that for $200k. And if the solution is just to move somewhere so small you don’t need transit, then you lose out on the varied restaurants, cultural events, major airport, etc.

The better places for transit like NYC, SF, Chicago, and Denver are all major cities so you won’t find dirt cheap houses near the transit.

The taxes still paid for it twice

The legislation not only needs to pass the Senate and the House, but also various committees and the president must also typically sign it. Each one of these hurdles reduces the chance of successful legislation which tends to favor the status quo. As noted by James Madison in someone else’s post, he thought the Senate should favor landowners over the majority “to secure the permanent interests of the country against innovation”

Arguably this inherently favors conservatism as passing no new legislation will keep things the way they are. Progressives will, in most cases, need to get legislation or referendums through to make meaningful changes to the current system.

Florida seems to have figured this out. This election there is a referendum to require voters to approve all new referendums twice to try to decrease the number of successful referendums.

Yeah Google would never sacrifice user privacy...

Guess what story popped up when I logged in today? https://www.tomsguide.com/news/chrome-google-site-data-speci...

“Chrome won't clear your Google and YouTube data — even if you tell it to

Browser retains site data in defiance of privacy settings”

Every week there is a new scandal with Chrome privacy and usually it’s Google to blame and not a bug. I’m sure they’ll tell us this was another honest mistake that tracked billions of people for ten years but NEXT time they’ll put our privacy first. Meanwhile we all know our data has been the goal since day one and Google Chrome is the Trojan Horse to get the tracking onto our computer

You don't need to replace historic Victorian and Edwardian houses necessarily, although its one option. Instead you can extend zoning in areas like SOMA to allow much larger buildings there where there aren't as many people already living there and most of the structures aren't nice historic houses. This is exactly what they've done. San Francisco has a whole area of very tall residential skyscrapers in various stages of completion as well as the tallest building on the west coast (the Salesforce Tower) as part of a new transit hub.

Many of the schools are great. Sorry if your school district is bad. There are excellent schools in many areas. Cupertino, most of the Peninsula, Berkeley have some really great ones.

My coworkers for a decade took public transit more often than not. You live in the suburbs if you think 5% of the population takes BART or Muni to work. Plus many people walk or bike.

I've walked all over San Francisco so if you don't find it walkable its on you. Grab an electric scooter, a bike share, an electric skateboard, some rollerblades, or one of those uniwheel things and the hills won't be so bad if you can't handle walking them. The Mission has more streets of great walkability with restaurants and small businesses everywhere than almost anywhere in America.

Perhaps the fact that you don't even know about the BART expansion should be the warning sign that you don't really follow Bay Area transit very closely. Ironic that you ask if I have ever actually lived in San Francisco. Yes I have. Trying to act like the government is so incompetent that they can't open a station when they just opened Milpitas and Berryessa/North San Jose stations on June 13 says more about your lack of attention to local issues than it does about their urban planning. They also built 7,000 nearby housing units. Its actual transit-first development as they've been doing in SF for years.

I've met more people in junior roles get rich in the Bay Area from equity than would ever be possible by trying to live in the cheapest possible place with minimal opportunities such that your expenses are a slightly lower percentage of your take-home pay as a new graduate. If you did an entry level job at Twilio you're probably a millionaire now. People get promoted significantly faster in the Bay Area due to the number of fast growing companies and the pay, which started out higher, grows that much more every year due to promotions, larger cost of living increases, etc.

So sure make your money and leave. Don't try to improve things you don't like, just complain about them. Go somewhere new and find out all the issues there that you didn't realize including several of the ones I brought up here. Learn what a truly unwalkable place is like.

"make it clear you don’t want to have a discussion on the issues"

You literally chopped off the last three words to try to make it sound like it said something different. Saying that when you pay more taxes it just blanketly disappears is both demonstrably false and clearly an exaggeration to the point of no longer being a discussion on the issues.

I spent over a decade living in California. I'm well aware what its like.

“Extremely high taxes that deliver no value to citizens”

Hah! Yep the money just disappears

Your comments throughout this thread make it clear you don’t want to have a discussion on the issues. So we can agree to disagree.

In summary, the point is software engineers in Florida rarely get equity or decent healthcare either, if they can even find a real software job in FL that isn’t just IT for some company that has nothing to do with computers. Most of the Floridian software engineers I know work for companies based in California or NY / MA where there are networks of successful startups and angel investors who help get new companies off the ground. You criticize San Francisco for deteriorating infrastructure when places like Florida haven’t even managed to build comparable infrastructure. It’s easy to critique BART but until you take Tri-Rail you’ll never realize that it’s like BART is from the future in comparison. The machines to buy tickets routinely don’t work to the point that I had to board without a ticket and just pay a fine when they checked tickets so I didn’t have to wait an hour for the next train.

Meanwhile the state is sinking while they deny climate change. Truly an infrastructure disaster.

It’s one bug. Sure if it’s still open (the article was from January) then that’s not good but Chrome has thousands of open bugs as well and likely some that would give me pause. The fact that Google is the one giving Apple a hard time might indicate a bit of an agenda since it’s their competitor..

Google literally sends your browsing habits from pages visited to mouse movements to their servers where they link it with your other Google info like Gmail, Google Calendar, and Google Maps GPS tracking via your phone. Google products “leak” all the users data back to the mothership as a feature. And Chrome users tend to use a lot of random extensions which means the data usually leaks to a lot of unknown third parties as well (see DataSpii for one example which effected millions of Chrome and Firefox users)

So yes let’s expect higher standards from all browser developers. But realistically Apple likely fixed the bug or has a very good reason why it’s difficult to entirely patch yet. Google has had many extended data leaks as well but they actually build tools to gather your data up in the first place which makes it that much riskier should it get stolen or misused by Google or Google employees.

Employment allows people to afford things. Also when you live in a place with $8/hour minimum wage you quickly realize that nothing is affordable for most of the service industry workers. $320 per week before taxes with no stock options or healthcare and you think the basic affordability is better in Florida than California? What are they going to buy things with?

Florida is great if you made money elsewhere and want to come spend it in a low tax state where people move to retire to the suburbs and die. If you’re actually working then you realize there is no major industry outside of things like tourism which leads to a lot of low paying dead end jobs.

You totally missed the point. It’s not that Miami designed some great alternative to get to Miami Beach and I am mad they didn’t use heavy rail. There is no good way to get around without a personal vehicle. Going from the airport to Miami Beach is the most common trip for visitors and they haven’t even done basic planning for it. It’s completely a local issue.

In fact, even if you want to talk about heavy rail, it’s been a local or at least state issue. The voters of the state passed a referendum for a bullet train nearly two decades ago and then the state government went to great lengths to avoid building it anyway. The Obama Administration even offered federal funds for it since it was the project that could be completed most quickly. But the state refused. And yes California is proceeding with a high speed train despite the anti-train hit pieces from the LA Times.

Sure rent is lower but the incomes are so much lower and the minimum wage is so low that the average worker is worse off.

There has not been a Democratic governor in Florida since the 1990s and we have had a member of the Bush family and one of the biggest Medicare fraudsters in history since so I would say it’s been a relatively red state other than occasionally swinging blue in the presidential race.

Thanks for telling me I shouldn’t diss people who live in Florida. I live in Florida so I don’t really need the advice. After several decades here I am well versed in the many issues here including finding any neighborhood larger than two blocks that is walkable. Or finding a public park since the land was all sold to private developers. That’s not how urban planning works in functioning cities like San Francisco.

Maybe you should take your own advice and not diss people in California since you don’t live there.

Your linked article is some Google researchers reporting some bugs in Safari which were mostly patched a year ago. It seems like they disagreed about whether some were patched initially.

That doesn’t mean Chrome is more secure. They literally install user tracking and tie you to your Google account so they can advertise to you and better sell things. There is nothing secure about a browser built to monetize your data and send it to the cloud for analysis and machine learning. Meanwhile they have their share of bugs as well. What do you think about this one which is more recent?

https://threatpost.com/google-chrome-bug-data-theft/158217/

A vulnerability in Google’s Chromium-based browsers would allow attackers to bypass the Content Security Policy (CSP) on websites, in order to steal data and execute rogue code.

The bug (CVE-2020-6519) is found in Chrome, Opera and Edge, on Windows, Mac and Android – potentially affecting billions of web users

You lost me completely when you said Miami is less broken politically than San Francisco. Have you spent much time in these places? Miami is a mess of planning and corruption with none of the modern industries like tech that create quality employment for the middle class with reasonable wages, quality healthcare, and partial ownership of their employers. After decades you still can’t take a train from the airport to the main destination (Miami Beach). They won’t even admit climate change is happening as the state suffers worsening floods every year. In fact the governor has banned the use of the term “climate change” to help avoid the issue. You must be pretty far to the right if you’re going to argue Miami is working well

It goes back and forth. As of a couple years ago, Safari sandboxed the network process which Chrome did not do. Chrome also sends a significant amount of personal data and usage data to Google and potentially other parties which significantly harms the supposed security. Having an always on data feed of the users actions (to enhance your advertising business) is not good security practice.