No because Amazon generates earnings but reinvests those in its business to make each share worth more.
719 karma · joined March 8, 2022
This interview with SBF suggests crypto does not even try and hide it.
https://www.forbes.com/sites/jackmccullough/2019/12/09/the-p...
If their stock price keeps tanking, layoffs are inevitable. This is sadly true for much of the economy if it goes into recession.
Netflix's market value falling 72% means the market has a negative view of Netflix's foreseeable ability to sustain or grow revenues and profits.
You are right in that it is possible that Netflix has the market fooled and in reality is growing its revenues and profits and cash flows at an even greater rate than expected and it is all just one big misunderstanding.
If that is the case, Netflix can always choose to 'go private', where it no longer sees a need for public market funding and believes that savvy private investors combined with its revenues and cash flows can fund its operations and growth.
But as a public company, its stock price and market value also signify access to capital. The less capital Netflix has access to, the less it can invest in its existing and growth operations, like the 100s of shows it creates every year.
With access to less capital, Netflix will keep on fewer of its 'dream team athlete' workers, even with their all cash and no stock compensation, which is why we are starting to see layoffs.
Netflix's market valuation is extremely relevant. The only reason we are discussing Netflix on this thread is that layoffs there have begun.
Stock down 72% in 6 months.
As for the people who make up the corporations, they turn into sociopaths themselves as their emotion and empathy dissipate the higher they get in the pecking order.
Chinese vaccines do not work, but the dictatorship insists on China made vaccines.
The brutal lockdowns in Shanghai are their expertise and only a shadow of their recent accomplishments in Xinjiang and Hong Kong.
I think we are reading 'wait time' differently.
Neither I nor these articles are saying that the average wait time is 150 years.
There is still some lucky Indian out there who applied for his green card in say 2013 who is going to get it soon.
The 150-year wait time applies to the poor Indian soul who applied for one in say 2020, after graduating even let's say top of his class with an MS from MIT in 2019 and is now working on an H1B on cutting-edge AI systems at Tesla.
This latter sucker will never receive a green card in his lifetime because he will die long before he ever gets to the front of the 'Indian line'. As you correctly point out, the '150-year wait time' to him is meaningless and rhetorical and really just means it is not possible.
And the wait time for the guy graduating in 2024 may be 200 years, and that for the guy graduating in 2027 may be 250 years, and so on. The math just gets more arbitrarily untenable.
It is like if the Google search engine, by decree from CEO Sundar Pichai, decided it will only process 1000 search requests per hour from Australia. Well, that would pretty much make Google search unusable for Australia. Yes, by your reasoning, some Australian search requests will always be processed, but the vast and ever-increasing majority will starve.
And when the Australians complain that Google is being unfair to them, the Googlers and say the Norwegians and the Kiwis will gang up against the Australians and self-righteously scream: "get in line like the rest of us!", not really knowing, or knowing but preferring to ignore, that the Australian line is set up to starve by design.
By the way, to make this slightly more interesting, the 10,000 applications approved per year you refer to apply to all family members of the individual requesting the green card. Which means if there are 1,000,000 professionals in the queue, and each professional in the queue has 3 other members in their household, say a spouse and 2 kids, then only 2,500 professionals may be processed for that year, and not the banner headline of 10,000, making the unprocessed queue even longer and longer and longer every year.
And if that is not enough, the agency in charge of processing these applications claims it is 'understaffed', and so if it has 10,000 applications it is approved to process in a given year, it will only process 5,000 applications and precious approvals for the other 5,000 applications will be 'wasted' and 'lost forever' because there is no legal provision to recover them.
Note that advocacy groups have been pushing for legislation to fix this since at least 2011. But there are many powerful interests who benefit greatly from a large group of servile tech workers. And those interests have access to politicians who can hold up such inconvenient legislation indefinitely in exchange for easier and generous fundraising, making for a very profitable quid pro quo.
To the people stuck in this queue, watching this system play out raises feelings similar to that of the little kid on the playground where two larger bullies have grabbed a ball he wanted to play with and are now tossing it to each other just to taunt that little kid. And that kid has pretty much no recourse.
The wait time is patently ridiculous, not the claim. There is no hyperbole here. The reality is stranger than fiction. The wait time for a green card has been described as lifetime [1], 50 years [2], 150 years [3][4], and 195 years [5].
I agree that people don't live 150 years. But that is how long they need to 'wait' for a green card as per the current system.
Is your argument that the law does not explicitly state that "Indians must wait 150 years for a green card" and therefore the 150 year expected wait time is not true?
The wording of the law does not matter as much as its effect. The law can be weasel worded to seem like it is intended to save baby seals while in practice resulting in a sinister outcome.
[1] https://tulanehullabaloo.com/57051/intersections/opinion-lif...
[2] https://www.washingtonpost.com/immigration/the-employment-gr...
[3] https://www.newsweek.com/under-trump-indian-immigrants-wait-...
[4] https://timesofindia.indiatimes.com/nri/us-canada-news/wait-...
[5] https://www.forbes.com/sites/stuartanderson/2021/03/01/immig...
Indians must wait for 150 years before getting a green card [2].
[1] https://indiancitizenshiponline.nic.in/Home2.aspx?formcode=0...
[2] https://www.cato.org/blog/150-year-wait-indian-immigrants-ad...
This comment is offensive.
I would not be surprised if his next move is to publicly extol the virtues of Free Speech and the First Amendment.
Note that we are told that Trump is racist and his opponents are not, but a lot of lawmakers with an axe to grind against Indians with 150-year immigration wait times [2] are prominent democrats.
[1] https://www.congress.gov/bill/112th-congress/house-bill/3012
[2] https://www.cato.org/blog/150-year-wait-indian-immigrants-ad...
With 2 kids = 640k cash.
And that is only tuition!
And what is the definition of net worth? If you own an ordinary single family home in an ordinary city, it may be worth $1 million which makes you a millionaire.
Will you sell your home to pay tuition for 2 kids?
* been around longer and more subject to ageism
* more system design questions