Is this just an excuse for Zuck to give himself a substantial amount of liquidity without diluting his voting rights or otherwise running afoul of his stapling obligations?
Call me cynical, but the "i hate billionaires" cohort is being a little to trusting of a billionaire here
Replying to @JeremyTColes @IMAO_
Juicing IRR would mean laying off the preposterous 400 FTEs prior to commercial failure.
The fact that theyve sustained the bloat through failure is more an indictment of PE's approach to cutting cost.
Should have cut more. Faster. And intelligently. Before failure
"But wont you feel bad for the 400 FTEs wearing the skinsuit of your previously beloved dev?"
No. Theyre rent seekers making ungodly aggregate sums to destroy beloved IP (slowly). They are the affirmative enemy of the health of these IPs.
And they should own their failures
Replying to @AliceStepTwo @JesterInABarrel
When my wife was in her MBAa few years after this period, Deloitte hosted a case competition and the case happened to be ESports. She asked me for advice for prep work
After the competition they met with deloitte partners judges and one was a "fuckin nerds play video games" bro
Replying to @JesterInABarrel
I mean i fundamentally disagree with that lol
Mobile was not what blizzard needed in 2018. And a lazy reskin of the mobile game Crusasers of Light as Diablo Immortal was the dumbest thing imaginable
They hired some dumbass consultants who told them "mobile is where it is at"
Replying to @JesterInABarrel
"But what if the market we want isnt the market we have?"
(Also all our IP value is based on the market we have)
Replying to @elaifresh
The (high) schools obviously bare some amount of blame here, but really it is an indictment on parenting. Are the parents just totally absent? The total dollar figures are so astronomical at this point surely even a stupid parent says to their kids "this really is a lot of money"
Replying to @colindhernandez
"Oh no its retarded".jpg
Mindlessly shouting "private equity!" works when youre talking to low-intelligence people like DSA members. But you have to actually make arguments when talking to broader audiences
PE wants profitability, just like EAs investors did when it was public
Replying to @aryehazan
milforddailynews.com/story/o…
Low intelligence drivel of a reflexive old man who knows nothing of what he speaks, but precisely how his speech would be received by his peers.
A technocratic authoritarian maximalist who should forever be shunned from polite society
Replying to @neerajadeshp
What is the best example of
"Silicon Valley firms pitch up to raise record sums in foreign bond markets before disappearing like bandits, on to the next currency."
This inherently strikes me as wrong. A catchy turn of phrase. But wrong factually
Replying to @aryehazan
Spooky. His covid takes were so horrific I, despite being a founding subscriber of the FP, unsubscribed with his hiring.
I resubscribed, but he really is a low intelligence dark spot on their payroll whose only redeeming quality is showing they'll staff dissenting voices
Replying to @JesterInABarrel
Entirely predictable.
The video game industry is run by idiots, who miscalcuate IP brand value and ignore the underlying value of (real) talent.
Horrendous capital misallocation, and an incompetent investor base who couldn't find their ass from their dicks.
Replying to @dilanesper
Yeah, in general, people who want to discriminate tend to be quite resistant to efforts trying to stop them from discriminating!
Replying to @maiab @tallsnail
I would assume Airbnb has a better sense of whether growth is contained by supply or by demand than you do.
I was an Airbnb regular from 2015-2021. Now I do everything in my power to find a hotel over an airbnb.
Replying to @ClickingSeason
Vivek raised capital taking advantage of people as a day job, and assumed the leftist narrative that the right was low IQ morons easy to scam.
He underestimated that political preferences are not so squishy, and insulting people is not a success vector
Replying to @jguy2012
Because this is just dumb people saying dumb things. The only saving argument is people who want yearly lows to be 75 degrees, which god-help-them i hope never live by me
Replying to @daniela__127
Progressivism is just belief-in-the-technocratic-state. Evidence be damned.






