389401a | 14 years ago | on: FB stock priced at $38/share on Thursday, raises $18.4 billion
But these insiders most certainly do have FU-level wealth, and they are selling, pre-IPO.
389401a's comments
389401a | 14 years ago | on: TED and inequality: The real story
It's kind of funny to hear wealthy individuals complaining about not taxing their class proportionally. As if they are saying "This is wrong. But unless the government tells us we have to pay, we're still not going to pay."
Why don't these individuals, e.g. Buffett, this TED speaker, and others, just lead by example. Overpay their taxes to amount to whatever they think is fair.
Why do they have to wait for the government to tell them they must pay?
Or they say they will pay more only if other wealthy individuals do the same.
Either they believe in paying a bigger share or they don't.
This "I'm not going to do it unless he does too" attitude is child-like behaviour.
389401a | 14 years ago | on: Facebook: From university dorm room to global $100bn company
Ha. I thought this was going to be another Facebook love fest. It's just a timeline. The media is wising up.
In a few years, I predict version 2 of this story. The rise and fall of a fad: Facebook 2004 - 2015
How to get billions of people to sign up to your photo-sharing website and create a "corporation"?
It's not going to be as easy after Facebook's decline.
389401a | 14 years ago | on: FB stock priced at $38/share on Thursday, raises $18.4 billion
Insiders are selling.
Insider trades are always based on stronger information than you have and they are never random. There is always a purpose when they are selling. Why are insiders selling pre-IPO?
There's a Marketwatch article in the queue.
389401a | 14 years ago | on: All the oxygen trapped in a bubble
This sounds like DHH is predicting an imminent drop in his income. Call it a bubble. Call it inflation. Call it whatever you like. But he's probably right.
389401a | 14 years ago | on: It Takes 6 Days to Change 1 Line of Code
This is how individuals working with open source software beat a large corporation where by all accounts they should not stand a chance. Bureaucracy is the Achilles Heel.
389401a | 14 years ago | on: Preventing Site Scraping
There's nothing worse than spending lots of hard work scraping sites to build your search engine and then having bad guys perpetrate the scraping of your search engine.
Maybe it's some sort of karma. If you scrape, then you will get scraped.
389401a | 14 years ago | on: TED and inequality: The real story
That's not what Webster's dictionary says. A capitalist is someone who has capital for investment. Would you agree with that definition? It certainly does not imply that a salaried worker is not a capitalist. Every person with a 401k is a capitalist by this definition.
It's true you don't have to be a socialist if you are not a capitalist. But in terms of `ist's, what else would an American likely be? A communist?
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