wkasel's comments

wkasel | 11 years ago | on: How my Chase Account was Hacked and Money was sent in minutes

This is all very interesting. Chase is planning on covering the money to my knowledge, however, I'm more curious how it happened.

wkasel | 13 years ago | on: [SNAPCHAT] Ideas Are Sh*t. Execution Is King. Stop Whining And Do Something

It's a general statement. I'm not interested in the fine details of the lawsuit. The point is that the ones who launched win. Period.

wkasel | 13 years ago | on: Gmail.com was down

Chrome is crashing over here too.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

I back everything up with facts amigo. They shorted it $2.4B.

http://blogs.reuters.com/felix-salmon/2012/05/21/morgan-stan...

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Let's not use the word stupid. I live and work in this ecosystem. If you saw what I saw you would agree.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Spot on.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Well said. You're exactly right. I didn't cover it, but the larger concern I have here is that this misguided approach could lead to distrust from wall street of any tech IPO's that aren't enterprise, or low/mid cap.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

The root of my argument though is that as Silicon Valley know-it-alls we assumed the world would gawk in awe of our amazing creation and throw money at us, which it did not. It's a shame you can't buy put's on that, because THAT would have been worth it. :)

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Yes, typically you have a negotiated rate, such as 5%, 10%, whatever. You're right I saw the s-1, but even then they still lost a lot, and the employees got screwed.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Fair, but the only problem I see with your reasoning is stock grants were being issued as far back as 18 months ago at $25/share, which means that those employees DID lose money.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Interesting assessment. I live in Silicon Valley, I don't own a share of FB, I do trade frequently. Like you, I made an assessment. My frusteration comes mostly from reading on tech blogs what Facebook "needs to do". Techcrunch acts like they are Bloomberg or something, which goes exactly with my broad brush stroked point as you said.

It's actually the valuation I care about vs. the stock price, but people tend to understand that better, so I use that as a unit instead of valuation.

The bottom line is yes, I write pointed, and passionately, I'm not personally at a loss for FB, I'm just tired of hearing "expert opinions" even on Bloomberg.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

With all due respect, I completely disagree. If you understand the fundamentals of an IPO, as I explained below you would know that there is a 180 day lock-up period for employees, this means that employees haven't been able to sell their stock yet. When they do sell their stock it will be at $10/$15/share. The only folks who made money on the IPO were Merrill Lynch who SHORTED IT!

You're typically supposed to IPO at the point you are preparing to grow. Not flatline. Your original argument is exactly what I'm saying is the misguided philosophy of Silicon Valley, and the Tech Community as a whole. Again, no offense, but step back and look at what I just said. I have a point. This IPO fucked everyone, including Zuckerberg, employees, and anyone else who still holds shares which as I said above is every single employee.

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Logical explanation, however the point of an IPO is not just liquidity in for your employees, but also to raise money for the company, and allow the public to buy in. If you don't price it so the price goes up, then you're doing everyone, even your shareholders a dis-service because they have a 180 day lockup period, so when the stock is at $15/share at the end of lockup, you actually screwed employees as well. The only person who actually made money on this was Merrill Lynch.

wkasel | 13 years ago | on: Pilot Rapid Prototyping with JavaScript and NodeJS Class

Nice!

wkasel | 13 years ago | on: The market doesn't care about your overpriced valuation (Failbook)

Thanks Azat!

wkasel | 14 years ago | on: Tell HN: I built a push service for HTTP APIs and want beta testers

Got it. Cool to know. Thanks for that. What are your plans with the platform?

wkasel | 14 years ago | on: Tell HN: I built a push service for HTTP APIs and want beta testers

Don't hate me for asking, I hate when people say this, but can you clearly explain to me this vs. Pusher? I use Pusher, so I'd like to know.

wkasel | 14 years ago | on: The last third-party Javascript snippet you'll ever need

Seems great. So you're suggesting you will keep a library of all the major libraries, and load them async for the user? How do you handle dependencies, such as jquery, and jquery plugins?

wkasel | 15 years ago | on: There’s no ‘organic’ on the App Store

Its 20-30k for paid apps. But often, if the app sucks - it won't stay on top very long.

wkasel | 15 years ago | on: JavaScript Garden

Very useful.