I think they’re going to give him newly-issued stock, not cash. However, the newly issued stock will not be backed by new capital (i.e. nobody would have given the company money in exchange for the stock), so what will happen is that existing shares will have their values diluted, i.e. they will be worth less.

In other words, shareholders will pay for Elon’s compensation by devaluing their investments, and not by drawing money out of Tesla’s coffers.

$56B is roughly 10% of Tesla’s market cap of $581B, so shares should be devalued by about that same rate.

Good.

But how did you get there?

I think job-hopping helps people who still need to climb the ladder until they land some “senior” position into which they can settle in, safe in the knowledge that they can always find another job elsewhere with their experience.

You don’t need to get rid of private property to undo a lot of the damage done by landlords. You can build subsidized housing to compete. You can write tax codes to make it unprofitable for people to own more than one house. You can tax land by area instead of by built value to encourage building high-density housing.

There are a lot of levers that other countries have been willing to pull that partially counteract the damage of landlording, but the US has been reluctant to touch.

Is the answer no? It’s no, isn’t it?

Yep, Axios straight-up printed an ad as news.

I thought this was a new Chuck Tingle novel.

Define “complete”.

A 1.0 product is by definition the worst product the company will make of that type. That’s no different from any other product by any other company.

There is no complete product. There are only products you can buy, and those you can’t.

You’re conflating the perfect with the good. The question is not whether Vision Pro is perfect, it’s whether it’s good enough for today. I happen to think that it is for the goals the company has set (well under 1M units sold). But it will of course improve rapidly every year.

This is not new. This is every new product Apple has introduced.

The description is a vast oversimplification of the fall of the Roman Empire, of course.

Like the game Monopoly, unrestrained capitalism will always end up with a few people owning almost all the value while everyone else live in poverty, and it will always end up in systemic collapse because you can’t get infinite value out of finite resources. At some point the game will be over.

But unrestrained capitalism doesn’t exist, even in today’s very unequal world. There are forces that undo the momentum of capitalism, including taxation, regulation, trade barriers, and public goods and services. Some countries do this better than others.

I happen to think that regulated capitalism, balanced by a heavy emphasis of wealth taxation and investment in public goods and services, is better than any other system that relies on non-monetary control of resources. It can be sustainable, but not in its current state.

I heartily disagree. This is a 1.0 product, and though it’s deeply flawed in so many ways, it also nailed interactions that other companies have struggled with. They’re going to iterate and pivot on this platform for the next few years (and sell cheaper models) and they will find the sweet spot. This platform is here to stay.

I think so.

Apps can get woken up when a remote notification arrives that has the content-available key. Apps are woken up in background mode, at which point they have a few seconds to do whatever they need to do to refresh their content cache. This, of course, often leads to the app making a connection to the server, which exposes the user’s IP address.

I think the sin here is that some apps always set the content-available key regardless of whether there is content to be retrieved or not. That turns the notification into a surveillance tool, allowing the app to check in periodically.

“Externalities” are just expenses that corporations incur that have to be paid by the public.

Make externalities losses again.

DDG is ok for most searches, but they have definitely hit a plateau. Programming search results are quite poor, for instance.

I’ve started paying for kagi. Their results are just way better at this point.

Among tech companies, RTO has primarily been about one thing: maintaining real estate investments. This was likely the primary reason Apple began RTO much earlier than most of its peers (Aug 2022). Apple has enormous RE investments in Apple Park, in San Diego, Austin, and a bunch of other locations, and RTO was a way to ensure their values stay up, and they can remain qualified for tax credits by bringing commerce to those areas.

The fact that RTO also causes the most expensive people to leave was a fortuitous bonus. In 2023, interest rates went high, and money (and thus revenue) became tight, so companies like Amazon enacted RTO to force their most expensive employees to leave.

Make no mistake: Apple, too, used RTO as an attrition tool. They fully expected some single-digit percentages of their engineering workforce to quit due to RTO.

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I’ll flip the question around: what are you trying to achieve with zero anonymity, and how could it be abused? Is the tradeoff worth it?

If real identity is required to participate, but is not publicly displayed, who would you entrust with this information, and how could it be abused?

PSA: This “study” is crap.

Link to actual study

They base their findings on incidents per driver, not per mile driven. Maybe the “safest” drivers here just…don’t drive their vehicles all that much?

The open secret of Open Source is that successful projects are largely the playground of capitalists. Who has the time to develop and maintain a whole mobile OS with all of the services people have come to expect, for no compensation? Surely the money flows in from interested parties who can then use the software to their advantage.

Much of the fundamental pieces of iOS and macOS is open source too. Darwin/XNU are open-source, but no one is under the impression that any of this effort is to benefit anyone other than Apple. Sure, Darwin-based alternative OSes exist, but let’s not kid ourselves that they are anything but curiosities, waiting to be derailed by Apple when they get too large.