So GME dilutes by 20%, stock price immediately goes down by 20%. its not some infinite money hack

For these PE loans, its the new company that takes on the debt, not the buyer. Essentially any broke person can "afford" any trillion dollar company this way

Maybe eBay survives as an international site but even at that point, with $20B in debt this will just follow the regular PE playbook of shutting down after many layoffs and pivots

The entire concept of, "I have $1,000 in the bank, im going to buy a $10,000 company, but the debt will be on the companies name, not mine" needs to pass. Can you imagine if the mortgage was owned by our home, not ourselves. And we could stop paying it without any personal consequences

If you want to buy a $50B company, you should pay $50B (loans are fine, but not putting the new company in debt)

6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals"

Once these candidates actually start work, their success in the team is a complete coinflip

* 38 minutes = 45 minute scheduled - 2 minute intro - 5 minute saved for candidate questions at the end

thats one option. But other companies sometimes choose to keep the scarcity and secrecy for years, even decades, and if they play their cards right it keeps working

Labubus fall is more about its makers decision to increase sales numbers instead of keeping them flat and generating more and more and more hype

Hermes can sell a $15,000 Birkin to everyone, im sure they can figure out the supply chain aspects if they really wanted to. and within a month everyone that wanted one would have one and sales would drop. Hermes will have a spike in sales, followed by a drop

Instead they force you to play years long games with their sales staff to get an opportunity to spend $15,000. And decades later people still opt in to spending thousands of dollars on plates and scarves hoping one day they will be offered one

This is just as true about a $40 Supreme, or Aime Leon Dore T-shirt, than it is for a $15,000 handbag. If you keep the scarcity going just right, it lasts much longer

When sales are still growing YoY (like the post covid market), but prices are up 30% or 40%, you understand your customer is still willing to pay the higher price

Its similar to a McDonalds or Starbucks situation where you just keep increasing prices dramatically until you get a first quarter of lower than expected sales, then you start adapting downwards

Most corporations still haven't hit that limit, see streaming companies increasing prices every few months, they still haven't hit the point where profits decrease YoY. When they do the streaming prices start decreasing

This is the easiest money and best relationship JPM could imagine

In a way this is probably the future state - 1000 different clients for 1000 different people, each fully customized to their taste

I haven't used it since it became paid, but back then Junie was slow and thoughtful, while Cursor was constantly re-writing files that worked fine, and Claude was somewhere in the middle

On the other side of this, Firebase probably doesn't have money at stake making the update

One of the many definitions I have for AGI is being able to create the proofs for the 2030, 2050, 2100, etc Nobel Prizes, today

A sillier one I like is that AGI would output a correct proof that P ≠ NP on day 1

Not directly from OpenAI - but people in the industry is advertising how these advanced models can replace employees, yet they keep on going on hiring tears (including OpenAI). Lets see the first company to stand behind their models, and replace 50% of their existing headcount with agents. That to me would be a sign these things are going to replace peoples jobs. Until I see that, if OpenAI can't figure out how to replace humans with models, then no one will

I mean could you imagine if todays announcement was - the chatgpt.com webdev team has been laid off, and all new features and fixes will be complete by Codex CLI + o4-mini. That means they believe in the product theyre advertising. Until they do something like that, theyll keep on trusting those human engineers and try selling other people on the dream

Now we're up to o4, AGI is still not even in near site (depending on your definition, I know). And OpenAI is up to about 5000 employees. I'd think even before AGI a new model would be able to cover for at least 4500 of those employees being fired, is that not the case?

The only downside - which might be fixed in the newest release - is that it completely forgets context between messages - even in the same message window. But that feels like both cost cutting and easy to fix

My biggest issues with Claude Code and Cursor for what its worth:

Claude Code: Price, plus when it doesnt get things right, within a few messages it ALWAYS just creates a new file entry point with some demo console.logs that do nothing but show messages, and claims to have succeeded in what I asked

Cursor: Will break some functionality in my web application while fixing or creating others, about 80% of the time

There are multiple public price lists for 0days, Crowdfense currently has iOS full Zero Click Full Chain listed as $5m-$7m

And thats a long way to say - thats correct, its insecure. For the price of $7m any adverse of the US (or friendly country, who cares) can read all these government messages (who knows how many more Signal groups exist without the Atlantic editor)

That would be the cheapest way to get US confidential information in the history of spy agencies. The NSA budget is $10B per year

The assumption of anyone should be - everything in my iPhone and Android phone can be read for $7m. The conversations im having in front of my iPhone can be recorded for $7m. Then the only question left is - is the information worth more than that

If the answer is yes, assume your phone is compromised and only talk near it / message using it, information you understand will become public