Genuinely disagree with you guys here. While this isn’t prestige content, they shouldn’t be warring with HBO trying to make the next succession. Not a lot of people watch that show! Way more people watch stuff like Red Notice!
People here like quality prestige TV way more than the average Netflix user.
you are missing out on Big Mouth on netflix. but that’s neither here nor there.
from what i understand, netflix tech stack is actually super expensive because of choices they made early on. a lot of their systems are running fine, but some are so big, they can’t seem to anywhere except aws. they have almost always been aws biggest customer, probably getting ~30% discount, but the other side of the coin, they never had to build with hardware limits in mind.
that’s not too different from other content providers fwiw, HBO, Hulu, Disney+, almost all infrastructure is bleeding money per stream. and (surprise!) that’s where high adoption rates busts you, while a smaller player focuses less on customer acquisition and more on developing content.
Here is how an algorithmic stablecoin works. You invent two tokens, call them Dollarcoin and Sharecoin. You list them on the crypto exchanges. Sharecoin trades for whatever price is determined by supply and demand. It might be $0.01 per Sharecoin, or $1, or $100, who knows. But Dollarcoin is supposed to trade at $1. If it trades at $0.99, you have some automatic process in which you print more Sharecoins and use them to buy Dollarcoins until it is back to $1. If it trades at $1.01, you have some automatic process in which you print some more Dollarcoins and use them to buy Sharecoins until it is back to $1. The result is that Dollarcoin is firmly pegged to the dollar. The process is sometimes compared to algorithmic central banking, where the central bank maintains the value of the currency (Dollarcoin) by adjusting its supply.
On first principles this is insane. It relies on Sharecoin always being worth something . If Sharecoin trades at $0.01, you can print 10 million of them and buy 100,000 Dollarcoins and push the price up. But if Sharecoin trades at $0.00, you can print infinity quadrillion of them and you’re still not gonna be able to push up the price of Dollarcoin. If Sharecoin is worthless, it cannot be used to support the price of Dollarcoin. And because you just made it up , there is no particular reason for Sharecoin to be worth anything, so there is no particular reason for Dollarcoin to be worth a dollar. If I made up Sharecoin and Dollarcoin on my computer and said to you “I will give you the number 10 billion in this Excel spreadsheet if you give me 1 million U.S. dollars,” you would say no, and if I raised my offer to 400 quadrillion you would not change your mind.
In a sane world, rich corporate types would wake up and see the threat that a Republican autocracy would pose to their cushy lifestyle, butnahhhhhhhhhhhhhhhhhhhh, they’ll just keep donating until the GOP seizes the means of production so as to prevent socialism.
They all think they can stay on the good side of the insanity. It’s astounding, there is a very real chance that Dems, instead of moving left, eventually take all the disillusioned oligarch money and run on restoring capitalism
Right, but considering they had a head start vs. most other services some of this is just inertia. Their trend has been exponential growth in subscribers since they started in the early 2000s, but the recent trend is that they have more competition.
That and most of the country club set also have some degree of the brain worms, which keep them focused on CRT and trans bathrooms while the nutters burn everything down.
You almost have to give Trump credit for thinking appropriately big. Like, how fucking pathetic is it for these Mike Pence and Ted Cruz types to completely debase themselves for like single digit millions, which is an off year for a New York councilman or state legislator? One thing he gets right is coming for a real piece of the pie.
I feel ya. It’s the kind of short that could have been a sweat because it was hard to say how long it would take for reality to matter, and the price could have easily ballooned in the meantime for no good reason.
But I felt pretty strongly Tesla was a disaster at $200…
I learned my lesson with TSLA: read the room and consider the timing before shorting anything. I don’t hope to perfectly time peaks, but my timing with the TSLA short was objectively bad because there were plenty of clues the bull run would continue.
Speaking of TSLA, I expect the Q1 earnings report to be bad. I feel like Elon already hinted it would be when he made those remarks about supply chain and Tesla shifting its focus to the humanoid robots (lol)
You guys wanna know perhaps the most stable ticker in the market?
$LMAO. Through war, through fed announcements, through market dips and surges, this stonk just doesn’t move. Or if it does, it goes up a penny! Check out the YTD chart and the Max chart: Symbol Lookup from Yahoo Finance
Idk much about it except that it hasn’t yet found a company to take public via SPAC. I didn’t realize August was a deadline for that to happen? And I take it shareholders are fuk if liquidation occurs?
(I wasn’t suggesting it as an investment btw, just pointing out how this meme-looking ticker makes VTI look crazy volatile by comparison.)