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Sordid, to upliftingnews in It's one of the biggest experiments in fighting global poverty. Now the results are in
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Truly a cutting-edge idea.

Sordid, to asklemmy in What is the name of your cleaning robot?
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"Well of course I know him. He's me."

Sordid, to mildlyinteresting in The Ark of Bukhara is a spectacular-looking fortress located in Uzbekistan, built 1,500 years ago
@Sordid@kbin.social avatar

They did. This is only the oldest, innermost fortification in the city. AFAIK additional layers of walls were build around it later.

Sordid, to mildlyinteresting in The Ark of Bukhara is a spectacular-looking fortress located in Uzbekistan, built 1,500 years ago
@Sordid@kbin.social avatar
Sordid, to mildlyinteresting in The Ark of Bukhara is a spectacular-looking fortress located in Uzbekistan, built 1,500 years ago
@Sordid@kbin.social avatar

It's _/‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾_ shaped. It's not freestanding walls, the whole thing is an earthen mound with a flat top and its sides lined with bricks.

Sordid, to mildlyinteresting in The Ark of Bukhara is a spectacular-looking fortress located in Uzbekistan, built 1,500 years ago
@Sordid@kbin.social avatar

In defensive terms, no, not really. They had to build it like this because these aren't really walls per se, it's just brick lining on the outside of an earthen mound, and mounds are, well, mound-shaped. https://gomadnomad.com/wp-content/uploads/2013/02/Bukharas-Ark-Palace.jpg

Sordid, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@Sordid@kbin.social avatar

Reddit has been around for 18 years, though. Surely that's more than enough time to start turning a profit if the company is capable of it?

Sordid, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@Sordid@kbin.social avatar

If the company can be made profitable, why isn't it? Why wouldn't the current owner rake in some profits before selling? Surely a company that is already profitable would be even more attractive for buyers.

Sordid, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@Sordid@kbin.social avatar

it's a lot easier to find someone who thinks they can do it than it is to actually successfully do it yourself

That's pretty much what I said, though. That's the core of the scam. You sell something you know to be worthless to someone too ignorant to understand that. Maybe I'm just extremely ignorant and naive in matters of business, but selling a fake company like that seems no different than selling pyrite to someone who can't tell it apart from gold.

Sordid, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@Sordid@kbin.social avatar

I get that, but who would want to buy a company that's never been profitable? It smacks of a scam. "Hey, bro! Buy my company! It never managed to make any money for me, but it'll be highly profitable for you!" Sounds like the company founder is looking to pull a fast one and laugh all the way to the bank while their investor is left holding the bag.

The only way I can see this working is if the idea is to build a large user base by offering a good user experience, i.e. not monetizing the platform very much, just enough so that it barely pays for its own operating costs. Then you sell that user base to someone else for the express purpose of shoving tons of ads down everyone's throat. In that case it's still a fast one, only in this scenario the users are the victims. But even then I'm skeptical. If that's the plan, why sell the company instead of enshittifying your platform yourself?

Sordid, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@Sordid@kbin.social avatar

Right? How the hell is a company that has never managed to turn a profit worth more than $0?

Sordid, (edited ) to asklemmy in Deleted
@Sordid@kbin.social avatar

Both! Critically, the contents of box B depend on the machine's prediction, not on whether it was correct or not (i.e. not on your subsequent choice). So it's effectively a 50/50 coin toss and irrelevant to the decision-making process. Let's break down the possibilities:

Machine predicts I take B only, box B contains $1B:

  • I take B only - I get $1B.
  • I take both - I get $1.001B

Machine predicts I take both, box B is empty:

  • I take B only - I get nothing.
  • I take both - I get $1M.

Regardless of what the machine predicts, taking both boxes produces a better result than taking only B. The question can be restated as "Do you take $1M plus a chance to win $1B or would you prefer $0 plus the same chance to win $1B?", in which case the answer becomes intuitively obvious.

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