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Ask HN: f & t logos are everywhere, but for how long?The ubiquitous Facebook & Twitter 'app icon' logos. Every website, every TV commercial, every magazine, every poster, even on radio... 'Like us, follow us!'
Companies are spending millions of dollars promoting a website because it's 'in', cool, trendy. How long can it last? Most of them just have the f & t logo with no explanation as to why they are there. Just f & t. What does that do to benefit them?
You can't click a TV, magazine, poster or radio. How many of you actually watch a commercial or read a magazine, see the f & t logo and think to yourself 'I'm gonna go Like or Follow a laundry detergent company.'
Obviously f & t are proven and effective ways to connect with consumers, but how effective is it for companies to promote them on their own ads without any incentive?
Seems that the 'hype' is dying down for f & t and that it's become common place. I wonder how long it will take for people to become numb and uninterested in them and move on to the next latest and greatest thing.
I'm interested in learning what other hackers think about this. Please add on. Thanks..
,Ask HN: Can I build an ElectronJS app on top of WhatsApp?I'm looking to build an ElectronJS app with following features on top of Web.Whatsapp.com :
1. Password lock feature on web whatsapp.
2. Auto-replies to incoming messages, when busy.
3. Festival Greeting messages to upcoming events.
4. Hide any notifications on Web.Whatsapp when busy.
It'll be an ElectronJS based wrapper service around web whatsapp.
But, my query is:
2 of my old clients have requested us to develop something like this. So it's a commercial/paid sale of service on top of whatsapp web.
We'll NOT use WhatsApp name or logo anywhere in ElectronJS app. And put a clear disclaimer of not being associated with Whatsapp or Facebook in any way.
Will it violet T&C of whatsapp/facebook? Will it be illegal in any way in USA or other countries? To build something on top of Whatsapp web.
Please advise in legal terms..
,Ask HN: How to manage multiple Facebook accounts?I'm developing an app with Facebook integration and I have multiple FB accounts for testing. I'd love to be able to manage all my FB accounts without having to login/logout of my accounts in the browser.
My ideal solution would be something like www.sparrowmailapp.com or the Mac Twitter app, but for Facebook accounts. I've looked around but all I've found are a crap load of apps like Facebook Pro (http://itunes.apple.com/us/app/facebox-pro-for-facebook/id420422934?mt=12), but that's not what I'm looking for.
How do you manage multiple FB accounts? What are my options? Is what I am looking for out there?
Cheers.
,Ask HN: Brand and company are being hurt by Facebook scammers. What can we do?A s(c|p)ammer is attempting to defraud our thousands of our users via Facebook. The attacker creates duplicate company pages and then shares public photos from people who like our page or friends of people who like our page.
Thousands of these pages have existed for days and are continuing to be created on a daily basis. Because the attack pages include photos of the users, they get a notification and many (quite reasonably!) become unsettled. Some cannot tell that it is not actually the real company.
Example page (this is my company's name and logo, but not us): https://spee.ch/@thumbnails/25be5a1dfd08bf7c.png
We tell our users to report the pages, but because each page is only reported by the user and us, many remain up.
We attempted to get a verified page by Facebook in the hopes this would grant additional protection (no idea if this is true), but were denied and told we can only re-apply in one month.
Is there anything else we can do to mitigate this?.
,Ask HN: I'm 17. Should I drop school for YC S12?I'm extremely interesting in applying to Y Combinator for this summer. The only problem is that I'm still in Cegep (a two-year college for Quebec students before they go to university - I'm 17) and so if ever I get chosen, I still have one more year remaining to complete my program (International Baccalaureate in Pure & Applied Science).
I don't think I would drop it, because I ultimately intend to go in computer science at Stanford. Therefore, I would have to leave the Bay Area at the end of August in order to move back in Quebec and stay there during the year and come back in the summer when I'm finish my program.
I would still have time to work on my startup during the year, but at a much lower pace (2-3 hours each night and 8-12 hours on weekends). The other guy on my team (he's 17 too) is in a much less intensive program then me and he could continue working almost full-time on the startup.
Yet, if you guys tell me that I would absolutely need to continue working full-time on my startup, I will consider dropping school more seriously. It would be hard for me, but if it's really necessary I could do it. The thing is, the program I'm currently in, International Baccalaureate, is a program that I must complete in two years. The special thing about this program is that we are the same group for every class (we started 40 now we're 28). If I drop/fail a course, I'm out. And I then need to go in regular science. If ever I were to be selected for YC, the choice would be quite hard as I said, because I really enjoy my program, I'm fond of the other students and I appreciate the teachers a lot. And I also fear that I won't go back to school if I enter the startup world.
At least, I'd like to finish my program and then maybe take a break from school to focus on my startup. My program requires a lot of effort, it's considerably more challenging than regular science, and I just don't see myself dropping it when I'll be halfway through it, but still there's a lot of chance I would - it's 50/50. I'm constantly debating in my head whether I should drop or stay, but I guess I'll wait to see if I'm selected for YC to make a final decision. Ultimately, I feel I would drop my program, because YC is such an amazing opportunity and also because I have a very good co-founder who is a long-time friend of mine. He would definitely succeed in convincing me :P
Moreover, I'm the only one writing code. My co-founder (who's currently studying in Business Management) will be working on the marketing (posting on the blog, making videos showcasing the app, posters in schools and other places, talking with other companies so that they use our app, etc.) I also have a graphic designer that will not be directly involve in the startup but that will do my logo and help me design icons, textures, etc.
Without even knowing anything about my idea (I can tell you though that even if I'm the only technical founder, it's not an overwhelmingly complex app and I am confident that I could manage the coding alone. All features would get implemented during the summer. During the year, I would only make little changes to the user interface and update the content of the app, but I probably wont implement radically new features, that is if I choose to stay in school. The goal during the year would be to get as much users as possible and thats exactly what my co-founder would be working on full-time. Complex new features would get implemented in the following summer.), because really I don't want to be chosen for my idea but rather for my team (I've got this interesting idea that I want to work on, and I like it because I would actually use the app, and actually, Ive got a bunch of startup ideas (Im the kind of guy that always has tons of ambitious projects going on and new ideas in mind: I want to code apps, make feature films and crazy edits, learn new monologues by heart, run marathons, travel around the world and learn new things!), but this particular one is not too complex to implement, yet if it turns out that I choose to do a completely different project, then so be it! Anyway, I dont think the idea I apply with matters that much (but it ought to be good obviously), because anybody could apply to YC with a similar idea and develop a similar app. But would they really be as much passionate as us about the app and as much caring about the users, would they achieve to convince companies of using it, would they convince people of using it? I know we would. My point is that Im expecting to be chosen a lot more because of my team than because of my idea. (If you're interested to know what my app is though, email me (frabrunelle@gmail.com) or skype with me (francisbrunelle)). I want to build useful products and it thrills me that with the internet millions of people could be using them! But what thrills me even more is that if ever I do YC, I would be hanging around with dozens of other developers that are in the same situation as me. I want to discuss and debate about ideas with those developers. It would be an insanely great and enjoyable experience. And thats exactly why I want to do YC: for the experience.), do you think I have any chance of getting selected? Or should I wait for next summer, when I will have finish my program? The thing though is that I will still continue to go to school (Stanford, MIT, McGill or somewhere), so again I will have the same problem as the one I have right now.
I truly enjoy school but the real reason I want to go in c.s. at Stanford is to meet other c.s. students and start a startup with them. I'm also interested in studying in theatre, so I'm really not dropping school soon. But I don't want to wait after university to finally apply for YC, I feel ready now. The reason I want to go through YC is to meet interesting people, discuss ideas and because I'm sure it would be a tremendous experience. If I don't get chosen, I will still develop my app over the summer, but I just think YC is an outstanding opportunity and that I ought to at least submit an application. I will continue submitting applications every summer until I'm chosen.
P.S. As a developer, I'm not that skilled, but I always manage to figure things out by myself and find a way to do what I want. If I'm stuck, I don't easily give up. Nevertheless, I'm more of an idea guy. I'm currently following tutorials from http://www.raywenderlich.com/store since December in order to get more familiar with the iOS 5 SDK. When I'll finish them, I'll look at the Parse SDK (http://parse.com) and then at the Facebook iOS SDK (https://developers.facebook.com/). I will then code an app similar to FML but it will be called 'You know you're in IB when...', IB being the program I'm currently in. I will integrate the Parse SDK and the Facebook iOS SDK in this app. It's a simple app that I want to do for testing purposes and also because I know that my other classmates would actually use it and that fact motivates me a lot. I will then start working on the real app that I want to do for my startup. My goal is to have a working app with bare minimum features for the end of May so that I have something to show if ever I move to the Bay Area. I'm working toward this goal 2-3 hours everyday and 8-12 hours on weekends..
,Ask HN: Why so many big companies become greedy when they grow?What happens to "I started company to solve interesting problem" or "I want make world better place"? Why so much greed to bend rule and create monopoly. Look at Google , Look at Facebook - wanted to solve interesting problem. I assume founders were people like us - normal family- what happened to them? Why so much "money-money more money" at any cost mindset and society at large suffer. Why not moderate way of doing business without sucking common people dry? I am puzzled and sad. Let me know your thought. thanks..
,What sweet stuff could foursquare choose to do with its funding??With foursquare closing its round of funding, I was wondering what the HN community thought that foursquare could do to innovate and cross the chasm into a more widespread adoption (especially with Facebook looming). All us early adopters love it, but are there any cool ideas they could play on? LooptStar is doing some interesting things with getting into the loyalty rewards before foursquare? What if they applied some Groupon like tactics into foursquare?.
,Launch HN: Nimbus (YC W22) – Cloud dev environments for teamsHey HN! We’re Nish, Liusha and Neil, the founders of Nimbus (https://www.usenimbus.com). We’re building an easy way to code and manage environments on cloud VMs that are configured for projects you’re working on. There’s a video demo here: https://www.youtube.com/watch?v=0g6Jk5zyQG4.
Initially, we were working on simplifying dev environments for coding school students. But when we found ourselves using what we were making and finding it useful for our own work, we pivoted to dev teams like us.
Big tech companies like Facebook, LinkedIn, Shopify, Slack, Dropbox, etc. all have in-house cloud environment solutions. This lets engineers spend more time on software design and writing production code and less time waiting, testing or troubleshooting. With Nimbus, we’re bringing the same convenience to everybody else.
The three biggest pains Nimbus alleviates are compatibility issues, scaling challenges and not having a powerful enough dev machine.
Compatibility issues touch hardware, software, and users. The leading cause is poorly supported tooling on M1 and M2 architecture or a varied fleet of Mac, Linux and Windows devices of various specs. This is made more complex by tool/package updates that break support for that fleet and the impossible task of writing and maintaining perfect documentation.
Scaling challenges build on the compatibility issues. Engineers can spend days to get access and setup environments for every project they touch. Containers help but it’s only part of the solution and tools like Docker can be so resource intensive that slow devices to a crawl. And then, once everything is set up, important data and code sits on the laptop - which is a hugely vulnerable endpoint (probably second to smartphones).
Nimbus lets engineers always pull the right environment, eliminates local env management and debugging, and makes environments portable - engineers can work from any machine because the code runs and stays in the cloud.
We want Nimbus to be easy to use and flexible enough for any developer, so we provide persistent and ephemeral VMs (EC2) that work just like local development. You create a ‘template’ that tells us what kind of machine and OS you want. Then you load up a ‘workspace’, which is a cloud machine near you for the lowest latency possible. You can jump into that server via our local VS code plugin (Jetbrains coming soon) or the remote dev capability of your IDE and get to work. At any point, you can ‘snapshot’ the image and use that as a ‘template’ for future workspaces.
Here are some examples of ways we’re being used today: a European logistics software company replaced their internal cloud infra with Nimbus to improve reliability and reduce engineering and cloud costs; a fast-growing international fintech company is using Nimbus to bring reliability and consistency to dev environments that broke often; a software development agency is using Nimbus to cut onboarding for their engineers from days to hours; some developers are personally using Nimbus to work at home from their gaming PC and extend their laptop battery life when away from home.
Other products in this space focus on simpler use cases (e.g. Replit) or have design choices and limitations that we weren’t happy about. Codespaces is the best-known offering but it’s expensive, not platform-agnostic, and has limits from its repo-based workspace design. Some people ask if we compete with Docker but most of our users use Docker in Nimbus - and Docker’s poor performance on Mac is one of the main reasons people try Nimbus.
We have a free trial if you want to check it out: https://app.usenimbus.com/. We’re currently working on self-hosting capabilities, enabling prebuilds, and easier templated environment creation – but we’d love to hear what you want. And we look forward to your thoughts and feedback on Nimbus and coding on the cloud in general!.
,Genius Pairing of Technology and Innovative ArtNowadays, if you want to take a photograph, you do not need to look for a studio – everyone has a camera in his smartphone, tablet, etc. The first photo was taken more than 150 years ago. Shortly after, the first frame was made. Since then, the evolution of photography has continued and brought to us some different variants of photo devices.
We live in a new progressive millennium – everything around us is growing and innovating. In our opinion, photo frame design should be both technically innovative and fashionable.
Inspired by revolutionary photo technology, we created the perfect gift for someone special in your life.
TRIVOLTY is the first LED-light CRYSTAL with laser engraved photo from your iPad, iPhone, camera, tablet, laptop or any other device.
TRIVOLTY is not just a souvenir but it's an awesome service where anyone can upload an image and immediately assess how it looks in the real crystal in few minutes on our website. As a result you can buy a unique gift for someone special in your life very easily and fast. The project will be launched on Indiegogo in April.
We hope that you like TRIVOLTY!
Follow us on Twitter and Facebook!.
,Facebook appears to be testing a new Messenger feature that looks like Tinder,HELP HN: Spammers are using us. Help us find them.We are a short domain service. We have recently found some people are using our service to spam facebook friends.
They are using some app called 'Red Facebook' 'Green Facebook' and start Spamming. We are taking immediate steps to remove those domains.
Those domains use conditional UI. In some cases it looks like this.
http://i.imgur.com/EJjavUY.jpg
If you come accross any such co.vu domains spamming please report us
http://codotvu.com/reportabuse
or reach us in facebook page
https://www.facebook.com/codotvu
Thank you
codotvu team.
,Launch HN: PlatoHQ (YC W16) – Mentorship for EngineersHi HN!
We are the cofounders of PlatoHQ (https://www.platohq.com) and we come from an Engineering Background.
After having graduated from college, with two of my engineers friends, we decided to build our own company (the name of our company was Birdly). We made a lot of mistakes along the way; and one of the biggest was to hire too soon a bunch of engineers. We were all three technical cofounders so we could have built the MVP ourselves. But instead of that, we decided that two cofounders over three would do the “Product management” and “Marketing", and that we should hire 3 engineers (including 2 interns) to code the product for us. That was before YC. YC could have prevented us from making that mistake. And this had been our worst mistake.
We transitioned from “Individual Contributor” to “Engineering Managers”. We happened to spend more time doing “management” than building the product and optimizing for product-market fit. We were doing the rookie mistakes most first-time engineering managers do.
Among some rookie mistakes:
- We hired our engineers focusing only on their technical capabilities
- We didn’t make one-on-ones, but rather two-on-ones, and we focused on performance and operational
- We micromanaged them, and even time-boxed them sometimes
- And many more mistakes…
But at the time, those mistakes were unknown unknowns. In other words, we didn’t even know we were doing the bad things.
We don’t all need to do all those mistakes, or at least, when we do, we should know it, figure it out and fix it.
That’s why we’re building Plato, a platform to find your perfect mentor to help you become a better Engineering Leader.
Mentors of the community come from top tech companies such as Google, Facebook, Lyft, Slack, Trello, Netflix, Spotify, Digital Ocean, Segment, Uber… They want to help you avoid the common pitfalls they learned the hard way.
Among our mentors, we have the
- First Engineer at Box (Going from 10 to 1200 employees),
- the VP Engineering at Lyft (and founder of Google Street View),
- Cofounder of Pagerduty,
- VP Engineering at Segment,
- Director of Engineering at Box,
- CTO/Cofounder of Jive Software…
- And more...
It's real, you can really talk to them and receive advice.
Mentors are not paid that is why we can provide an affordable price of $199 per month for an access to all the mentors and an unlimited number of calls with them. Mentors do this for other incentives, happy to discuss more if you're interested.
Also, I know many of you already have learned the hard way many lessons like us. I’m sure many of you would be amazing mentors. Feel free to let us know if you want to become a mentor. Feel free to reach out if you'd like to become a mentor.
Looking forward to having your feedback on our new product,
Thanks, HN community!.
,Ask HN: How is Google's ping time so good?I was surprised at how much better ping times to google.com are compared to other high traffic sites (facebook, twitter, yahoo, etc.) from Bangalore, India.
round-trip min/avg/max/stddev
google.com: 8.990/10.943/16.533/1.501 ms,
yahoo.com: 262.387/331.857/465.871/47.595 ms,
facebook.com: 239.865/299.477/420.529/37.281 ms,
twitter.com: 298.604/349.843/474.227/38.724 ms
I did a traceroute to see what's happening. The path to google seems to be:
Bangalore(India) --> Chennai(India) --> Mumbai(India) --> Mountain View(US) --> Atlanta(US) --> New York(US)
And the path to facebook seems to be:
Bangalore(India) --> Mumbai(India) --> Marseille(France) --> Paris(France) --> Hong Kong --> New York(US) --> Tokyo(Japan) --> Milpitas(US) --> Singapore --> Ashburn(US) --> Dulles(US) --> Forest City(US) --> Dublin(Ireland) --> Forest City(US)
What's with the world tour for facebook? Is it that google has a dedicated link that allows it to establish a direct route and the others don't? What do the routes from other countries to google/facebook look like?.
,All traffic is not equalAll traffic is not equal.
I'd like to highlight this really cogent comment on the TechCrunch article 'Memo to Twitter'
At the heart of the issue is the simple fact supposed technorati and the media continuously drive the concept of all traffic being equal. This misconstrues data and unless you exercise due diligence, investment. Oh, but people stopped reading prospectus long time ago right.
There will always be a new number 1 or even top ten. What no one discusses is that as more people join the internet (globally), its conceivable that a site could loose its spot without loosing its traffic by merely being eclipsed. Which brings us to Facebook and Google. Why do we compare the two. Google is a search engine, email, video and a full out blog platform. Is Facebook any of these? No, but we compare. It's clear that a bus stop is only a portal to other places, much like a search engine, it's not a destination. Facebook is a destination while Google's search engine is a means of finding a destination, so why the comparisons?
Facebook doesn't provide any of Google's functionality nor that of its other properties. The reality is they are complementary. Many Google users have Facebook accounts as Facebook users have Youtube accounts and GMail accounts and Blogger accounts. Until the supposed stats of the day take functionality into account they won't be much more than indicators of traffic at the moment but nothing else.<p>There is popular and then there is necessary. Of all the services up top and even Yahoo's struggles, why do we still see so many GMail, Yahoo, MSN, and even AOL email addresses despite the coming and eventual going of Facebook, Myspace, Geocities, Orchid and whatever else? That's probably how you know most of this stuff is a fad, because at the end of the day no matter how popular the current #1 is or will be, perhaps the best way to determine metrics is by the staying power of a domain name in the email address of people using the internet. Sadly, its not very sexy and doesn't make for great headlines.
-Michael A. De Bose
http://michaeladebose.collected.info/.
,Welcome to Socialism - new pricing structure- Canadian Internet Usage Based Billing-UBB (Canada)
As some of you know, the CRTC recently rendered a decision forcing all independent DSL and Cable Internet providers to substantially match incumbent (like Bell) usage rate caps. This will influence all of our internet service packages eventually, but DSL residential customers in Ontario and Quebec first, as of March 1. Along with you, we are not pleased with this, and our view is more fully expressed in our press release which you can find here: http://www.teksavvynews.com/
From March 1 on, users of the up to 5 Mbps packages in Ontario can expect a usage cap of 25GB (60GB in Quebec), substantially down from the 200GB or unlimited deals TekSavvy was able to offer before the CRTC's decision to impose usage based billing. Users who were on unlimited package rates will be returned to $31.95 capped rates although larger blocks of bandwidth can be purchased.*
In order to facilitate this transition we have constructed a new easy-to-navigate portal at https://myworld.teksavvy.com where our customers can choose from the amended and new packages.
The details of our new rate plans and charges can be found there. You will be able to register using the account information found at the end of this email. More on the portal below. In addition, in order to accommodate these changes, we have amended our Terms of Service, primarily regarding implementation. The amended Terms form part of your Agreement with TekSavvy and can be viewed at https://secure.teksavvy.com/en/termspolicies.asp.
Please note if you do not choose a new service before March 1, 2011, your existing package will be transitioned into an amended package. Existing packages and the ones they will be replaced with in each case can be found at http://teksavvy.com/en/faq-ubb_on.asp for Ontario and http://teksavvy.com/en/faq-ubb_qc.asp for Quebec.
Content and data like Netflix, YouTube, IPTV, large file downloads or other streaming services can consume large amounts of bandwidth and place your cap limits in jeopardy very quickly. We encourage you to monitor your usage carefully, as the CRTC has imposed a very high overage rate, above your new monthly limit, of $1.90 per gigabyte ($2.35 per gigabyte in Quebec).
The CRTC did however provide an option for insurance usage blocks at $4.75 per 40GB block per month, which can be purchased if you want to reduce your cost for use above 25GB (60GB in Quebec).
Ontario and Quebec up to 5 Mbps users with a monthly limit of 25GB and 60GB respectively:
Insurance Blocks Offered:
* $4.75 - 40GB extra usage
* $9.50 - 80GB extra usage
* $14.25 - 120GB extra usage (maximum 3 blocks)
* $55.00 - 275GB extra usage (maximum 240GB extra usage in Quebec)
To select a new package please visit https://myworld.teksavvy.com
You will be able to register using the account information found at the end of this email.
Unhappy With the UBB Decision? So Are We!-Join Us!
The CRTC decision to impose UBB on the whole market is a big win for Bell and other major carriers, but a big hit to everyone else. To view the CRTC decision, go to:
http://www.crtc.gc.ca/eng/archive/2011/2011-44.htm
Like our customers, and Canadian internet users everywhere, we are not happy with this new development. We will continue our efforts to fight the imposition of exorbitant bandwidth charges on usage with virtually no incremental cost to Bell and other UBB carriers, and we will develop strategies to restore the usage levels and costs our customers have come to expect. But we need your support to succeed, and get back to the cost structure we have a right to expect.
If like us you are disappointed with the CRTC's decision, make your views known on UBB and what it means to you (and Canada frankly) by going to www.stopthemeter.ca, where you will find a petition against UBB. Sign it, get involved, and together we will make a difference! Let everyone you know understand that Canada is about to become the most expensive internet market in the industrialized world!
We will keep you informed of our efforts, and look to you for your help.
If you would like to get more involved go to these links to make your thoughts known and join this battle:
* www.stopthemeter.ca - signing the petition will now automatically send our Minister of Industry, Tony Clement, the person politically responsible for the CRTC, an email.
* Join the twitter campaign at http://act.ly/2kw
* Join the Facebook campaign http://www.facebook.com/notes/openmediaca/stop-the-meter-on-your-internet-use/455248704798.
,Ask HN: Are we drawing the right conclusions from the Facebook IPO?All of this Facebook talk is really starting to irritate me. Everyone is doing IPO postmortems, but I still think they havent grasped the real point. Here are my take-aways from the IPO:
This is not 1999. Stop worrying that it is.
We created the hype around Facebook. Facebook as a company really had nothing to do with what just happened. They were just along for the ride, like the rest of us.
If you dont think Facebook is worth $100 billion, <b>then dont buy Facebook shares</b>. No one is forcing you to.
The IPO process is incredibly broken and incredibly inefficient, still favors Wall Street insiders to the disadvantage of retail investors, and is simply not transparent. But given the interconnectedness of todays world, all of this will change soon. The IPO process as we know it will be fundamentally reborn in the new future, and it will become much more fair. Otherwise, no one will want a part of it.
Dont believe me? Lets take a look at some of the postmortem analysis from the past few days:
(NOTE: Some of these articles make good points. Im only pointing out the things I disagreed with)
Gawker The Facebook IPO Was an Inside Job
http://gawker.com/5912419/the-facebook-ipo-was-an-inside-joke
(accessed on 5/23/12)
Facebook's stock continues to suck harder than a Northwestern University freshman on a 5-foot bong in his profile pic.
Your snarky opener is really contributing to the conversation.
It turns out that the insiders who did the Facebook deal withheld some important information that showed it wasn't such a good deal after all. Analysts at three of the major underwriters, including Morgan Stanley and Goldman Sachs, significantly reduced their forecasts for Facebook's revenues just before the IPO, according to Reuters. They did not widely publicize this information via, say, a Facebook status update. They quietly shared it with their buddies at hedge funds and other big investment firms, many of whom cut back on their investments accordingly. Meanwhile, the general public continued to froth at ever-climbing valuations.
Yes, this is something that the bank analysts and Wall Street syndicate partners appear to have done. And it angers people, rightly so.
'Facebook was whispering in the ears of the lead managers of its investment banks, on the understanding that the results of those whispers would remain available only to select clients until after the IPO was over,' writes Reuters' Felix Salmon. This doesn't seem to be illegal, just shady as hell.
Is Felix really saying this is true? That Facebook actively and intentionally whispered material, non-public information into the ears of the Wall Street analysts? If so, thats pretty damning. But Ive read Felix for a while and I dont think he would make a claim like this without having the facts. Well go to the source in a minute.
So, Mark Zuckerberg screwed Facebook investors in the IPO like he's screwed Facebook users on privacy. (Hours before the IPO, Facebook was hit with a $15 billion lawsuit over privacy violations.) This would be just a hilarious coincidence, except for the vast amounts of money he's made doing both.
I see that this is the conclusion youve drawn. I disagree. I think youre making assumptions that arent correct and need to reexamine your thinking. But Im sure you got some pageviews because of your conclusions. Thats your job, after all: to get pageviews. Not to be right.
Felix Salmon, Reuters The Facebook earnings-forecast scandal
http://blogs.reuters.com/felix-salmon/2012/05/22/the-facebook-earnings-forecast-scandal/
(accessed on 5/23/12)
As Henry Blodget says, this whole episode stinks. Its almost certainly not illegal. But if you look at the Finra rules about such things, it definitely violates the spirit of the law. For instance, the rules say that Morgan Stanley analysts werent allowed to show Facebook their research before it was published but they dont say that Facebook cant quietly whisper in Morgan Stanleys ear that its estimates might be a bit aggressive.
I think most people would agree that this whole episode stinks. But lets make sure we come up with the right conclusions about why this stinks.
What [retail investors] didnt know what they couldnt know, because nobody told them was that those estimates had been cut, significantly, just days before the IPO.
No argument here.
Its true that retail investors werent buying Facebook stock on the strength of the banks earnings estimates, since they didnt (and still dont) know what those earnings estimates are. But heres a material nonpublic fact about Facebook, which retail investors and everybody else in the deal deserved to know: all three underwriters cut their estimates simultaneously, in response to some very minor changes in the revised IPO prospectus.
Again, no argument here.
Heres Blodget:
Speaking as a former analyst, it seems highly unlikely to me that the vague language in the final IPO amendment would prompt all three underwriter analysts to immediately cut estimates without some sort of nod and wink from someone who knew how Facebooks second quarter was progressing.
Aha! So Blodget thinks that Facebook had to have leaked information, or at least given some sort of nod or wink, because Because thats what he thinks. If there were some evidence to support this, please bring it to the public. Bring it to the SEC so they can investigate. But youre telling me Facebook should be implicated in all this because Blodget thinks so? Give me a break. Blodget is a true pillar of integrity and ethical behavior</sarcasm>.
This does not mean, of course, that Facebook stock is doomed for all eternity: it could pull an Amazon, and rise sharply out of its post-IPO slump. But this does mean that shareholders should not expect much in the way of transparency or full honesty from a company which is controlled by Mark Zuckerberg personally and which has deliberately created a dual-class share structure in order to to ensure that they can be completely ignored on all decisions. <b>Facebook was whispering in the ears of the lead managers of its investment banks, on the understanding that the results of those whispers would remain available only to select clients until after the IPO was over.</b> Thats not cool. And as a result the company definitely deserves the latest lurch downwards in its (still frothy) share price.
Jump to conclusions much, Felix? I expected much more from you.
Maybe Im wrong. Maybe someone at Facebook did leak some information to the Wall Street analysts. Maybe everyone is right to be mad at Facebook.
But I have a different view. I think what this fiasco really shows is that the interconnectedness of todays internet makes it impossible for Wall Street to operate in the shady, opaque manner that is has for decades. The free ride is over. No one will tolerate this horrible inefficiency that benefits Wall Street insiders to the detriment of everyone else anymore.
This should lead to the democratization of finance. A level playing field. Retail investors are becoming smarter, and Wall Street insiders can no longer pray on the ignorance their ignorance. Which makes me think that Wall Street banks are overvalued. Maybe I should short JP Morgan and Goldman instead of Facebook.
In fact, all of this negativity surrounding Facebook is making me think that now might just be the perfect time to buy Facebook shares. If Facebook can finally learn the lesson that its experienced users hate ads, maybe they can focus on creating value for their users instead. If Facebook does figure that out, watch out. A $100 billion valuation would be incredibly undervaluing the company.
Anyway, thats my take. I may be wrong. But if I am, Im certainly willing to admit it.
Emmett
twitter.com/eragnew.
,Ask HN: Loosing Faith - the startup killerI'm coding for 15 years, I've met a bunch of of bright, skilled and motivated people trying to build 'their own project': Nearly everyone of them had on some point the idea to build a startup, a small web project, a passive income business.
And mostly everyone, including myself, failed.
We've failed not because nobody wanted our product.
Or because of missing programming skills.
We've failed because we've lost faith in our product!
We may have started, wrote weeks of code, played with it.
And finally abandoned it without finishing it.
I'm not talking about 'missing market'/lack of customer acceptance. We just were not able to finish it.
What I wonder: We're all intelligent enough to understand, that it probably takes some time to finish a product (SaaS app for example). We all now, that it takes some time to get a few beta customers and even more time and hard work to attract paying customers in the end.
And we are all aware of idiots bashing every new idea, tellung us things like 'that will never be as big as facebook!' all the time.
We know that, before we start. But usually after two to four weeks, the project just fails. We've lost faith in it. A few weeks, months, years later we try another idea. Same thing.
To clarify: It's not a tool-problem! I know a guy doing really 'low' PHP4 things, but he is able to deliver a MVP to the market, several times. For years. As a part time business besides his full time project management role!
So instead of talking about technology, finance, SEO and all the crap, we should imho focus to deliver. JFDI!
But how?.
,What Facebook's Internal Facial Recognition App Looked Like,Work on the largest Node.js installation in the worldVoxer looking for several Node.js engineers to join our team.
Voxer have grown massively in just a few months. We are now the fastest growing voice application in the world and we need your help to keep growing. We are solving really hard problems at massive scale with Node.js, Riak, and Redis. We use continuous deployment and run on Joyent Cloud.
You'll get to work on:
- Likely the largest Node.js installation in the world.
- One of the largest Riak installations in the world.
- Many very large and hot Redis instances.
- Write code that touches millions of users every day.
- Scaling and monitoring busy Node.js clusters with HTTP and JSON.
- Work closely with the core Node and DTrace teams (we're on Joyent and that's where they work), as well as Basho and Redis core teams.
Some of the things we look for are:
- Some formal education in Computer Science or equivalent, but the exact degree or number of years of professional experience you have isn't as important as your enthusiasm and ability.
- Generalists with experience of many parts of the server software / hardware stack.
- Experience with Node.js, Riak, and Redis is very helpful. We depend on these technologies every day.
- Experience with DTrace, Hadoop or Splunk is a plus. We are starting to incorporate these technologies into our operation.
- If you don't have experience of above - ability to pick it up quickly.
- Signs of an entrepreneurial or intellectual exploration.
- Hacker-mentality. You're scrappy and want to get things done.
- You want to be part of the team building the next generation voice platform for hundreds of millions of people.
Voxer
We're changing how the world communicate. We launched Voxer in 2011and have since become the fastest growing voice application in the world. What we've built is already an important part of the daily lives of millions of people. We're making voice communication faster, more efficient and more social. Our goal is ambitious - we're building the next generation communication service in the intersection between phone calls and SMS.
We're a surprisingly small team doing this. Only about a dozen engineers who previously worked at Heysan (YC07), Danger, Android and Apple. We helped build things like redis for node.js and are contributors to the node.js community. Voxer is built using node.js, Riak and Redis.
We try to stay out of the spotlight and focus on building something amazing. We're hackers. The problems we're facing are at a scale only seen at companies like Twitter and Facebook and we're looking for exceptional people who can help us tackle them.
Apply here: http://voxer.theresumator.com/apply/zfpjQ9/Nodejs-Infrastructure-Engineer.html
Popular like Voxer http://techcrunch.com/2012/01/10/popular-like-voxer/.
,I’m busy wasting my timeI’ve made this excuse before: I’m busy. However, I actually do have quite a bit of free time not having any serious commitment other than my career and errands. No relationships. No family. No activism. No religion.
My time tracking software is ManicTime mainly for keeping tabs on my work hours. It has advanced tagging and report features that I used often. As time accumulates, the software gathers more and more data about my habits and what I do on my computer.
This morning, I decide to run a statistics report to see what I do the most and what web pages and documents I spend the most time on. I wasn’t happy with what I saw realizing that it was all my fault.
The report was limited to this month of January that is nearly ending. I’ve spent 80% of my time in a web browser but decided to look deeper into the websites I was visiting the most often. I wasn’t shocked so to speak, but it hit me like a rock anyways about how much of my short life was spent doing insipid things.
Sixty-percent of my web browsing time was spent on Reddit but not partaking in the discussion oriented forums or the likes. I just visited the main page over and over again to keep scrolling and scrolling getting my dopamine rush in cycles. Picking the subreddits to follow put me in a social bubble only seeing what I know and experiencing the same type of content over and over again.
Next on the list was YouTube. I’m not using it to watch informative videos or documentaries, but rather non-beneficial content that only passed the time. I binged and at times watched the same content several times in a week. Wikipedia was far down from the top five.
Looking at these reports put me into a downward spiral and gave me a revelation. I was in disbelief even though I knew this all along. I mocked those who spend hours on social websites like Facebook, Twitter, Tik Tok, Instagram and so on. But I just was one of them. I know these things are designed to steal my attention but I’m supposed to be stronger than that.
Like many of us, I made promises to myself for the new year. However, 3 weeks later, I haven’t followed up on any of them. I wanted to read more books, volunteer more, focus more on my work, see family and friends and so on. I even wanted to play more video games and watch more movies. I wanted to write more and blog more. Partake in my hobbies and make things.
Instead, I’m paralyzed by the bad habits I’ve formed for myself. My boredom is the catalyst for these habits. I keep lying to myself that I’ll do these things later when the moment is right. However, I push my time forward further ahead until it hits my bedtime and knock myself out.
I’m not the type who will find ways to block my avenues to limit myself from certain activities. Instead, I try to build habits that are strong and regular and instead provide a ‘natural’ way to stay away from these distractions.
Although I think it’s important to have rest and even lazy moments, I aspire to spend my time doing fruitful things or beneficial passive activities. My potential is so much more than what I’m doing now. I’ve mocked people for being stuck to their phones and living their lives online, but I’m one of them too.
I know I can do better than this. I have strong organizational skills but I’m not taking advantage of them. I’m awake of what a productive life looks like. It’s not impossible..
Reddit Images 57
Hope you like these, also my new logo The first one is Lumine, second is Amber and last is Ganyu- I believe all of these to be Collei's twin's xD Anyways you can check me on insta and facebook :D 0
After we criticized them for not including the Cinemassacre Monster Madness logo in their thumbnails last weekend... Looks like Screenwave still love us 1
If I was going to buy a Car then it should have a PAW logo cause in this PAWniverse,Big People like us Drive the PAW car. 2
How odd that C fans can call us names and we have to be ok with it. Kinda of also seems like this person on someone's FACEBOOK page is making death threats?🤔But when we do it then it becomes bullying?🤔 3
46 US states call for Meta monopoly lawsuit to be reinstated - States, led by New York, seek to revive 2020 anti-competition cases to break up Facebook, WhatsApp and Instagram 4
help me identify this wagon. seen in the US, definitely looks foreign. top is the logo it looked like an F stretched out. wagon style with a hood scoop and sits low to the ground 5
Island with a Meta logo for a road.. does anyone know if this actually exists? Found on Facebook when my event location wasn't set correctly. 6
The Facebook logo we all want... (Shrek) 7
The new logo of the US National Air Intelligence Agency depicts a UFO 8
US Military Annoyed When Facebook and Twitter Removed Its PSYOP Bots 9
Every time I see a spam/scam post on Facebook telling us to find the hidden number, comment with the word winner or something like that for some fake giveaway, or comment interested for fake job opportunities (phishing), I always respond by posting these two photos in the comments... 10
Might be a ter(rule)ble facebook meme but I feel like it’s a great meme for us 11
Back when the US Secret Service was under the Dept of Treasury, we had a budget for liaison gifts with other law enforcement agencies or departments who helped out during a Presidential visit. This is one such lighter with old USSS logo and unused. I like the packaging personally. 12
OH LOOK! there's literally a UFO in this New Logo for the US 'Office of the Director of National Intelligence'. wonder why ? 13
it's like she just found your aunt Karen's Facebook page 14
Logo resmi HUT 4 negara 2022 (Source : Facebook) 15
Facebook Bans Major US Anti-Vaccine Group Over 'Spreading Misinformation' 16
Meta is being sued for giving US hospitals a data-tracking tool that allegedly ended up disclosing patient information to Facebook 17
Apocalypse : Follow us, with an animated logo ! ❤️ 18
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