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Small factoid: I visited the Tobacco and Salt Museum in Tokyo and found out that Japan was forced to develop domestic salt technology due to isolation plus climate factors (cool temperatures and heavy rainfall). It's not just a historical topic. With increased use of soda and soda derivatives in modern industry salt now has an important role to play in advanced technologies.
Online communities need active human management and engagement. You can't automate yourself out of this, Facebook. It seems like this pattern is repeated over and over. Slashdot figured out a way to have human cultivation aided by software. And the result was high quality. Digg came along and tried to go all software, and it failed. Ignoring these lessons, many, many newspapers open up their articles to unfettered commenting and are shocked when anonymous users with no sense of accountability produce ugly comments.
Is that a lot or a little? How am I supposed to judge? It looks like SpaceX is well over $1B with a B in funding in total now. In comparison Blue Origin just gets money from Bezos, so "no" funding?
This $100 million is a follow-on to a $350mm round started this summer, bringing this year's total to $450mm. This puts them up to $1.68 billion in funding, including their $1 billion funding from Google and Fidelity in January 2015. Latest valuation is reportedly $21.5 billion.[0]
A conservative estimate of annual payroll on /r/spacex from this week was $700mm.[1] Each Falcon 9 costs about $62mm, though some of the oldest contracts are for far less and government missions are more (plus Dragon). Cash-flow-wise, payments are broken up over the separate phases of the contract. They have launched 16 rockets this year, 8 last year and 6 the two years before. (Not counting one failure in each 2015 and 2016 — though we know SpaceX earned at least part of its CRS-7 milestone payments by getting off the pad.)
Just for comparison, $19 billion is what the first operational fusion power reactor is budgeted to cost. Instead of Whatsapp, the world could have fusion power. Tell me that makes sense.
> Instead of Whatsapp, the world could have fusion power.
I'm sure if HN could combine savings from annual budget the $5 lattes and $2,000+ annual refreshes of the Shinybook Pro, we'd be halfway there. But hey, maybe the value provided in an affordable SMS replacement to a billion people isn't all that, right? It's just a replaceable app, why don't they get iPhones and use iMessage. /s
HN can be hilariously condescending - "I don't use this, it doesn't impact me, I don't understand it - therefore it can't be worth much".
> Tell me that makes sense.
WhatsApp provides massive value to its users, especially when they supported feature phones. What's the human value of a poor rural farmer sending a message to their child in the next city over "Your mom isn't feeling well, please send money for a clinic visit"? I bet it is more than the $1/year WhatsApp originally charged. Communication is a force-multiplier - someone smarter than me has probably already calculated the value WhatsApp has added to the world by merely existing.
I'm not a Facebook fan- I hate that Facebook changed the monetization model and are dropping WhatsApp support for feature phones in pursuit of features. However, Facebook paid $19 billion because WhatsApp was potentially an existential threat to Fb. Why don't you and a small team develop a fusion reactor and see how much GE/Saudi Aramco will pay - I bet it would be north of $19 billion.
First it starts by claiming that I don't understand, use, or appreciate messaging in general. This is of course without any background or support, and is simply an ad hominem. I have a more extensive background in messaging than most people in tech. There is no condescension in making a value judgement of yet another messaging application vs a fundamental energy source technology.
Next you make some statements in support of value for WA. Regardless of the value of messaging in general, WA is is simply yet another app in a very crowded market. Its purchase was clearly anti-competitive, rather than innovative, and as such can not be justified based on function.
Last you hurl some weird non-sequitur that implies my judgement is incorrect because I'm not a fusion researcher/implementor working on disrupting the world energy market, combined with some kind of conspiracy theory about Saudi Aramco? That's just plain specious. One can clearly judge the value of working fusion energy without being a physicist.
So please, re-read the posting guidelines and reconsider how you address others and their arguments. Thank you.
> There is no condescension in making a value judgement of yet another messaging application vs a fundamental energy source technology.
This is the root of our disconnect - I strongly disagree with your assertion that WhatsApp was merely "yet another messaging application". If it were, why aren't Slack and the rest of them being snapped up for $19 billion?
You have an extensive background in messaging tech - I have a more extensive background than most in the 3rd world. I witnessed the phenomenon that was WhatsApp firsthand. What other messenger supported feature phones (think Nokia S40 and S60)? This probably doesn't matter in your world, and probably gives you a blindspot that causes you to not see the value that is readily apparent to me.
Our disconnect may boil down to this: in my view, WhatsApp's features are, in hindsight, obvious, simple, and easy to implement by any competitor. The advantage (and value) in WA is in the already grown network, the familiar marketplace network effect growing out of that.
Facebook acquired WA for the network of users, not the messaging features. It could easily and more cheaply have fielded an identical app with the same or superior features. It didn't, though, because it wanted to not leave a competitor in the marketplace.
Thus the judgement that it was $19B of mis-allocated capital from a larger viewpoint. We apparently disagree on this point.
On the other hand, working fusion power technology would be hugely consequential for most of the human race, especially in places like Africa that are so energy-needy at this point in their development.
I completely agree with your first 2 paragraphs. I am furious with Fb dropping support for basic phones - and this is making WA "yet another messaging app" in pursuit of crowding out Snapchat.
> Thus the judgement that it was $19B of mis-allocated capital from a larger viewpoint. We apparently disagree on this point.
I almost agree, only I believe there's more nuance to this. Fb was never going to invest $19B in fusion power, so to say it was mis-allocated feels wrong. The only reason it spent so much was that WhatsApp was a potential existential threat to Fb. This was the point I was attempting to put across, abeit poorly - that a scrappy company that manages to achieve fusion would be an existential threat to energy companies and would be worth billions for that reason alone.
Just as a side note, that's such a weird thing to compare against... What intuition does the average reader have about the price of container ships? If anything, I learnt that container ships are less costly than I would have guessed...
It’s probably a misunderstanding of common media units of measure. If an Olympic swimming pool or an Empire State Building are a valid unit of measure, why not a container ship?
Those are probably weird too, but most people have some idea of how tall tall buildings are (even if they haven't been to NYC), and likewise have probably been to a pool.
people i know are using it less because of how buggy/slow it has gotten and how hard the basic activity of curating your boards has become. i also now avoid clicking anything related to pinterest because they break the web and make it hard to visit the source website and view their site on mobile. Too many walls around that garden.
I once clicked on a recipe that was pinned to a Pinterest board and it would not allow me to view it without registering for an account. They lost my eyeballs forever that day and I'm sure there's many others like me out there. Given their target revenue model was presumably ad/affiliate referral based, keeping potential consumers outside the wall made zero sense to me.
Same for me. I think this might be the actual reason they're losing out. The moment they started requiring to log in to view stuff discovered through Google anyway was the moment I stopped using them, even though I actually have an account.
The funny thing is that you are obviously right about their problems and despite the fact that an anonymous stranger on a forum can easily answer this, the billion dollar machine won't change to save its life.
Exactly, been thinking this for years now. It's scary how fast a company can grow too big to actually do anything remotely new or change a small thing to save itself. Same actually how SpaceX came to be, stop tossing away perfectly fine rockets.
I am one of those guys. I don't really understand the value of pinterest. So a drop in performance made my exit far easier. I am probably not their target user.
I worked as a (very) part-time translator (Japanese to English) for a company called Gengo. It's a "shared economy" structure, with any army of freelancers doing the work. Good at smaller, quick translations. To be clear, I have no experience buying their service, and I haven't done any work with them for several years. https://en.wikipedia.org/wiki/Gengo
Here's an example: Shimmy Technologies is basing their company on Watson API. They make custom swimsuits using Watson's Speech to Text "recognizeMicrophone" so buyers can say their measurements which then gets converted into CAD files and Shimmy produces the customized clothing from there. http://www.techrepublic.com/article/stop-the-hype-the-real-v...
I don't have any inside information but the IBM blog post states: "IBM plans to deliver Grafeas and Kristis as part of the IBM Container Service on IBM Cloud, and to integrate our Vulnerability Advisor and DevOps tools with the Grafeas API."
Can you get some additional information? Have you tried to ask IBM? Maybe the author of the blog? Seems like I need to download this from GitHub in order to take a look at it right now?
You’ll work through the course like a student would, identify what’s confusing or missing, and help us refine the lessons so they land cleanly.
While you review and provide feedback, you’ll also build a realistic portfolio project you can confidently demo, explain, and defend in internship and job interviews. You’ll have an industry mentor (me!) to help you move faster, avoid dead ends, and build real confidence.
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