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Joined 2 years ago
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Cake day: June 12th, 2023

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  • It’s nitpicking and also not quite right. Stock of a corportation is shares, whether or not they’re publicly traded. It becomes plural when it’s shares of multiple corporation.

    However, LLCs aren’t corporations at all (the C is Company), and in the US, stock is specifically of corporations. I’m in the UK, where the equivalent to an LLC’s shares are still considered stock, and I’ve been googling whether private corporations have stock in the US, which they do, so the confusion’s been that the public/private distinction isn’t the important one and I’ve been arguing the definition of a word that’s defined differently in the relevant country.



  • The billion dollars in superyatchts is just the personally-owned luxury kind that billionaries like to hoard, not marine research boats that he has funded. Him giving away some of his money doesn’t mean that he’s not also frivilously spent more money than most people could hope to see in a lifetime.

    Fundamentally, I don’t think we’re going to agree here, as I fundamentally believe that there’s an amount of money beyond which there are no ethical grounds for keeping it, and it’s much lower than $11 billion. Newell has kept money above that threshold instead of giving everything he made beyond that threshold away (even illiquid stuff like part of his stake in Valve could, in principle, be given to a charity so the profit from Steam went straight into the charity), and I and plenty of other people would see that as greedy. Others might say that the fact that he’s given anything away that he wasn’t legally required to means that he’s not greedy. These are subjective ethical opinions, so even though they can’t be reconciled, it’s not a big deal. Different people think different things are wrong.

    The reason I’ve been replying at all is that some of the things you’ve stated to be facts are untrue, not that I’m trying to convince you that all billionaires are unethical.


  • Which makes his platform more popular. And in turn brings him even more cash to buy more yachts.

    Realising that ratfucking your customers and suppliers at every opportunity makes them less willing to do business with you in the future, and therefore you’ll potentially make more money by not doing that, so then not doing that, is exactly what a greedy person would do if they weren’t also a moron. Gabe Newell is certainly not a moron. Lots of other billionaires are, or have other empathy-limiting conditions that mean they don’t realise people won’t want to do repeat business with them if they got screwed over the last time.

    There’s obviously a majority of billionaires that are much less ethical than Newell, but one superyatcht ought to be enough for anyone, and anyone buying a second one instead of putting the money directly to good causes is not benevolent.


  • It doesn’t have publicly-traded shares because it’s a private company, but it’s still correct to say someone has stock in a private company corporation (which isn’t relevant as Valve is unincorporated) that they own part or all of. Like with physical objects, they don’t stop existing just because they’re not for sale to the public. It’s an easy mistake to make, though, as the vast majority of the time people talk about stocks and shares it’s in the context of buying and selling publicly-traded stock.





  • Investors have been happy to incentivise companies to hire idiot CEOs and managers who say the right buzzwords but reduce output by making bad decisions and only hiring people who don’t think they’re bad decisions, so an automated buzzword-dispensing idiot isn’t necessarily going to seem to investors like a downgrade compared to what they think most workers are. They’re just as likely to think AI lets them invest in companies where even the lowest tier employees are potential CEO material, and continue not noticing that the per-employee efficiency keeps going down. Data showing that layoffs nearly never pay for themselves doesn’t stop stock prices soaring whenever one happens, so I wouldn’t expect data showing AI makes companies less profitable to stop stock prices going up when a company announces a new dumb way they’ll use it.



  • The discussion on the talk page was basically nuh uh, loads of reputable sources like the Israeli and German governments say there’s no evidence of genocide, and even if they’re biased, anti-genocide NGOs are more biased because they have to accuse nations of genocide to justify their existence, with people responding to point out that’s not how Wikipedia’s rules work, and if it were, they’d have to rename the pages on various other genocides because there are very few that no nations deny.



  • In principle, copyright law doesn’t stop there being a system that lets you redeem the same key from Steam, Epic and Gog as long as it’s the same person behind all three acounts. There’s already a degree of precedent for this - when a publisher generates Steam keys to sell at other retailers (whether they’re codes-in-a-box at a physical shop or an online retailer like Humble Bundle), they don’t have to pay Valve a fee, but the keys can be redeemed on Steam and work just like if you’d bought the game from the Steam store where Valve would take a 30% cut. Valve probably don’t think it’s in their interest to make libraries transferrable/sharable between Steam and not-Steam, but if they change their mind, and the competitors that they’re building the transfer/sharing system with also thought it was in their interests (which is unlikely to happen at the same time), there’s nothing stopping them building it.


  • If you trust Adam Smith, an efficient market would quickly make new goods and services available for the lowest possible price. People are supposed to be incentivised to sell things, and competition is supposed to stop an excessive amount of money being diverted to profits instead of reinvestment and price cuts. There are supposed to be systems in place that ensure that there are always opportunities for competition, but the wealthiest have the most power to erode those mechanisms and the most interest in eroding them, and neoliberals think an Ayn Rand novel is the definitive text on how capitalism works rather than Adam Smith’s work, so even if you land in the capitalism makes everyone better off mode, it doesn’t last for long before it falls back into fuedalism with extra steps mode.



  • I don’t know if this is the same loophole used in NZ as in the UK and EU, but in the UK and EU, lots of things are banned from retail rather than completely illegal. If they’re imported and the importer sells them without demonstrating that they’re safe, the importer has committed a crime. If the importer keeps them for personal use, that’s fine, though. In theory, people ordering things from outside the EU and importing them are supposed to be aware that they’re importing things and that the stores aren’t necessarily only selling CE-marked goods, so they’re responsible for checking that they’re safe themselves, but in practice, people just see an online shop and don’t make a distinction from a domestic online shop except the price and delivery time. The EU is working on a law to close this loophole in some way.


  • Planking was just lying down on things, so hardly an instance of teenagers endangering themselves.

    The tide pod thing wasn’t exactly what it seemed to be. Some children with learning disabilities and some people with dementia had died from mistaking laundry pods for food. At some point, some media outlets decided to sensationalise it by leaving out the bit about learning disabilities. That meant that there were teenagers who thought other teenagers had died from eating them, so they could make videos pretending they’d done that, just like teenagers have staged videos to make it look like they’re doing dangerous things that they aren’t really doing ever since people have let them have cameras. Some of them decided that the easiest way to pretend was to put a real laundry pod in their mouth, pretend to chew it and swallow, pretend to die, and then cut the video and spit it out. If they checked the relevant warnings on the packet, they just said not to eat them and to rinse their eyes if they got any there, so this plan might seem safe. However, laundry pods are so corrosive against mucous membranes that putting one in your mouth and spitting it out immediately because it starts to burn immediately can still be fatal or cause permanent injury. The media reported the deaths and injuries as if teenagers were intentionally eating laundry pods, rather than pretending in a way the packet implied might be safe, so most people weren’t learning that pretending was also deadly and that the warnings on the packet weren’t exhaustive, so it just made fake tide pod challenge videos even more tempting. If the reporting had been more responsible, then most people would have first heard even pretending to eat laundry pods can kill rather than teenagers are eating laundry pods.



  • It’s pretty obviously both things that were a problem. A mediocre prebuilt with a $200 premium over other mediocre prebuilts was unattractive, but plenty of people do buy overpriced mediocre prebuilts. The killer feature being that nearly no games were compatible was going to kill it even if the price was right, though.

    Now we’re in the era of Proton, and games just work, if the price is fair, it’ll sell. If the price is you cannot get anything like this without spending much more like the Deck or how consoles used to be priced when the hardware made a loss and the profits came from games, then it’ll sell really well.