@Zippy
@lemmy.worldShorting is a very important and good mechanism to bring prices back down to earth for any stock. Without it, you would see even higher valuation of which ultimately will be corrected to real financials and valuations. Be it one week or one century. And without shorting, there would be even more l people making dumb investments and intimately being bag holders.
But about as democratic as can be. No one was forced to buy Reddit. Benefit or not to the company, the company was essentially sold. The new owners of their very own choice will want a return. A big return to essentially cover 8 billion they just paid for it.
Reddit will need tens of billions in revenue to make the profits those new owners will demand. It is that drive to justify the cost that will make it another shitty bloated ad platform.
Their capitalization was I believe around 8 billion. This is the number they need to understandably recover from an investment point of view. If I was an investor in a risky type of investment like this. Risky mainly in that it could be a dog forever, I would want to see 25 prevent profit in their financial statements relatively quick.
I am saying this all from an investment point of view of the people that now own it. More or less, Reddit needs to start showning profits of some 1.6 billion a year. That likely means they need 10 or 10s if billions in revenue per year. That will give you an idea what they will be developing and how advertising will need to be excessive. They will go the way of tiktok and other platforms in that emotional and divisive algorithms increase viewership.
Because it is called Obamacare. If you ask if they approve of the Affordable Care Act, support is much higher.
It is the same thing people. Stop calling it Obamacare and start using ACA or Affordable Care Act. Obamacare is not is name.
Comments are correct here with one missing high level component for routers. That is the very top level routers are designed for tier 1. I started an internet company and we got large enough to decide to become a tier 1 provider. There is one big difference in this configuration is that we publish our own blocks of IPs and we listen for published IPs. We have routers that essentially maintained a list of where all the IPs or block of IPs worldwide needed to go. More importantly, I would send out a list of my IP blocks that would propagate across all the tier 1 routers across the world. That could take an hour but more likely minutes.
Having this allowed me to essentially connect to the internet at zero cost. There is some cost to be assigned IPs but I was trusted. While I say zero cost, I still had to pay for large bandwidth dark fiber to new York or other major meet me points. I also had to pay rack space to put a tier1 router into these buildings. But what is really gives me is the ability to have multiple connections to the pipes and because I publish my own IPs, I can balance all the routes and other providers can find the best way to me thru a process called weighing. Also if I loose a connection which is rare at this level, I could rapidly and automatically republish my route on working connections and usually within 15 minutes, all the routers in the world would know. 15 minutes actually is likely long. These days 5 minutes.
Now the interesting part of this, I publish my own IPs. I have to be extremely careful as with a single stroke, I could say I own all the IPs to China. Well likely a few strokes. I certainly could make a simple mistake and take control of a shit load of IPs. That means suddenly traffic could come to me that was destined for another country. More correct, because they are publishing, it would just make a mess and take some IPs down. If I publish a big block in China, I would essentially DOS myself because the pipe sizes I buy are factors smaller. Now this is a trusted system because we all connect together randomly. There is and can not be any central control as we all need to publish freely for this to work. But if I were to screw up and say divert a shit load of IPs destined to say Washington, it would rapidly be figured out and I would rapidly be determined to not be trusted. I would be shut down physically at some point.
Essentially I have fairly normal routers with one feature that allows them to dynamically keep track of all the routes worldwide and to periodically publish all the IPs I own.
Considering I do that yearly you don't pay taxes on 25,000 but only on profit. You will write off a percentage of a capitalized item like that per year. The only way you would pay taxes above what you have expenses is if somehow that 50,000 dollar car sells for more then 50,000. That is likely not happening.
Well pay taxes if you sell at a profit. Hard to say if the value of his assets increased.
What they should do is post articles then make the most outages claims so that people feel the necessity to comment.
BTW, Trump deserves to win the presidency. He is by far the most honest.
The don't thing is that the term RINO was initially coined for people exactly like Trump.