Time changes too fast...

I hate it when stupid ideas go public and get a huge valuation. Snap at ~$24b just means more of my mother asking why I haven't made something like that yet and everyone else pitching me their dumb ideas at my birthday party.

Recruiter: Hello I’m recruiting for an exciting opportunity at a rapidly growing company with loads of potential

Dev: *Looks up company on google*

Dev: Their stock has been declining for the past 2 years. 3 months ago their valuation just dropped by 80%…. How are they growing?

Recruiter: Oh that happened to every company at the end of 2021.

Dev: …I guarantee you it did not.

Recruiter: …

Dev: …

My annoying 19-yo nephew wants to drop out of CompSci to "create the next billion-dollar startup".
I told him I would give him 10 rupees (USD 0.10) for 0.000000001% percent of his "pass me the butter at the diner table" company.
He accepted. Thus, his "heritage protein logistics startup" had an series-A valuation of a billion American dollars!
Hopefully he will stay in college now.

#Happy_Rant

Seeing BYJU's and WhiteHat Jr losing millions in valuation makes me happy, as it was something I had predicted (Im not flexing btw).

The whole business model is dumb, teaching CHILDREN coding and teaching them how to make `apps` via online learning.

Students study Comp Sci for literal years before they even begin coding something useful, and even then there are so many professional developers walking around who barely understand the code that they write.

It's just natural selection at this point.

how the fuck are these companies making $1M MONTHLY for a FUCKING "BUSINESS" CHAT APP

I DONT EVEN KNOW WHAT THAT IS

god i need to halve my IQ and just become an idiot, seems to make much more money, and is way less stress

Why you would sell your company to Microsoft too!

1. Your company is so succesful， the valuation is so high， only a handful of companies could buy it.

2. Running a company takes a shit load of energy， and most normal people hope to relax at one point in their life.

3. People at the head of major international companies are not normal humans. They like do over work and they have one goal. Be number 1.

So good successful people sell to evil and more succesful people.

And when i say evil， i really just mean that being number 1 is more important than ethics.

Edit: spelling.

Happy that Facebook “lost” 230 billion in valuation (got off that toxic platform years ago as well as Instagram). Should I stop using React Native as well?

So IBM finally jettisoned the cancer that was Virginia Rometty a few weeks back. They had an opportunity to move fresh blood and solid managerial background into the top slot with Jim Whitehurst (Redhat) and try and recover their flagging market share and do some sane business strategy. They passed on that opportunity and instead appointed the old guard bootlicker who overpaid for Redhat to the tune of 20x what it was worth, and signalled their intent to continue staying the course of the Titanic and it's slow inevitable trek towards the bottom of the ocean. The board wants a yes man, and they got one.

This is basically what I assumed would happen, but I have some other predications as well:

- Whitehurst will leave to a better company
- the redhatters that haven't already left will be replaced with commodity labor
- Redhat will be the least stable Linux offering 2 years after the last hatter leaves
- they will sell off most of their existing software assets to HCL/ similar consulting partners like they did with domino and websphere to stem the bleed
- the displaced in that move will either quit or be replaced
- their cloud initiative will collapse under the weight of its own stagnation and glacial pace of development
- they will attempt to salve these wounds by moving focus to global services, reducing profit loss by cutting salary costs, further diluting their eroding ability to innovate
- they'll buy at least one other trendy software company at ridiculous valuation, and sell it off within 2 years at a massive loss
- the CEO slot will start to resemble the late Roman empire with a new CEO every other week
- Redhat assets will be sold to Google inside of 5 years

Last prediction: I will be overjoyed being able to witness the death of IBM in my lifetime. Fuck them 🍻

- went to the store
- get shot
- call 911
- cops arrive before er
- they're suspicious bc you're black
- ask for your license and registration
- you reach for your pocket to get your driver's license
- "he's reaching!", they say as they mag dump into you
- you die
- your family can't afford funeral while m$ valuation goes from 3 trillion dollars to 4 trillion dollars
- murica!

My company has a board on Blind (semi-anonymous social network for corporate employees). We're a startup and have had two layoffs in the past two years, with very few pay increases.

I voiced my thoughts about the future of the company. We're pulling in a lot of revenue (millions a month) but still have a crazy amount of costs.

Someone responded that a bunch of our revenue ops people left for other companies. Another person replied the director that left had a good opportunity, thought we'd get another round of funding and that the company has had some purchase offers (with valuation being the big sticking point).

If it's true, it should feel like some job security. I can't help but also wonder if anon is lying so people purchase more of their stock options to generate more runway.

"Are you sure you want to commit a billion dollar valuation to finish an MVP?"

*Shows only mockups and has a deadline of less than a month*

No thanks. I don't think this company will ever survive

Estimating a 1 day change as 4 weeks when the scrummaster, product owner & BA haven't bothered to run the simplest dilligence check and can't be arsed to even give a quantitative valuation.

Once apon a time, I did this as valuation exam for my current job.

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