We're falling for this (shit), again:

--Altman, CEO of OpenAI calls for US to regulate artificial intelligence (BBC) May '23
--Zuckerberg, We need a more active role for governments and regulators Oct. '20
--Facebook COO Sandberg calls for government regulation (CNN) June '19 /2
--Google CEO Pichai "Companies such as ours cannot just build promising new technology and let market forces decide how it will be used.” June '20
--Twitter CEO Dorsey "Generally, I think regulation is a good thing." April '19

Sharp Relief: Thoughts on #SVB

Disclosure: I’m directly or indirectly involved with several firms who had/have funds at SVB. None are impaired, or facing liquidity issues due to failure.

What happens (conjecture):

/1 –I believe, Monday/imminently, a deal to acquire SVB’s assets, with limited backstopping/support by the government, is announced. Deposits will be backed/guaranteed by acquirer.

/2

“I killed MySpace.”
“No shit? I’m killing @twitter.” h/t @georgehahn

@elonmusk Numbskull … better than pedo.

So, we own a Tesla (Falcon Model X) and love it. Great car, great company & hard to overestimate the impact you, and your team, have had on the world. I've called you a genius before.

1/x @elonmusk However, I don’t believe (and I don't think you do either) that Tesla is worth more than:

Toyota
Daimler
Volkswagen
BMW
GM
Ford
Fiat-Chrysler
Tata
Honda
Ferrari
Hyundai
Boeing
Airbus
American Air
Delta
Southwest
JetBlue

Combined...

Grrrrr

https://twitter.com/pivotpod/status/1425144939508379650

The little league team he coaches coaches in that cap (i.e., Kalorama Barristers)is 2 and 8. 4 wins,,,tops.

Had to be said.

If you work at HQ, we have your back. If you're a driver or customer...thoughts and prayers.

businessinsider.com/uber-mandating… Tell me you're running for Governor of Florida, without telling me you're running for Governor of Florida

Tonight's #SNL has everything:
- midgets
- billionaires
- market manipulation #doge Sketch suggestion: billionaire calls a life-saving diver a pedo

Once we idolized astronauts & civil rights leaders who inspired hope and empathy. Now we worship tech innovators that create billions and move financial markets. #nomercynomalice #SNL Zuck's empire has been disarticulated—a new king will seize the Iron Throne. Behold the Launcher of Dragons, Borer of Tunnels & Father of X Æ A-Xii. The coronation will take place before a live studio audience, with Tesla long bots and adoring CNBC personalities.

Thread of the @RealTimers panel w/ @billmaher @larrywilmore @HBO 3/12/2021

1/ Capitalism is the best system of its kind. We need to bail out people, not companies 2/ We need to break up big tech

The top 10%, not to mention the top 1%, are living their best lives

5 companies (Amazon, Apple, Google, Facebook & Microsoft) make up 21% of the S&P500 (24% in Jan 2021)

(my stat about 7 companies = 51% is incorrect, misread a chart)

What happened here (i.e., GMS)?

--It's about sex...
--Specifically, young men not having (enough) sex
--Sex leads to relationships, obligations and guardrails (don't get in fights, we need you. Don't gamble your paycheck, we need to save for a house) --A bored/angry young man is the most dangerous person in the world.
--When countries have unemployed young men, who are single, the likelihood that country goes to war escalates
--We have cut the share of wealth of young people in half in last 30 years (19% to 9%)

👨🏻‍🏫👩🏽‍💻 Teaching is moving to online. Some tips from me:

1. When teaching via live video/Zoom, most important, you have to over-animate. Gestures are always good in public speaking — doubly so when teaching online. Voice, motions, intonation — amp everything up. 2. Lighting & sound — worth investing in some equipment (a ring light). Overhead lighting doesn’t look great. Have a clean background, your face at a good, straight angle. If you’re teaching a big class (>200 ppl) have someone w/you to handle tech real-time if you can.

1/ This is a great day for @twitter shareholders and the commonwealth.

"Twitter, Inc. Announces Partnership With Silver Lake and Elliott Management"

Ok, let's break this (announcement from @twitter) down:

prn.to/2TUVzII 2/

--Sycophants and stenographers (i.e., @CNBC) gathered at 10 Downing reporting that Prime Minister Dorsey has secured "Peace in our Time." Striking how badly the media (thus far) have misread what has happened here.

Here we go! Live tweeting the @PBS @frontlinePBS documentary on Amazon, "Amazon Empire" #frontlinePBS — watch at pbs.org/wgbh/frontline… "Big things start small" — can't deny it, Bezos has long-term vision & a gift for storytelling. #frontlinePBS

The holidays are a good time to reconnect w/ people who’ve helped you get where you are. Find your senior year English teacher, say you appreciate her patience. Write to your last boss. You won’t be giving up anything. Gratitude feels good both to receive & to give. Especially if you feel lonely, go thru your contacts, write to a bunch of people, say thank you for one thing, or just that you hope they’re enjoying the holidays.

It can be hard, esp for men, to reach out w/o a specific goal. The goal is continued connection & appreciation.

Yes, we do want Facebook to be an arbiter of truth vs lies, that’s been the standard of news for decades. It’s part of the responsibility of spreading news.

44% of Republicans believe Hillary Clinton ran a children’s prostitution ring, mostly because of “news” shared on FB.

https://twitter.com/Austen/status/1188294195221450752

But distinguishing btw truth & falsehood is the wrong faming of the problem. The deeper issues are:
1) lies are much more contagious when shared by friends and family — we have strong subconscious motivation to agree with our tribe (@jonhaidt).

You haven’t even begun to see the anger that will be unleashed on Adam Neumann. He has 15,000 people right now who are stuck cleaning up. They feel like circus clowns shovelling the shit. He has taken $750M & left a toxic waste cleanup.

interview @nymag
nymag.com/intelligencer/… Adam Neumann came in, smoked his own supply, and walked out with three-quarters of a billion dollars about the time that people in hazmat suits showed up.

1/

More news from WeWTF today.

i) Adam’s shares reduced from 20x to 10x voting power; ii) The board can now remove him; and iii) @Softbank to purchase $750mm in shares at IPO.

OK,,,so
on.wsj.com/2lN8NtV @SoftBank 2/

i) Adam/board have acknowledged that Dear Leader is now only 10x (vs. 20x) as smart as the other owners/suckers/shareholders re decisions impacting everyone 1:1.

1/ Bezos/AMI: Reactions & Predictions

--Winner, Bezos. Bullied. Turned and kicked bully in nuts. His status/cred/goodwill increases. Media will be cavalry as there is (generally) goodwill toward him. He has stood watch over national treasure--WaPo 2/
--Loser,,, AMI. They went out of business tonight, just don't know it yet. This echoes of Thiel vs. Gawker, and will have similar outcome.