“Uber has no hope of expanding its transport services beyond taxis. Uber’s
costs are higher than traditional cab operators, and nothing in Uber’s
IPO prospectus offers any clue as
to how it could ever reduce its costs to the point where they became competitive
with mass transit or private cars.”
Hubert Horan ,
Uber’s Path of Destruction
(American Affairs Journal ,
May 2019 )
posted 2/20/2020 8:18pm ∞
“Roosevelt and his advisers never had a master plan. Rather, in the
administration’s first 100 days, they implemented a flurry of laws and
regulations. If those programs worked, they remained. If they didn’t, they
were dropped, to be replaced by others.”
Lizabeth Cohen ,
The Lessons of the Great Depression
(The Atlantic ,
May 2020 )
posted 3/25/2021 8:53pm ∞
“Ironically, the Times reports that Crossover’s own employees so resented the
company’s intrusive monitoring of them (as they created and sold intrusive
monitoring tools) that Crossover hemorrhaged employees and struggled to hire
replacements. Eventually, Crossover had to turn off its most intrusive features
so that it could keep the employees needed to make and sell its bossware
product.”
posted 12/17/2022 3:19pm ∞
“They didn’t give a shit about journalism; they just wanted prime real estate
that they could develop. And news organizations had it in the form of buildings
in the middle of town. So financiers squeezed the news orgs until there was no
money to be squeezed and then they hung them out to dry.”
posted 12/7/2022 8:28pm ∞
“For all the grandiose talk about The Light Of Consciousness and The Future Of
Humanity that has come out of Silicon Valley during its ascent, what it has
delivered has mostly been spectacularly useless, lifeless, and anti-human. In
this sense, it reflects its owners perfectly.”
David Roth ,
Everything Is Silicon Valley Now
(Defector ,
November 14, 2022 ,
via Nick Heer )
posted 11/21/2022 8:00pm ∞