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Some media companies had them before the 1980s. New York Times issued dual class in 1969 so that the owning family maintained editorial control.

Berkshire Hathaway is possibly the most famous from the 80s/90s. The class A shares are significantly more expensive and proportionately even more powerful than the class B shares. The lower price version was important back when physical exchanges didn’t support fractional shares as they do today.

BS check: $8T is $1000 per person on this planet. A healthy P/E ratio of 25 would translate to earning $40/year in profit from every person on the planet. SpaceX/Starlink obviously doesn’t just walk in and get everyone as a customer though. They have roughly 10 million customers right now. Let’s be generous and say they have 20 million. That $8T works out at $400K per customer valuation which at a 50 P/E would mean $8K/year/customer profit per customer or $666/month/customer profit. Those are generous numbers. Scaling back to 10 million customers and 25 P/E would require $2666/month/customer in profit to get to $8T valuation. For Internet service?

Most businesses don’t grow just by churning out more units of software. At some point, it doesn’t matter how quickly you can churn out features if you’re not solving customer problems and convincing customers that they should pay for those solutions.

Once software becomes cheap, the bottleneck to growth shift to product design, infrastructure/manufacturing, sales and support.

So why not license the shape then?

Because - until it makes its way through the courts - it’s not established that Fender has the rights to claim ownership of on the shape in the first place.

In the US, there’s three routes for that - design patent, trade dress and artistic copyright. AFAIK they don’t have a design patent. Trade dress is hard to prove association - would most people on the street say “yep, that’s 100% a Stratocaster” if they say the outline? Probably not. The shape isn’t separate from the functionality so artistic copyright hasn’t upheld either. The fact that Fender has not successfully enforced copyright concerns for over 70 years is also a sign that they never had IP protection on the shape.

Interesting yes.

Money wouldn’t just be diverted from other US stocks though.

Foreign money has increasing buying power as USD weakens against certain currencies and the upside of these IPOs is certainly more attractive to global investors than parking money is lack luster real-estate or bond or cash alternatives.

TINA (to US stock market) and all that.

Wow… at 1.5% annual return wouldn’t they be better off just renting those assets (aircraft) to other airlines?!

I should have said most home users. My point is that more bandwidth at this point probably won’t affect 99.999% of home users.

What’s described in the post is the tech equivalent of supe-ing up a sports car and then driving it in rush hour traffic. It’s fun to geek out doing it, but practically in everyday use the difference will be negligible. Even with large file uploads and downloads, there’s a good chance that services won’t reach those throughputs end to end.

What’s telling is that the post shows screenshots and charts from artificial speed tests. No videos of the Dropbox client chugging away with throttled uploads.

Yeah, exactly. The NFL is a closed system franchise. The same 32 teams play every season whether they win or lose. No team risks relegation to a lower revenue league. Every team gets a roughly equal share of the franchise revenue regardless of performance.

It’s the classic asymmetric warfare problem:

Defenders have to find all the holes in all their systems, while attackers just need to find one hole in one system.

Urea prices 4 months ago

One of those is an absolute value (urea $) and one is a rate of change (food price inflation). Maybe I’m being dumb, but why are they tracking almost 1:1, both with linear Y axis?

I can compare Urea $ to Crude Oil $ and get an even closer 5 year correlation. Are we actually indexing against something else here?

Edit: that is, perhaps urea prices are driven mostly by energy costs, which in turn drives inflation rates.

Pedantic: the axioms of Boolean algebra don’t assign any natural numbers to the elements “top” and “bottom” of the set it operates on. The notation is usually “1” and “0” but it doesn’t have to be. It’s a convenience that many computer languages have named those elements “true” and “false”, and yes, it’s totally valid that in some representations, top = 0 = true and bottom = 1 = false.

Nutrition too. Not to paint everyone in the construction industry with the same brush, but there’s often a lot of cheap, high calorie, fast food and sugary drinks on site and in work trucks. This is manageable for younger workers, but by a certain age, the job responsibilities become less physically demanding, the metabolism slows down, and the eating habits remain.

By keeping the whole thing on earth we can also reclaim the gold, copper, and rare earth metals when it’s financially viable to do so, rather than just letting them burn up on reentry.