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Labor participation rates are historically low

The problem is compounded by the fact that students do not get to choose who their loan servicer is and thus a few servicers like Navient have a government approved monopoly on that business. Can look up many reports on their incompetence and misleading information that funnels students into repayment plans that maximize their own revenue.

Highly doubt it. All the employees who came forward were jr customer service agents. Would anyone actually believe that board members would even know who they were, track them individually down and know why they left the company?

A lot of people travel and need luggage as well. I’m not suggesting Away would ever be worth anything close to Nike but is it realistic to think it could be worth several billion? Sure.

You realize Lululemon makes yoga pants and has a valuation of $30B right?

And Nike makes shoes and has a valuation of $150B?

You don’t need to be a “tech” company to build something worth billions.

do you not think the reporter put that in the story to induce you as the reader to have this very reaction?

i think her actions were wrong, but i also think this setup at the beginning of the story has nothing to do with the actual issue at all and was meant to turn readers on the CEO from the get go before you had even read anything about what she had actually done.

The reality is that many successful high profile founders, including Gates/Zuckerberg/Spiegel came from wealthy backgrounds. It speaks more to the power of a strong social safety net when it comes to entrepreneurship than anything else, but shouldn’t by itself make you hate someone.

I don’t really understand why people say a tax on owned capital is so far fetched when we are all okay with property taxes which is literally a wealth tax on a subset of owned capital. The only difference is that property taxes are regressive and not progressive

A middle of the road developer can make all of those things. You don’t need a 10x ninja in SF who demands 500k/year to do that. Highly doubt Schwab has really been competing on salary in SF for tech roles as is.

Schwab isn’t exactly competing for the “tech” talent pool so there isn’t anything particularly special about staying in SF vs elsewhere for them.

It’s pretty disappointing. Their share price has been completely flat since IPO. I’m surprised shareholders have not revolted against Jack being a part time CEO. Clearly there needs to be some dedicated focus to clean up the app. So much potential to be so much better.

Not sure what you mean by “super placebo”? Doesn’t seem right at all. The reason why these drugs are more effective in combination with therapy is because they, speaking from personal experience, “unlock” your mind in a way that can be conducive to objective self-examination.

It might not be for that specific reason but there is a secret security check nonetheless

LAX international terminal tip: there’s a “secret” security check entrance on the baggage claim level meant for people who are connecting (and therefore needing to pick up bags) but they will let anyone use it. The regular security line can be huge and no TSA pre-check for most int’l flights.

Not really following your logic. Why do you care as a customer if there’s variation in KYC requirements from vendor to vendor?

Also not sure why this makes handling ID information “safer.” The vendor using this service still has access to all the images (ID and selfie) and data returned to them from this API that they can store a copy of on their own servers forever. This is not like your Stripe analogy where you only get the token and not the actual card number.

You act like that doesn’t happen here...I just read a story in the LA times on how organs are being harvested from the recently deceased before a proper investigation can take place

It’s understandable it’s a touchy subject. Why piss off China if you don’t have to? Only something to lose and nothing to gain.

Also this story of a Chinese Stanford professor/investor’s “suicide” last year is quite the story. There’s a potential safety issue here too. https://www.forbes.com/sites/arthurherman/2018/12/13/a-death...

AirBNB is though if their operation there is anything less than a constant fire I would be surprised.

Their stock has been decimated. Tempted to still short it at this price. Very clear it’s not much more than a feature that has quickly been commoditized.

Generally these coupon sites all make money the exact same way - through affiliate programs that pay them some % of the purchase price for referring a customer to their site.

Honey shares the savings with the customer.

I really want to try DMT but terrified to do that without professional help nearby e.g. on an Ayahuasca retreat.

I have experienced both LSD and shrooms but have heard DMT is on another level.

That might be one of the best exits you could hope for as a founder or startup employee. Very little money raised to get to that valuation.

I live in San Francisco, so I’m comparing my experience living and working in the city to LA, not Silicon Valley.

Well unsure about other minority groups but at least with LBGT communities the biggest are specifically in urban coastal cities. San Francisco is smaller than, say, San Antonio or Columbus but obviously has a much higher % of LGBT residents and more gay culture.

I feel like the decision is very different if you’re gay (speaking as a gay male). Urban centers are pretty much the only places with gay culture, and the idea of moving outside of one of those centers is hard to imagine. It’s tough because I also want the lower cost of living of living away from SF/LA/NY but feel like it would be especially lonely to move to a small or even mid-sized city that has a small or non-existent gay scene.

I’ve done the math and not really sure how LA is more affordable than SF if you factor in time value of money (things spread apart = commuting) and cost of keeping a car.

Also as a single person housing is flexible for most. If you rent a room in a house in SF (most apartments are houses) you’d most likely be spending less than if you rented a 1 bedroom in LA.

Because that’s literally the job of a compliance person? They have access to Google, you know, and all your personal identity information.

Usually when there’s no reason provided it’s because an account tripped some anti money laundering rule(s). Someone in a compliance team then reviews the account and makes a determination.

By US law you can’t tell the customer that you’re closing their account because you thought it was “suspicious.” You just do it and then submit a Suspicious Activity Report (SAR) to FinCEN.

I can see how a high net worth individual could have account activity that looks like money laundering, but given his long history with the bank would be surprised if this decision was made automatically or by some junior analyst. It must have been escalated to someone senior, and they must have known who he was and still made the decision.

I’m surprised this article is so upvoted.

1. The author took this nearly word for word from Thiel/Eric Weinstein, who have both discussed this point extensively, most recently on Weinstein’s podcast.

2. The author is using this click bait headline to discuss his own industry/company, and this looks like some content marketing piece.

What would happen if you transferred your student debt to a credit card and then declared bankruptcy?

Why would you assume adult workers don’t care about Bitcoin? I follow “crypto twitter” a bit and there are certainly a decent number of adult workers that are interested in it. Most understand the benefits for an industry that is in a legal gray area.

Building your own PayPal is way harder than building a payout mechanism for Bitcoin.