Well she doesn't have the 500k. This is akin to saying we should force people out if market conditions make their house more expensive. That seems like a really strange consequence to all this, idk
If you replace "jury" with "judge" then their (excellent) point stands with no other modifications.
Is your point merely that they accidentally used the wrong word here? This strikes me as one of those shallow dismissals that the HN guidelines (wisely) caution against:
Is it possible the next administration sues to break them up? Couldn't they also just launch endless investigations of the owners until they spun it off into its own thing
The next administration absolutely could, but that would require them to care more about about the well-being of the country than they do about themselves and the bribes and favors they could rake in if they don't.
That's seems to be the fatal flaw in our system. Congress, the FTC, and the president need to willing to put the interests of the nation above the interests of corporations. Maybe I'll live to see that happen, but a lot of people have died waiting for it (https://upload.wikimedia.org/wikipedia/commons/e/e5/The_Boss...) and it gets less likely all the time.
$111 billion sheds a lot of gratuity as it moves from one place to another.
The "big deal" is what it does for the shareholders in black & white.
A number of those very major shareholding individuals who have the most to gain have been pushing for a deal forever, and naturally all the retail investors will be entitled to go along for the ride.
But probably a greater number of insiders who are pushing for the deal are not that major of a shareholder or even shareholders at all. Corporate employees who are higher-ups and in accessory corporations like banks and consultants within range, can often be subject to bonuses and commissions anyway which can motivate them en masse much more so than whether they had any nominal amount in their retail portfolio or not. There might even be a legislator or two who stands to gain somewhere along the line, sooner or later.
The number of people who are going to get rich without having to have been opportune shareholders can really make the difference.
The big shareholders were already rich or were going to get richer anyway.
That's probably what the extra $11 billion is for, for everybody else close to the deal, and that's even more incentive for them to expedite.
You can only imagine that one guy negotiated an extra 10% more than a $100 billion deal was worth, especially since the buyers could easily afford it. But then gets 10% of that so he gets a billion, bringing the final total to $111 billion so no other numbers need to be adjusted ;)
Hypothetically California could have done something to prevent the merger. Then they [Paramount] leave California, as threatened, and then complete the merger.
The Federal government is the entity which needs to be the enforcer of antitrust. Otherwise major companies like these WILL pick and and leave the state blocking them. It's a 111 billion deal - this is worth moving states for the parties involved.
Okay. They should have called the bluff. It'd be better if the federal government did this, but that's not the world we live in right now.
Here's the issue: nothing stops them from leaving the state anyway after the deal is made. The concessions lack any weight. California folded potentially for nothing.
There is already a deep recession in the creative industry in LA, film jobs are down by a third since 2022. They’re not negotiating from a position of strength
I'm aware. There's a lot of FUD around this industry and a large corporation leaving wouldn't help.
At the same time, this promise to "support labor" falls flat when they have been actively combatting with it for recent years. Their words ring hollow.
And if we're being realistic: this is mostly Newsom trying to cover his tracks and look "strong" for 2028.
They did, but first they rebranded them as Max, thus destroying the incredible name value of HBO. It was renamed back to HBO as part of the spinout IIRC.
My favorite part of that story is that McKinsey both advised WarnerBros Discovery to make that change, and then advised them to change it back, making millions each time. I wish I made that much money being bad at my job.
McKinsey and other management consultants exist to launder decisions made by upper management that management do not want to face consequences for. "It's not my fault, the consultants advised me that was the best option"
Society is already buying in the "AI did it" framing. See the latest 'jailbreaks' at openai and anthropic. They said "oh dear, look what our AI did, somebody needs to do something why don't we have regulations yet".
They will increasingly rely on increasingly good AI and in the process the mistakes will inevitably not be made by humans.
My joke referred to having someone to blame in general.
I cant help but tell stories, sorry... I got a new job once, an inspection happened, same things were wrong as the previous 3 inspections but this time the other employees blamed me for everything. I greedily took the blame. I wish I had pictures of the faces they made.
You can replace low and maybe mid skill employees with software but it’s the high end ones consultants or CEO that are great at their jobs with good software can be orders of magnitude more efficient.
You misunderstand their job. They get paid millions to carefully construct a report that supports whatever stupid plan the coke-fueled execs came up with.
They are also functionally both a way for certain well-connected shareholders to exert disproportionate influence and a placating propaganda machine for the shareholders who aren't
Grease on the very corroded wheel of modern capitalism
Having worked in data center HVAC for a while I can confidently say you would only expect this noise from a pump room. Not even the air handlers or evaporators on the roof will be this loud
Common misconception, this only affects debt that is locked in with long-term notes like the 10 year. A significant amount of debt is short term and refinances continuously, so the 10 year would go sky high if inflation climbs as investors demand a higher premium to invest with the treasury. So it doesn't evade all debt unfortunately
I'm loving the tit for tat cost charts these guys are doing. Just a few days ago it looked like OpenAI ruled the cost pareto frontier. Not even a week later and Anthropic is taking the charts again. See you guys same time next week?
It can't be unlimited because you can spawn parallel streams.
Anyway I think if you have a single stream of a cheap model, like GPT 6 Luna, I don't think you can currently exhaust it in a week on a $200 plan. I mean it only puts out so many tokens per second.
Unlimited but account-level throttled tps (more parallel streams means more throttling across all) is OK IMO, as long as it isn't too crazy. The thing that makes subscriptions really suck is having to watch the quotas, because prompt cache maintenance.
This would be like Boeing refusing to let the DoD fly a military 737 at over 800MPH, and they designate them a supply chain risk because they really really want to make the plane go past 800MPH.
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