This was the only point I disagreed with the author on. They used metabase, a tool for their internal employees to manage the business and review their data. It's not some crazy 3rd party marketing tool or something, it's an internal BI tool that had a zero day. More zero days are coming.
I'm not? It drowns out any competition and all we are left with is a single company with a monopoly that speed runs enshitification where consumers lose.
This can briefly happen, but until VCs run out of money we’ll get competitors about as soon as the enshittification starts. Well, at least in theory, regulatory caprure is a thing, so it doesn’t always work out.
This also doesn’t work when there’s network effects at play. I believe this is why Grab (Southeast Asian Uber/UberEats) is adding social features like a whole fucking messenger into the app. Didn’t help: Bolt has launched there as well and is often cheaper and faster so I usually check both.
(Now, Grab is publicly traded, and maybe it’s profitable, which would undermine my whole argument. But I’m still getting cheap transportation and discounted food. Maybe they externalize the costs somewhere else which indeed also sucks.)
I guess tangentially related, if you do insider trading but do it poorly is it still a crime? I feel that if the answer is yes then your explanation about how the timing was bad isn't super relevant.
Last time Coinbase had a breach I wrote in to support chat to see what I needed to do. They said there was no breach. I sent them a link to their own blogpost about it. They responded with "wow this is the fist time I'm hearing about this."
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