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Dadbod Apocalypse posted:yep. once the sec stirs from its ancient slumber and casts its gaze on you, hold onto your rear end. my favorite SEC story, not like i got a lot of em, is the time a business called sand hill exchange was in its infancy. the business idea was simple: a fantasy stock market for companies that were expeceted to go public but had not yet. they had a bunch of beta testers using the platform. it was like a casino game for market and tech nerds. a fantasy^2 stock market for stocks that weren't even listed yet the reason why the SEC bankrupted them is also simple: bitcoin. they decided to allocate bitcoin to their userbase adn back their transactions with them. this immediatly turned their beta testing exercise into an unlicsensed casino i wish i could find it now, but when one of the owners found out he was eing investigated by teh SEC he published a "user traffic analytics" blog post detailing how 50% of their traffic was coming from men in their 40's to 60's using internet explorer and blackberries accessing the internet from the SEC server
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Aug 17, 2018 03:12
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that was so wonderful
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Aug 17, 2018 03:13
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Dadbod Apocalypse posted:yep. once the sec stirs from its ancient slumber and casts its gaze on you, hold onto your rear end. the SEC is like the IRS in that its actually mean as poo poo, its just that theyre underfunded and understaffed
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Aug 17, 2018 03:16
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they are essential to global finance capital so they get to do work vs outsiders that rock the morgan/goldman boat
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Aug 17, 2018 03:19
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UCS Hellmaker posted:Lmfao how in God's name did this pass any regulatory agency. Let alone the design board Hey man we're edgy tech disrupters out to shake up the tired status quo of the industry; we don't bother with quaint, outmoded conventions like "safety features" or "passing regulatory muster" or "giving even a moment's loving thought to anything at all!"
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Aug 17, 2018 03:24
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Captain_Maclaine posted:Hey man we're edgy tech disrupters out to shake up the tired status quo of the industry; we don't bother with quaint, outmoded conventions like "safety features" or "passing regulatory muster" or "giving even a moment's loving thought to anything at all!" move fast and break people
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Aug 17, 2018 03:29
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Agean90 posted:the SEC is like the IRS in that its actually mean as poo poo, its just that theyre underfunded and understaffed And those two things are related
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Aug 17, 2018 03:29
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Al! posted:move fast and hey al noticed autocorrect hosed up your post your welcome
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Aug 17, 2018 03:41
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Hedenius posted:Dahir Insaat is insane and funny. The Boring Company is like all tech poo poo. Take something that exists and change it to make some private company money instead of being a public good. Or just be impossible like Uber’s flying robot taxis. SV tech bros have deluded themselves into thinking they through their own brilliance and genius changed some stuff so they can obviously do that in any industry because the secret sauce is them! In reality the accomplishment was to be the first to come up with use cases for some new technology. The technology made the changes inevitable - they are essentially just implementing it. It's like when the steam engine was invented. Some guy figured out how to hook it up to a saw which ~¤disrupted¤~ the timber business. Them some guy put wheels on one which ~¤altered the transport paradigm¤~. Another connected one to a pump which ~¤revolutionzed the water space¤~. And so on. Well poo poo guys look at all the disruption only through our will and big smarts! Then they set out to reinvent chemistry, roads and juicers.
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Aug 17, 2018 03:43
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Bates posted:SV tech bros have deluded themselves into thinking they through their own brilliance and genius changed some stuff so they can obviously do that in any industry because the secret sauce is them! In reality the accomplishment was to be the first to come up with use cases for some new technology. The technology made the changes inevitable - they are essentially just implementing it. sv techbros real blindness comes from bring convinced the software programming is the hardest part of any project. that's why they keep getting suckered into "blockchain" poo poo which promises to organize a market for X and then handwaves away how it will actually interact with the real world as minor details that will naturally be easily solved. they assume that because Musk had the idea of self driving electric cars with bad nerd jokes in the UI that the actual execution isn't really all that important because that's the boring poo poo that happens all by itself.
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Aug 17, 2018 04:05
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If the sec doesn't punish people then capital suffers because it's there to punish people that gently caress with rich people money and exactly why it's the first time something matters
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Aug 17, 2018 04:16
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UCS Hellmaker posted:Lmfao how in God's name did this pass any regulatory agency. Let alone the design board I assume we're into some serious airbud territory here. Like why would they have a rule specifying that your car can't seal the exits and trap you inside of it in the event of an accident. The rule doesn't exist because no one could think of it. Who could expect that you would need that rule .
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Aug 17, 2018 04:16
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I would absolutely love to work for a fully funded SEC or CFPB enforcement office. when i worked predatory lending the only thing that made the job tolerable was arguing with sleazy salespeople and killing their deals for the most arbitrary and stupid reasons possible just so i could keep some dumbassed 19 year old off of a motorcycle that was going to cost him $600 a month in payments + insurance out of his $1,500 pre-tax income SEC would basically be arguing with the same low rent boiler room used vehicle sales people, but in penthouse offices where people wore suits instead of shut down ihops converted into salesfloors. shoulda paid me commission instead of an hourly rate, dumbasses cumshitter has issued a correction as of 04:27 on Aug 17, 2018 |
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Aug 17, 2018 04:25
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i found the door latch fta standards https://www.law.cornell.edu/cfr/text/49/571.206
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Aug 17, 2018 04:28
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here we go, boys https://twitter.com/NirajC/status/1030297174175834112
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Aug 17, 2018 04:37
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There's no way he's pulling a Rosanne defense. If he does, Tesla will pull an ABC defense and kill him off in the next season.
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Aug 17, 2018 04:39
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lmao
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Aug 17, 2018 04:39
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NY Times posted:Elon Musk Confronts a Fateful Tweet and an ‘Excruciating’ Year some good poo poo in this article https://www.nytimes.com/2018/08/16/...WT.nav=top-news AARP LARPer has issued a correction as of 04:43 on Aug 17, 2018 |
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Aug 17, 2018 04:40
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Powershift posted:There's no way he's pulling a Rosanne defense. no this is related to the gossip article that said the cover for the board forcing musk out was going to be 'exhaustion'
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Aug 17, 2018 04:40
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what a cuck
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Aug 17, 2018 04:40
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I hope he goes after perkins waitresses next
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Aug 17, 2018 04:41
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ambien making you do crime is the funniest 2018 joke of them all
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Aug 17, 2018 04:41
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Ambien is actually seriously bad news and it took my wife a bunch of pretty difficult months to break an addiction to it but lmao my wife also managed to avoid doing major crimes or racism while on it somehow!!!
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Aug 17, 2018 04:42
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what exactly is the point of drugs if not to do crimes
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Aug 17, 2018 04:42
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Shear Modulus posted:what exactly is the point of drugs if not to do crimes enduring one more day on this hell called earth
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Aug 17, 2018 04:43
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oh no that poor billionaire
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Aug 17, 2018 04:44
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Honestly it'd be better for Elon if he were high at the time of the $420 tweet so he could claim he didn't consciously intend to break the law
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Aug 17, 2018 04:44
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Shear Modulus posted:what exactly is the point of drugs if not to do grimes
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Aug 17, 2018 04:45
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quote:He decided to round up to $420 — a number that has become code for marijuana in counterculture lore. 
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Aug 17, 2018 04:46
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didnt somebody itt posit that he'd take a temporary board-enforced leave due to 'exhaustion' that would become perma goddamn taht was nostradamus as gently caress. rolled out quick too
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Aug 17, 2018 04:47
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nytimes going full  for this billionaire freak
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Aug 17, 2018 04:48
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Jonny 290 posted:didnt somebody itt posit that he'd take a temporary board-enforced leave due to 'exhaustion' that would become perma it's from that blog that rats out the sexfreaks. playing right to the script so far
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Aug 17, 2018 04:48
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Emanuel Collective posted:Honestly it'd be better for Elon if he were high at the time of the $420 tweet so he could claim he didn't consciously intend to break the law I thought you couldn't use that defence if you deliberately took the drugs?
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Aug 17, 2018 04:49
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bring back old gbs posted:Nice, never saw this CDAN post: here we go
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Aug 17, 2018 04:49
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Every quote from this article is gold:quote:He blamed short-sellers — investors who bet that Tesla’s shares will lose value — for much of his stress. He said he was bracing for “at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla’s destruction.” quote:Mr. Musk said he had no plans to relinquish his dual roles as chairman and chief executive.
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Aug 17, 2018 04:50
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Yeah cops are very nice and understanding if for instance you drink or do drugs then hit someone with your car because you didn't mean to hit them
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Aug 17, 2018 04:50
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Stefan Prodan posted:Yeah cops are very nice and understanding if for instance you drink or do drugs then hit someone with your car because you didn't mean to hit them um hes rich
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Aug 17, 2018 04:51
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Sheng-Ji Yang posted:nytimes going full Oh dear, is there a gofundme for the poor man? 
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Aug 17, 2018 04:51
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Bip Roberts posted:um hes rich He hosed with the money
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Aug 17, 2018 04:52
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Don't blame it on the sunshine Don't blame it on the moonlight Don't blame it on the good times Blame it on light rain Your car has dissolved
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Aug 17, 2018 04:52
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