this post was submitted on 22 May 2026
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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[–] Flax_vert@feddit.uk 18 points 4 weeks ago (2 children)
[–] MisterD@lemmy.ca 18 points 4 weeks ago (2 children)

If this doesn't, China flooding the market will memory chips will.

[–] Flax_vert@feddit.uk 11 points 4 weeks ago

China please 🥺🙏

[–] lurker@awful.systems 6 points 3 weeks ago

Honestly go China im sick of this shit

[–] Soyweiser@awful.systems 2 points 3 weeks ago (1 children)

Has anything popped the bitcoin bubble?

[–] Flax_vert@feddit.uk 3 points 3 weeks ago

It's popped a few times before

[–] CinnasVerses@awful.systems 17 points 4 weeks ago

If the global economy collapses over the Gulf War, watching Sam Altman do a Wile E. Coyote in mid-air will keep me amused on the bread line.

Seen elsewhere: "Is Stripe the Most Anticipated IPO Since Coinbase?"

[–] V0ldek@awful.systems 16 points 4 weeks ago (5 children)

Adjusted operating income margin was -122% in the first quarter … That means that for every dollar of revenue the company generated, it lost $1.22

This is so confusing. So is it -122% or is it -22%? Cause -122% should mean that for each dollar gained they lose 2.22 because that's how percentages work, no?

[–] V0ldek@awful.systems 7 points 4 weeks ago

The lower of those numbers is obviously fake. The other is "okay, I guess they're doing better than I expected, but at least it's plausible"

[–] froztbyte@awful.systems 3 points 4 weeks ago

the “margin” is load bearing; formula here is operating income divided by revenue

[–] dgerard@awful.systems 2 points 4 weeks ago

I have no idea and I wonder if The Information does either.

[–] CinnasVerses@awful.systems 2 points 4 weeks ago

I am not a CPA but I think that means "they spend $2.22 to make another $1.00"

[–] foudinfo@jlai.lu 1 points 4 weeks ago (1 children)

I'm not sure I understand how you calculated this.

2.22 Would be -222%

50% of 1 can be calculated like 1 x 50 / 100 or simply 1 x 0.5

Same for 122% 1 x 1.22 = 1.22

[–] V0ldek@awful.systems 6 points 4 weeks ago

If you spend $1.22 for every $1.00 gained, then your operating income is $-0.22. So your income is -22% of your revenue.

Calculating like you do would mean that a -100% operating income margin means you break even, and that's kinda silly. What would a positive margin mean?