I don't think this way at all. RSU (for public companies) is real, tangible money. Sure, there is some amount of risk involved with it, but it is WAY more tangible than options than can just be diluted if the person with the cap table is feeling ornery that day. The key that makes RSU's real money is their immediate liquidity on award, so you can literally just treat them as cash compensation in this regard if you decide not to hold them.
When you work at BigCorp for an extended period of time, your salary often ends up being majority by RSU as the vest rolls start to stack up
Yeah, agreed. It was options I always thought of as a "nice bonus", but RSUs I always thought of like cash.
The tax situation around options also makes for many more variables in the risk calculation (i.e. do I exercise as soon as I vest to reduce potential AMT, but then I may need to find sizable cash to execute), while RSUs are just much simpler
This is not true. Most fast-growing private tech companies with valuations a fraction of OpenAIs switch from ISOs to RSUs because exercise costs start to become prohibitive.
Of course they aren’t liquid yet, but they’re still RSUs, and it’s much more common than OpenAIs profit shares structure
I work at ByteDance (though not for long). Most of the "sexy" part of the app is native, or C++ crossplatform for things that would normally be in C++. I'm not sure I'm allowed to share what Lynx is used on, but it's a small subset of the app.
I went to watch the podcast – he's heavily overplaying how much cross platform web dev is used on the native platforms. He doesn't seem to be in the biggest channels for both iOS and Android developers (the largest 'IOS'/'Android' release/global channels).
Native as in Swift/Objective C (iOS) or Kotlin/Java (Android). Probably 99% of the UI (and lower layers, outside of specialty cases!) is based in that. C++ is used for typical high performance cases; e.g. Video rendering (though there's more than that).
There's a lot of internal tools. I don't know what they're written in. I would not be surprised if it's Lynx, but I'm a mobile developer on the TikTok app, and haven't ever looked into it.
I haven't come across any WASM in my time here, but I'm not in a position to declare that it doesn't exist.
But this is about where the company is incorporated (Delaware), not about where it's headquartered. The article mentions that Meta headquarters is staying in California (at least, for now).
I didn’t say you need to follow the steps. But this is the standard playbook for Billionaires seeking political favors and tax incentives.
Incorporating somewhere can get you political favor, which in turn can get you tax incentives. If you’re planning to move your Hq (which is a multi year long effort), it definitely helps if you have the first two steps lined up.
Most people in the world are not American. We have differing retirement plans and invest in local markets, or all sorts of international markets. The NASDAQ is one of many.
Most people reading this will indeed have zero investment in Nvidia.
"One of many"... Nasdaq & Nyse have capitalization equivalent to pretty much the rest of the world.
Most people reading this, if they have any money in any stock exchange, they are directly or indirectly exposed to Nvidia, whether they like it or not.
Absolutely, but capitalisation does not necessarily reflect the quantity of individual investors.
If you're talking about the indirect impact of foreign stock markets on a local markets... Sure, I guess. But that's hardly in the spirit here. Any large company in many countries has an impact on markets local markets when they sway, but rarely in any significant way.
The majority of people on HN are not impacted in any meaningful way by Nvidia's stock price and have no direct (brokerage, retirement fund, etc) investment in them.
The assessments in further up comments that give context here are that we all either invest in Nvida unknowingly or have our employment/compensation tied to them. I highly doubt this is true for the majority of HN users.
Nvidia is buyable by many international retirement plans, and/or affects international companies. It’s really hard to not be invested indirectly in them right now, even internationally unless your country has restrictions
tech is a large component of the overall economy though, so like it or not, we're all attached to this. I'm not a banker investing into mortgage-backed-securities either, but the 2008 GFC still affected me.
it really doesn’t matter, if nvidia pops hard it would almost certainly take the rest of the market with it, just on the basis of that being such a bearish leading signal on the market enthusiasm for AI. Nvidia popping would mean the AI party is over and a gut blow to the tech market as a whole.
this isn’t to say a down quarter that’s 25% down or whatever would be fatal. Obviously it’s going to have to correct a little at some point etc. Or if everyone else is obviously doing fine and it’s some nvidia-specific thing. But if Jensen got on the phone and said they were down 75% in next quarter orders on the basis of secular market trends and expected further cancellations, the tech market as a whole would probably crumple.
Most of the gpus nvidia sells aren’t DGX, they’re going into dell or HP or supermicro servers. Even the ones that aren’t officially partnered benefit from this ecosystem momentum etc. AI buildout has sold a lot of computers, a lot of memory, a lot of racks and networking and optics and electrical, etc.
As what is still functionally the only company making money on gpgpu sales right now, and with them functionally being near-100% datacenter and related (automotive etc) they are a massive leading signal on where the market is headed. The next best one is like… powercolor (TUL Corp).
(and nvidia conveniently does break it out anyway, but a lot of companies like AMD tend to submerge it in another group to deliberately make the revenue difficult to break out.)
Rulers being on coinage was a later invention. The earliest coins used symbols for the issuing authority, for example the famous Athens owl tetradrachm.
A lot of the remainder of your comment about soldiers and being invented for war is rather speculative and needs sources.
Kroisos made the first gold and silver coins, who was from Lydia. There's a common misbelief that Lydia made the first coins which is simply false, even ignoring the east asian coinage there's earlier electrum pieces (with no design or simple geometric design as one would perhaps expect in a transition from simple bullion)
I wasn't aware of that, but still the linked article is only depicting and talking about the earlier electrum coinage, while saying "gold, silver" in the headline.
Not sure why this is on HN anyway ... a useless article with minimal information, and not news in any shape or form!
The article is terrible agreed. It actually happens to have a picture of the gold type (with the footer "Lycia coin - social media"). The pictures below that are electrum, however.
The majority of streamers aren't slinging slurs, though a lot of the more toxic people also happen to be the more popular streamers. Not sure twitch cares about being family friendly though, sure doesn't seem like it based on their normal moderation decisions
Yeah that's the impression I've always had of it. Which doesn't really fit with OP's insinuation that the only thing preventing it from being generally family friendly is the "camgirls."
Nothing about that quote indicates that waymo loses money on marginal rides, rather that it loses money in aggregate which is not particularly surprising considering low overall volume , r&d overhead of both head count and things like cars and facilities to store said cars
https://www.levels.fyi/blog/openai-compensation.html
Might change how you evaluate the value here.