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Joined 1 year ago
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Cake day: August 9th, 2023

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  • For reference here are inflation rates YOY since 2017:

    2017 2.10%

    2018 1.90%

    2019 2.30%

    2020 1.40%

    2021 7.00%

    2022 6.50%

    2023 3.40%

    Just to make up for the last three years of inflation they would need +16.9% instantly. Assuming +2% inflation over those 4 years (which is the average but not right now) that means from 2020 to 2028 inflation rose 26.3% so if they started a +25% increase over 4 years this year, the workers would have the same spending power they had in 2020.

    Data is from the bureau of labor statistics



  • I’m so tired of hearing this about America, we have one of the most diverse countries in the world. I understand the narrative that the media shows the world, the most horrendous of Americans (which are the smallest groups) get a totally disproportionate amount of media time because of their awful actions. A majority of the population tries to be decent human beings, of course bias exists subconsciously and people aren’t aware of it.

    I am in the SE region of the US, which everyone loves generalizing as the most ignorant and racist area. I have seen true racist when I was delivering pizzas and my coworkers were black, it was horrendous. I can assure you the racists are a minority and a shrinking one at that. Not only that but it is exceedingly rare that they are under 50 years. Not only both of those things but both millennials and gen Z call out that shit immediately.

    It really starts to wear on you when you actively try to fight these things and everyone still only sees your country as full of racists. Yes they exist but it is a shrinking minority.





  • I buy my meds from his online store that he set up solely to compete with the absurd pricing of pharmaceuticals in the us. Saving a good bit too. He also made millionaires of most of the employees from his first successful business before he was a billionaire. I hate billionaires and he has surely done some fucked up things, but Mark Cuban does seem to be cut from a different cloth. I definitely appreciate his pharmacy.


  • It’s honestly more that investing in a company that hasn’t been profitable for 20 years and has had the CEO admit they don’t know how to properly turn a profit doesn’t strike me as a good investment.

    I’m not saying you should get out, your money is your business of course but you may want to look at how other IPOs performed immediately after release. The ones I know of are CRSR(CORSAIR GAMING), OLPX(OLAPLEX), and RR(RICHTECH ROBOTICS). All three of these spiked dramatically up after the initial offering, then crashed to less than half the price of the initial offering ( except CRSR which is at offering price currently).

    Now these aren’t the same industries of course so things could differ but I would be surprised if it did. The selling of data for LLMs(AI) is very limited IMO mainly because the more AI generated content reddit has the worst the model will be for the LLMs and AI content is pretty high right now. RDDT just does not have good fundamentals for an investment, public sentiment is super low already and now viable alternatives are popping up like lemmy. I am also sure that now they are public reddit will only get shittier for the user leading to a lost base.

    I am not a financial advisor, this is just my opinion. I would personally get out relatively soon after you capture some profits and not look back. Again I’m not trying to tell you what to do but I would strongly consider these things. Best of luck and I hope you get some nice gains from it!






  • So to be fair it’s not like all patents are" I have an idea and I want to stop others from using it". Many are companies submitting technical documentation that the company spent millions of dollars to develop, they should get a head start on using it. After the patent expires everyone can use the tech that the original developer may have kept as trade secret instead. Of course they can be abused like most other things but there is definitely a use case for patents.