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Crudely oversimplifying, the rule in the US is that if you sell securities to accredited venture capitalists and they immediately turn around and dump them on retail investors, that’s bad, that’s a public offering of securities and you and the VCs get in trouble. But if you sell the securities to VCs and lock them up for a year, and at the end of the year the VCs dump them on retail, that’s fine, that’s allowed: You sold the securities under an exemption from registration (just to the VCs), and they sold the securities in a regular secondary-market transaction that doesn’t need to be registered.
UBS Cuts Out Credit Suisse - Bloomberg
Matt Levine
Let’s say each one of your customers places a new order every day with a hundred line items. This is relatively frequent, but it is still probably less than a megabyte of data generated per day. In three years you would still only have a gigabyte, and it would take millenia to generate a terabyte.
MotherDuck: Big Data Is Dead
motherduck.com
Moral formation, as I will use that stuffy-sounding term here, comprises three things. First, helping people learn to restrain their selfishness. How do we keep our evolutionarily conferred egotism under control? Second, teaching basic social and ethical skills. How do you welcome a neighbor into your community? How do you disagree with someone constructively? And third, helping people find a purpose in life.
How America Got Mean
theatlantic.com
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