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by mcv
2144 days ago
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> "FAANGs swallow up promising engineers and have them work on mundane problems to help generate revenue." That reminds me of how 10 years ago, the smartest people in the world were working for investment banks on high-frequency trading to improve tiny efficiencies on stock market profits. And today they're working for FAANGs to improve ad targeting. Both cases are really just shifting money around, not creating new technology or wealth. But apparently improving marginal efficiencies of administrative work reaps more short-term profits than creating new value. |
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