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by datadrivenangel
226 days ago
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The bit about Knight Capital implies that the software engineers were bad, which is notably untrue. "A bad [software engineer] can easily destroy that much value even faster (A developer at Knight Capital destroyed $440 million in 45 minutes with a deployment error and some bad configuration logic, instantly bankrupting the firm by reusing a flag variable). " |
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Google generates a lot of revenue per employee not because the employees are good (though many of them are of course), but because they own the front door to the web. And the Knight Capital story has many nuances left out by that summary.
In both cases the author needed a hard hitting but terse example. But as I said, both the claims are true, so in the voice of the courtroom judge, "I'll allow it."