Wednesday, August 09
Daily News Stuff 9 August 2023
Fuck The Cloud Edition
Fuck The Cloud Edition
Top Story
- After raising $22 billion in funding and soaring to a peak valuation of $47 billion, WeWork now boasts a market cap of $166 million. (Tech Crunch)
That's a 99.7% decline, but still better than I thought because I was under the impression that they went bankrupt last year.
So how's it going?Today, the 13-year-old company announced a net loss of $397 million for the second quarter on revenue of $877 million.
That good huh?As such, WeWork went on to say its ability to continue operating is contingent upon "successful execution of management’s plan to improve liquidity and profitability over the next 12 months."
It's worse than that, he's dead, Jim.
Tech News
- Lyft wants to kill surge pricing. (Tech Crunch)
"[Primetime pricing] is a bad form of price raising," said Risher. "It’s particularly bad because riders hate it with a fiery passion. And so we’re really trying to get rid of it, and because we’ve got such a good driver supply ... it’s decreased significantly."
Getting rid of something because all your customers hate it. Imagine if Apple or Microsoft heard of this.
- It's time to change how we cover Elon Musk, says news outlet that covers Elon Musk in a form of frothing psychosis that approaches performance art. (The Verge)
The plan is more psychosis.
- A new bug called Downfall in Intel's CPUs up to 11th generation allows for bad stuff. (Serve the Home)
The latest version of your operating system should have a patch for this.
- A new bug called Inception in AMD's Zen CPUs up to, well, all of them, allows for bad stuff. (Serve the Home)
The latest version of your operating system should have a patch for this.
- Nvidia has new workstation GPUs out - the RTX 4000, 4500, 5000, and 6000. (WCCFTech)
There was already a half-height version of the 4000 available, but this announcement includes a full-height version that runs up to 30% faster.
Prices range from a not entirely unreasonable $1250 for the RTX 4000 to $6800 for the RTX 6000.
- More leaks of specific Radeon 7700 and 7800 models - this time from ASRock - indicate that an announcement is close. (WCCFTech)
Count on AMD to screw up the pricing so that they land with a resounding meh.
Disclaimer: Ble again.
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Posted by: normal at Wednesday, August 09 2023 08:37 PM (obo9H)
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I don't see how WeWork survives, even if it was actually competently run and able to develop and execute a good plan. Before Covid, my company had several remote "offices" that were just the people in that remote city using a WeWork or similar location. I worked in a fairly nice shared office space here in Portland. As we started to look at going back to an office model, we very quickly realized that there was a glut of good office space on the market and we could very easily rent our own, much nicer and better located office space if we so chose. But in the end, management decided that productivity was doing just fine with people working from home, and the ability to hire people anywhere in the country whether they were in commute distance to an office or not was a very good thing.
Posted by: David Eastman at Thursday, August 10 2023 05:25 AM (R7Z4D)
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