flagging has just become abusive. It needs serious reform, @dang.
I can't speak for the original rationale, but it seems like the intent must be to remove posts or comments that are clearly offensive on some semi-legal grounds (obscene, advocating violence, etc.) Now it's become just "I don't like this."
There are many possible reforms, but off the top of my head, changing "flag" to be nothing but a suggestion to the mods might fix it. It would do nothing unless a mod agreed. And the flagger's id should be public and it should cost them something (karma points, maybe).
Dead Comment
Is this actually true? No citation is given and my gut sense was that corporate collapses used to be far more frequent. Think railroad manias, tulip bubbles, wildcat banks. If anything economic conventional wisdom has lately become that there aren't enough corporate collapses due to the flood of endless cheap money propping up zombie firms that endlessly lose money.
The Theranos deck is interesting though. Even the first slide appears to be a word salad that makes no sense. "Our immediate goal is to become the standard for improving the efficacy and risk/benefit and safety profile of every therapy"? That's an (over-broad) mission statement, not an immediate goal. Then slide 3 "Theranos Today" they're talking about assumed future deals not the state of the company in the present, and somehow "Existing deals: $120M - $1.5Bn in revenue"!?
Then a bunch of graphs that look like they must have come from a real patient but nothing is stated about what's really happening.
Also, "Drivers for success: management and culture" lol.
2) I worked for a large private equity company on contract for a bit. The team I worked on was doing analysis about what the likely impact of AI, robotics, and automation on true unemployment in the US was likely to be as of 2030. Largely due to the impact on food service, retail, agriculture, customer support, and entry level corporate jobs the conclusion was that we'll see true unemployment in the 40% range at that time.
Clearly Microsoft has a large stake as well. It sounds like equity was distributed to employees, but according to Fortune some was sold: "OpenAI’s other investors include Hoffman’s charitable foundation and Khosla Ventures. Last year, Sequoia Capital, Tiger Global Management, Bedrock Capital, and Andreessen Horowitz reportedly purchased shares from preexisting shareholders in a sale valuing the company at around $20 billion, according to The Information."
https://fortune.com/2023/01/10/microsoft-investment-10-billi...
Been a Hacker News user since this launched, but have been feeling increasingly like I'm not part of this culture and don't want to be part of this culture anymore. So I'm out.
It's sad and kind of tragic to see what was once a thriving, diverse community that embraced all types of marginalized people (nerds, engineers, geeks, and so on) become a cesspool of bigotry and hate speech.
And the real tragedy, of course, is that Hacker News is just a microcosm of the developer culture -- which has become disgusting and hateful.
I hope those of you who are not bigots manage to fix this place. I hope the developer culture becomes healthier and less toxic. But I'm not going to be around to help or see it. Y'all are too exhausting and depressing.
Peace out.