Readit News logoReadit News
legitster commented on U.S. government takes 10% stake in Intel   cnbc.com/2025/08/22/intel... · Posted by u/givemeethekeys
andsoitis · a day ago
Western governments have taken a stake in, nationalised, or owned / operated corporations for a very long time!

Some examples: VOC, BBC, national airlines, etc.

List across countries: https://en.wikipedia.org/wiki/List_of_government-owned_compa...

US specific: https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...

legitster · a day ago
Most of these were done under duress or specifically for public goods (BBC, for example).

Taking an ownership stake in broad daylight for political favors is very much unprecedented in the modern economy.

legitster commented on Home Depot sued for 'secretly' using facial recognition at self-checkouts   petapixel.com/2025/08/20/... · Posted by u/mikece
legitster · 4 days ago
My understanding of these systems is that the green box just detects a face to a) make it easier to scan hours of footage later looking for faces b) add a subtle intimidation factor against crime.

Is a picture of a face count as "biometric" information? I strongly doubt it and suspect this case will be thrown out.

legitster commented on Vendors that treat single sign-on as a luxury feature   sso.tax/... · Posted by u/vinnyglennon
legitster · 5 days ago
Maybe I'm missing something. Nearly every one of these companies offers SSO on their basic plans through the big public IdPs (Google, GitHub, Microsoft, etc).

What's being advertised as a feature is not SSO, but SSO through a private IdP. So this could just be a case of confusion created through marketing simplification.

Which, fair game! If you are big or technical enough to need a private IdP, you should probably be paying for an Enterprise plan. And from the perspective of these software companies, supporting your third-party IdP is kinda a luxury feature. Moreover, I can understand why Adobe wouldn't want to include these advanced features in their plans for college students.

legitster commented on Volkswagen gates a new vehicle's full horsepower behind monthly subscription   dexerto.com/entertainment... · Posted by u/taubek
legitster · 6 days ago
Even if you go straight to the website and read the fine print, this is pretty transparently a rip-off. They don't really bother to justify it. https://www.volkswagen.co.uk/en/connected-services/upgrades-...

And honestly, locking horsepower behind a paywall is more justifiable than some of the other features you have to unlock - like activating your own headlight features or climate control. They are literally installing the physical components into your car and charging you to activate them.

legitster commented on Volkswagen gates a new vehicle's full horsepower behind monthly subscription   dexerto.com/entertainment... · Posted by u/taubek
iambateman · 6 days ago
VW saw what Adobe did with the transition to a subscription model and they’re testing it…simple as that.

Can they capture more value by selling their big, expensive thing as a service rather than in one big sale?

In 2010, everyone complained that Adobe was ripping their users off charging them every month for software which basically doesn’t change (which was and is correct). But since that move, their valuation is up 10x.

I’d much prefer to drive a car that doesn’t know much about me…but then again, I still use Adobe products every day.

legitster · 6 days ago
> In 2010, everyone complained that Adobe was ripping their users off charging them every month for software which basically doesn’t change (which was and is correct).

I don't know if this is strictly true. Photoshop between 2010 and 2025 has substantially changed.

Also, in 2010, the Master Collection was $2600 ($3800 in today's dollars). And an upgrade was something like $800. In the long run users may pay a bit more, but I think it's fair to say that making the costs really easier to ingest does create a lot of growth in the same way that financing increases car sales.

legitster commented on Beyond Meat headed to Chapter 11 bankruptcy   thestreet.com/restaurants... · Posted by u/delichon
legitster · 6 days ago
Beyond developed a novelty product that focused entirely on the aesthetics of meat. But let's be real. Their products taste like crap and them scaling up with that awful recipe was never going to work.

The reaper is coming for Impossible soon, but at least in the tiniest possible way, they at least kinda taste like meat.

Regardless, this whole industry is built on hype. It's never going to be cheaper, healthier, or tastier than just a simple black bean burger.

legitster commented on The Folk Economics of Housing   aeaweb.org/articles?id=10... · Posted by u/kareemm
myhf · 9 days ago
Square footage per capita can be misleading because it goes up as an area moves from low density to medium density, but goes down as the same area moves to high density.
legitster · 9 days ago
Square footage of land != square footage of real estate. A stack of apartments is high density, but each resident could enjoy more square footage than if they were crammed into a single family home with a ton of roommates.
legitster commented on The Folk Economics of Housing   aeaweb.org/articles?id=10... · Posted by u/kareemm
whall6 · 9 days ago
Curious for a source on the sq footage per capita if you wouldn’t mind sharing. That’s very interesting.

Could that also be explained perhaps by the fact that people are willing to live farther away from cities (where land / homes are cheaper and larger) because they only have to work 3 days a week from the office? Or because commuting is less painful with newer cars?

legitster commented on The Folk Economics of Housing   aeaweb.org/articles?id=10... · Posted by u/kareemm
lcnPylGDnU4H9OF · 9 days ago
> people who buy those are leaving their old houses

I do not believe this is accurate, at least not in the last ~10 years or so. The houses are purchased by hedge funds and other smaller investors.

legitster · 9 days ago
> The houses are purchased by hedge funds and other smaller investors.

The hedge fund thing is way overblown. Even if they buy up homes in hot markets, their incentive is still going to be to sell them if/when the market cools. Corporations do not enjoy the same tax incentives as homeowners in this country, and the risks/costs to rent out older homes just doesn't pen out for non-local investors. If PE wants to get into housing, it's such a better deal for them to just build apartments.

Currently less than a percent of homes are owned by private equity. And the majority of those are owned for the purpose of turning around and selling them, like Home Partners.

(Zillow also tried buying up homes for the purpose of arbitrage and it ended up blowing up in their face).

legitster commented on The Folk Economics of Housing   aeaweb.org/articles?id=10... · Posted by u/kareemm
legitster · 9 days ago
One thing few people take into account is that demand housing is much, much more elastic than people realize - per capita people are consuming far more square footage than they used to. Houses that were built to be house multiple generations under one roof now only hold one generation. Usually elderly empty nesters. In our area we also see people buying up lots of older duplexes or triplexes and converting them into single-family homes.

So even areas where population is stable, and housing supply increases, it can result in very few tangible gains at the margin.

u/legitster

KarmaCake day22000January 1, 2015View Original