Great article on a timely topic. The only point I think Nilay didn’t fully address is the specific impact on Amazon Marketplace. Amazon often takes half or more of the revenue from those sales, which helps sustain its “one-stop shop” dominance.
With agents, however, that marketplace advantage disappears—the agent effectively creates a dynamic marketplace on demand. It’s also worth noting the ongoing U.S. DOJ antitrust case against Amazon Marketplace, which could tie directly into this discussion.
Great stuff. Yeah it's as I suspected CA collects more from property tax per capita than TX, NY more than both. CA and NY both have very high income taxes that augment schools so it's not likely lack of money that is causing poor outcomes.
Has anyone done a comparison of how much California collects per capita in tax revenue from property tax versus other states like New York and Texas?
For example, in NY they used assessed value which is an often a small fraction of actual value- sometimes around 10%. In Texas, assessed value is often frozen/ lagged from market values as real estate transactions are not reported to the tax bureau.
If you increase regulation so the time and cost to build a nuclear plant is impossible...then yeah everything else is way cheaper. Not exactly brkeaking news.
If Sprint had gone bankrupt you would have had the same effect- the assets including licenses sold to Tmobile. That said, I don't think Sprint would have gone bankrupt but it def was underinvesting.
Going from 4 large competitors to 3 has obviously hurt completion and led to higher prices. Americans tend to pay a lot more for their cell service- especially single lines than other countries.
There are mitigating factors such as T-mobile becoming a much more potent competitor with the mid-band spectrum they got from Spectrum.
The FCC hoped that Dish would step in to emerge as that 4th have not materialized. We need Dish or someone else to emerge as a major competitor.
That said, I don't think reversing the merger is a viable option at this point. We really need a 4th national competitor to merge. Dish has potential but so far it's not made a dent.
Fair use is how cos like Google got started in the first place. AI is similarly dependent on sucking up vast quantities of information, with a light touch of course, and use that to create the NEXT Google.
For that matter, who will build the next LLM if anyone like Elon Musk can slap terms of use change on an account because he wants to stop fair use. This is anti innovation and means challenging all these monopolies- Google in search and twitter in Social media will be all the harder.
This needs to get to SCOTUS fast for clarification as it's evil, wrong and will kill innovation.
I wish we had trains just like Japan and Europe have, but we don't have geography or population density like Japan or Europe has.
We have surmountable problems in regulation that drive up our costs to 6x per mile what it costs other countries but the problem is the revenue per ticket mile. Hard to match the city and population density.
The article there looks at ONE use of technical analysis which is a moving average crossover. The nicest houses I know are owned by traders who know how to use technical analysis. it is very interesting that such an uniformed opinion is the top rated comment on YC tho.
Why not a similarly brave stance in China? In China Apple claims it "obeys all local laws" except in the UK it wants to be courageous? I guess it's a brave state unless the $$$ are good.
Google owns 90%+ of search, Android, and the Ad side. The three together allow it to crush competitors from both ends all while taking a 35% cut. The most lucrative part of the ad business is paid downloads. how many of those searches start in Google with e.g. "Download Spotify". Google makes money selling that to Spotify and they can do it at a much higher rate because no other ad seller has access to search inventory for "download Spotify" or similar searches.
Imports into Russia have dropped by over half. meaning they can't use their currency to buy anything. And they import pretty much everything except food and natural resources. Any currency which could not longer be traded internationally would rise as well but it's of little good if you can't trade it for anything.
so before you dismiss all that "propaganda" make sure you don't spread it yourself.
Merkel wanted a pipeline that just happened to terminate in her district you forget to mention.
She may have a physics degree but she is a politician and I have a feeling she used her political education more than her physics on this one.
First of all, the most dangerous word in the world is "safe"- there is no such thing. It's an illusion. You are not safe, you will get sick and die one day. We all will.
Also, people have been having "unsafe" sex for over 40,000 years. There's been gay unsafe sex and straight unsafe sex going on all that time.
With agents, however, that marketplace advantage disappears—the agent effectively creates a dynamic marketplace on demand. It’s also worth noting the ongoing U.S. DOJ antitrust case against Amazon Marketplace, which could tie directly into this discussion.