What I’m reading is this use case is for 3-5 days a week full time dev if you stick to off hours US time. That you can save significantly if you have spiky usage 1-2 days a week by going the ad hoc API route if you’re new and you need to install a bunch of monitoring tools to tell you how best to save week to eeek as your usage patterns change and you risk surprise bills in the 10s of thousands if you get it wrong.
I've been putting off learning Claude and this article had me strongly considering jumping in. Then I looked up Anthropic pricing and its 100x more convoluted than cloud services management. Its a goddamn full time job and independent skill set figuring out how to prevent going bankrupt from AI usage!
I think I'm gonna be a late adopter on this one until the industry figures out a less cumbersome pricing model.
Isn’t it a running joke at this point that if you do what customers ask instead of focusing on the highest quality of service you get worse outcomes and the customer is still unhappy?
“All best spots are already used”, is not even close to true for the US. We have barely begun to explore and evaluate potential sites and I see this as a huge future growth industry
My takeaway was that the purpose of AI is not to do “your job” as well as you but to do the things you refuse to do in your job as a person with taste and ethics.
He has a massive stake in Gamestop outside of this pay package. The loss from diluting his massive accumulated position is not worth the bonus unless he thinks the price will recover long term.
My take? The strategy is like a contractor fixing up houses. GameStop was the crappiest house on the block. He’s fixed it up and is using it as collateral to take out a loan and buy the dilapidated mansion next door (eBay). He’ll keep going until he’s gentrified the whole neighborhood using the value of the current business as collateral to buy the next. He wants to sell only when the value of the entire gentrified neighborhood reflects market rate for the work he's put in.
GameStop has a standing approved agreement to issue up to a billion new shares. If you read the offer you will see it is 50% financed by GameStop stock.
They threw him a hardball today in his cnbc interview on this topic. $GME stock value would plummet short term, but the combined company would revalue much higher.
Current Gamestop shareholders would be diluted. They would own, proportionally, a much small slice of the combined company, but at a higher price point.
The framing of this as, "Ryan Cohen is diluting Gamestop shareholders in order to meet the terms of his enormous pay package" is disingenuous though, as his pay package is all stock. He's diluting himself too. He obviously has faith that, long term, the value of the combined company can substantially grow.
The attention stunts were a strategy toward finding profitability for the core GME business model.
This is significantly different, in line with a strategy that seems to have been in place since he became CEO of Gamestop.
This appears to be an attempt to take over eBay the same way he took over Gamestop by acquiring a 51% controlling interest with capital he will raise by further diluting the value of Gamestop shares.
It appears long term he is trying to build the, "Amazon of the secondhand market".
Incentives are key. If Congress does not present a balanced budget then there has to be consequences. Many other countries work this way. No balanced budget forthcoming? Then there is an immediate collapse of the current government or ruling party and run-off elections to replace them.